White House Denies SBF Pardon; Block Cuts Over 4,000 Jobs; Senator Probes Binance Over Iran Funds

The White House has reiterated its stance that it will not issue any pardons for Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX. This comes as reports indicate that Block, the parent company of Square and Cash App, has initiated significant layoffs, impacting over 4,000 employees.

In separate developments, blockchain investigator ZachXBT has reportedly uncovered insider trading activities related to meme coins. Meanwhile, a U.S. senator has launched an investigation into Binance, focusing on the flow of $1.7 billion in funds allegedly linked to Iran.

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