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On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were reportedly “appropriated by Alameda for its own use.” U.S. Commodity Futures Trading Commission: […]Powered by WPeMatico
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access that would be provided immediately to the […]Powered by WPeMatico
SEC has filed charges against the former CEO Sam Bankman-Fried, accusing him of defrauding U.S. customers and concealing the diversion of customers’ funds.
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The SEC is looking to block an appeal from Grayscale Investments after denying its proposed Bitcoin exchange traded fund.
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SBF has finally been slapped with criminal charges and will be extradited to the U.S., once there, he will have to face separate charges from the SEC.
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U.S. congressional candidate January Walker said a potential settlement would be a loss for the “whole world” and Web3.
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Sam Bankman-Fried is willing to testify before the Financial Services Committee of the U.S. House of Representatives on Dec. 13.
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Ex-Alameda Research head will be represented by Stephanie Avakian and a team of attorneys from WilmerHale.
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While the SEC chairman has promised to make crypto safer for everyone, the recent slew of company collapses seems to suggest otherwise.
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New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.
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