Cryptocurrency Archives - Page 10 of 15

FTX’s Sam Bankman-Fried pleads not guilty to criminal fraud charges

Jack J. Kelly Cryptocurrency, Investigation, SEC, Securities and Exchange Commission, Wire Fraud January 3, 2023

FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges Tuesday and is set to face a trial in October, which is expected to be one most high-profile white collar fraud trials in recent years. Bankman-Fried appeared in US District Court in New York ...Read More

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New York Banking Regulator Sets Crypto Guidelines in Wake of FTX

Jack J. Kelly Banks, Cryptocurrency, Regulators December 15, 2022

New York regulators today released crypto rules for banks following the collapse of digital asset exchange FTX. The New York State Department of Financial Services (NYDFS) said Thursday that banks in the state must submit a business plan at least 90 days to the body before ...Read More

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Alameda ex-CEO Caroline Ellison taps SEC’s former top crypto regulator as lawyer in FTX investigation

Jack J. Kelly Cryptocurrency, Investors, Regulators, SEC, Securities and Exchange Commission, Trading December 13, 2022

Alameda Research ex-CEO Caroline Ellison has retained a former top cryptocurrency regulator for the US Securities and Exchange Commission as the federal investigation into the downfall of FTX continues. Bloomberg first reported that Ellison hired Stephanie Avakian, chair of the securities and financial services department at ...Read More

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FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges

Jack J. Kelly Arrest, Congress, Cryptocurrency, Investors, Money Laundering, SEC, Securities Fraud, Wire Fraud December 13, 2022

FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire ...Read More

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Crypto: Bieber, Madonna, Steph Curry, Snoop Dogg in Big Trouble

Jack J. Kelly Cryptocurrency, Investors, Lawsuit, NFT, SEC December 12, 2022

The adventure of celebrities in the crypto space is turning into a real nightmare. After lawsuits against billionaire Mark Cuban along with bankrupt crypto lender Voyager Digital, Tom Brady, Steph Curry, Naomi Osaka, Gisele Bundchen, Larry David and others in the bankruptcy of cryptocurrency ...Read More

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US Prosecutors Look to Charge Binance, Executives on Possible Money Laundering Violations

Jack J. Kelly Cryptocurrency, Investigation, Money Laundering December 12, 2022

U.S prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reported, citing two people. The Department of Justice has also discussed possible plea deals with Binance’s lawyers, the report added. Prosecutors in the U.S. Attorney’s Office ...Read More

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Congressman Calls for Investigation Into Gensler, SEC’s Role in FTX Collapse

Jack J. Kelly Cryptocurrency, Investigation, SEC, Securities and Exchange Commission December 9, 2022

A Democratic congressman is calling for an independent investigation into the Security and Exchange Commission’s failure to prevent the historic collapse of crypto exchange FTX. In a strongly worded letter sent Tuesday, Representative Ritchie Torres (D-NY) called upon the Government Accountability Office (GAO) to ...Read More

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Prosecutors, SEC Squeeze FTX Associates For Information

Jack J. Kelly Cryptocurrency, Investigation, Investors, SEC, Trading December 5, 2022

While FTX founder Sam Bankman-Fried continues to make lawyers cringe every time he opens his mouth, US authorities are seeking information from investors and trading firms that worked closely with the company. According to Bloomberg, the US Attorney’s Office for the Southern District of New York (SDNY) ...Read More

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Feds Charge 21 People In Global Crypto Money Laundering Bust

Jack J. Kelly Cryptocurrency, Money Laundering December 5, 2022

The U.S. Attorney’s Office for the Eastern District of Texas announced on Wednesday that it has charged 21 people in a transnational crypto money-laundering network that washed millions in funds scammed from thousands of U.S. victims. The charges were unsealed as part of ...Read More

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Former SEC official slams Tether for running a Ponzi scheme, labels firm as a ‘house of cards’

Jack J. Kelly Cryptocurrency December 5, 2022

Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether. According to Reed, who worked with SEC for almost two decades, Tether’s failure to disclose key information about its balance sheet might be ...Read More

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