Former FTX CEO Sam Bankman-Fried charged for allegedly bribing Chinese officials
U.S. prosecutors today filed a superseding indictment against former FTX CEO Sam Bankman-Fried alleging he bribed Chinese officials.
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FTX
Finance YouTubers sued over promotion of FTX
A new class action lawsuit alleges that several well-known finance YouTubers, including Graham Stephan, Andrei Jikh, Jaspreet Singh and others, should be held responsible for promoting now-disgraced cryptocurrency exchange FTX. The lawsuit’s plaintiff is Edwin Garrison, a private investor who also filed a lawsuit against former FTX CEO Sam Bankman-Fried himself, plus celebrity promoters like […]
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Police shut down dark web crypto laundering service linked to FTX hack
An international coalition of law enforcement agencies announced on Wednesday that it had taken down the popular dark web crypto laundering service ChipMixer, seizing more than $46 million in crypto and terabytes of server data. The service, for example, was used last year by the attacker who stole funds from the now failed crypto exchange […]
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Silvergate’s shiny hinges have rusted as the crypto bank plans to shut down
On Wednesday, Silvergate Capital, a publicly traded crypto bank, shared that it would “wind down operations and voluntarily liquidate” its bank division.
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Crypto bank Silvergate’s ‘collywobbles’ could add to industry’s woes
Crypto bank Silvergate bit the dust this week, leading some analysts to forecast bigger problems for the overall ecosystem.
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Sam Bankman-Fried faces new criminal charges for unlawful political contributions
According to a new filing from the Southern District of New York’s attorney’s office, former FTX co-founder and CEO Sam Bankman-Fried (SBF) now faces four additional counts of fraud, bringing his total to twelve charges. With these new charges, the former crypto wunderkind has been accused of defrauding the Federal Elections Committee (FEC), along with […]
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SEC’s proposal could affect which crypto companies can manage assets
The SEC proposed a new rule that may back crypto companies further into a corner as regulators continue to crack down on the space.
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FTX’s attempts to claw back political donations may target largest recipients, experts say
FTX is seeking to claw back donations made to politicians and PACs. It might seem like an odd request, but it was unsurprising to some legal experts who keep tabs on the space.
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FTX wants politicians and PACs to return their donations
FTX and its affiliated debtors have sent confidential letters asking politicians, PACs and other recipients of funds to return donations made by the crypto exchange once valued at $32 billion. The recipients are being asked to return donations — or potentially face repercussions — to the now-bankrupt exchange, according to a Sunday statement from FTX. […]
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Lost your crypto amid Chapter 11 bankruptcy filings? You’re probably not getting it back
Legal experts say unsecured creditors shouldn’t expect much following a number of Chapter 11 bankruptcy cases in the crypto space.
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