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Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s father reportedly advised his son on matters related to lobbying lawmakers in Washington D.C. and may now be cooperating with prosecutors. Go to Source Powered by WPeMatico
The abnormal amount of illicit transactions is caused by the equally record-breaking scale of international sanctions. Go to Source Powered by WPeMatico
Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May 2022. Go to Source Powered by WPeMatico
Former Chinese Communist Party member Xiao Yi seemed to speak with a very subdued voice from what appeared to be prison, apologizing for supporting a Fuzhou crypto mining firm. Go to Source Powered by WPeMatico
According to the court filing, the number of victims in the FTX case made it “impractical” to rely on more traditional methods of notification. Go to Source Powered by WPeMatico
FTX’s bankruptcy filings show a $543-million loan to Nishad Singh and he was reportedly a part of the secret ‘wirefraud’ chat group. Go to Source Powered by WPeMatico
Alex Mashinsky’s actions leading up to Celsius declaring bankruptcy allegedly contributed to investor losses by misrepresenting the platform’s financial condition to investors. Go to Source Powered by WPeMatico
The former FTX CEO faces eight criminal counts in the United States which could result in 115 years in jail should he be convicted. Go to Source Powered by WPeMatico
According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal. Go to Source Powered by WPeMatico
