Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail. Go to Source Powered by WPeMatico
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US Trustee names Wintermute on creditor committee in FTX bankruptcy case
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people. Go to Source Powered by WPeMatico
Senate FTX hearing: calls for regulation and crypto criticisms aplenty
“Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped,” said Senator Pat T Go to Source Powered by WPeMatico
Will FTX’s ill wind reach the Global South? Maybe not
In Latin America, “crypto is functional, it has a real utility.” It can hedge inflation, provide access to dollars and internationalize wealth. Go to Source Powered by WPeMatico
Crypto blame game back on US Senators’ menu following SBF arrest
While Congressman Brad Sherman saw SBF as the poster child of the crypto ecosystem, congressman Tom Emmer highlighted the crypto community’s contribution to uncovering the supposed FTX fraud. Go to Source Powered by WPeMatico
White House silent on whether it will return $5.2M in donations from SBF
A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from SBF. Go to Source Powered by WPeMatico
FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and ‘conscientious stupidity’
Some members of the U.S. House of Representatives questioned whether Sam Bankman-Fried’s actions at FTX and Alameda may have been willful or due to gross incompetence. Go to Source Powered by WPeMatico
Crypto hotspots continue to thrive despite FTX collapse
Crypto-friendly cities throughout the world report growth and innovation despite recent events. Go to Source Powered by WPeMatico
Bahamas reportedly asked SBF to mint new coin after FTX collapse
The FTX collapse has reportedly fueled a major international legal dispute between the United States and the Commonwealth of the Bahamas. Go to Source Powered by WPeMatico
SEC charges FTX CEO SBF for defrauding investors a day after his arrest
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. Go to Source Powered by WPeMatico