Sam Bankman-Fried (SBF), the co-founder of the now-defunct cryptocurrency exchange FTX, has reportedly attempted to influence the witnesses. In a recent court document, the U.S. prosecutors declared that the former CEO of FTX tried to persuade a witness in the case being investigated by the US government. In the wake
The crypto communities keenly observed FTX case had taken a few new turns such as the request for interrogating the previous CEO’s parent and sibling. The Bankman-Fried family will probably be answering the FTX lawyer’s question under the oath. Courts proceedings between the SEC and the collapsed crypto firm FTX
The Commodity Futures Trading Commission (CFTC) of the United States is advising lawmakers to grant regulators the authority to examine the books of any firm seeking to acquire a significant interest in any registered market player. Commissioner Kristin Johnson has proposed that Congress pass legislation to close the current oversight
According to court documents, the bankrupt crypto exchange FTX owes money to several companies, including Apple, Binance, Coinbase, Netflix, and more. At a hearing in early January, Judge John Dorsey, who is dealing with the case, ordered the identities of specific creditors to stay hidden for three months, but he
Another member of the Digital Currency Group (DCG) has announced layoffs, a further indicator of continued market instability that started with the Genesis bankruptcy. The Luno exchange announced the termination of almost 35% of its worldwide workforce, citing market volatility as the reason for the cuts. Consensys, the firm behind
According to unaltered financial data that was accidentally posted on Tuesday, insolvent crypto lender BlockFi is connected to SBF’s FTX and Alameda Research to the tune of around $1.2 billion. Moreover, according to CNBC, the January 14 confidential financial data shows that BlockFi filings comprise a loan to Alameda of
Former FTX president Brett Harrison, who left the firm in September 2022, has launched a new endeavor to entice traditional financial institutions to join the field of decentralized finance (DeFi). After the former president of FTX US, Harrison, detailed his departure from the firm and his strained relationship with co-founder,
U.S Federal prosecutors seized around $700 million in cash and assets. That was either owned by the defunct cryptocurrency exchange FTX or associated with its founder and former CEO Sam Bankman-Fried, ‘SBF.’ According to a court document filed on Friday, federal investigators in the Southern District of New York have
John J. Ray III, the company’s newly appointed CEO, has said that he is looking at reviving the bankrupt cryptocurrency exchange. While also making good on debts to FTX’s customers and creditors. Former Enron restructuring Chief Ray has promised to investigate all viable options and implement the best ones. In
Financial Services Agency (FSA) of Japan Deputy Director-General Mamoru Yanase has called for more worldwide controls on the cryptocurrency sector. According to him, cryptocurrency exchanges need to be regulated like traditional financial institutions. Moreover, Yanase argues that authorities may avoid another crypto platform collapse by treating them like banks. The
