testimony – DIGIT INFO

Sam Bankman-Fried seeks expert to counter testimony from DOJ witnesses

DIGIT — Tue, 24 Oct 2023 06:00:28 +0000

Former FTX CEO Sam Bankman-Fried intends to call on a financial expert to rebuff testimonies from Caroline Ellison, Gary Wang, Nishad Singh and Adam Yedidia.

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Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe

DIGIT — Fri, 06 Oct 2023 00:21:36 +0000

Elon Musk claims the SEC and DOJ are abusing their regulatory powers for personal and political gain to receive punitive action.

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5 lowlights of Gary Gensler’s evasive testimony before Congress

DIGIT — Thu, 28 Sep 2023 05:26:14 +0000

The United States Securities and Exchange Commission chief was asked whether the purchase of Pokemon trading cards is a security transaction and whether Bitcoin is a commodity.

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Senators slam bank execs for blaming collapses on crypto, pocketing millions

DIGIT — Wed, 17 May 2023 06:08:38 +0000

Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse.

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Video of SEC chair praising Algorand resurfaces after recently deeming it a security

DIGIT — Tue, 18 Apr 2023 06:39:52 +0000

Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.

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FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

DIGIT — Thu, 30 Mar 2023 00:34:56 +0000

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his […]

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House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest

DIGIT — Sun, 12 Feb 2023 17:00:53 +0000

On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried prior to his scheduled testimony before the House Financial Services […]

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FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns

DIGIT — Tue, 07 Feb 2023 20:35:10 +0000

Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between […]

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New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpoenas

DIGIT — Mon, 21 Feb 2022 16:00:03 +0000

A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed a subpoena enforcement action against Terraform Labs and the […]

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Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid

DIGIT — Mon, 22 Nov 2021 05:30:31 +0000

Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed testimonies against a long list of accomplices, a media report […]

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