SafeMoon CEO bail release goes on hold after Feds cite flight risk
Prosecutors argued SafeMoon CEO Braden John Karony poses a flight risk given his alleged access to funds and overseas connections. Go to Source
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SEC seeks summary judgment in Do Kwon and Terraform Labs case
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities. Go to Source
Breaking: Sam Bankman-Fried found guilty on all charges
Sam Bankman-Fried’s criminal trial has concluded with a jury finding him guilty of all seven charges. Go to Source
NYC mayor releases plans for responsible AI usage in local government
The administration for the mayor of New York City has released a plan for creating a framework for government agencies to utlitize AI, along with the pilot of the city’s first AI chatbot. Go to Source
Celsius valuation advisor approves value of debtors’ assets and liabilities
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm’s valuation report. Go to Source
NYDFS calls for public feedback on proposed crypto regulatory guidance
The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS’ greenlist Go to Source
Web3 company to have balloons featured during Macy’s Thanksgiving Day Parade
The iconic U.S. holiday event has previously introduced themed nonfungible tokens and held a virtual parade in the metaverse. Go to Source
Sam Bankman-Fried appeal against bail revocation ‘meritless’: Prosecutors
The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions. Go to Source
FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report
Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, has reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22. Go to Source
New York AG probes transactions at Genesis, ties with Barry Silbert: Report
Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital. Go to Source
