A US jury finds Avraham Eisenberg, a crypto trader who stole $110M on the Mango Markets exchange in 2022, guilty of fraud despite his “code is law” claim
but the outcome could also help protect it. By @Michael_Bodley 🗞️ Read more:... [image] @newyorkfbi : In the Justice Department's first cryptocurrency open-market manipulation case...
A US jury finds Terraform Labs and Do Kwon liable for fraud in a US SEC lawsuit, boosting SEC's efforts to assert greater control over the crypto industry
- Terraform 2022 failure wiped out $40 billion in investor funds — Kwon criminal trial on hold over extradition from Montenegro
A Florida court filing accuses the Bahamas-based Deltec Bank of giving Alameda Research a short-term line of credit worth billions of dollars to buy Tether
Zeke Faux / Bloomberg :
A Florida court filing accuses the Bahamas-based Deltec Bank of giving Alameda Research a short-term line of credit worth billions of dollars to buy Tether
Zeke Faux / Bloomberg :
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and money laundering in the FTX trial; the judge sets SBF's sentencing for March 28, 2024
and what comes next Qadir AK / Coinpedia Fintech News : DOJ Cracks Down: Binance and Tether Face Terrorism Financing Charges PC Gamer : ‘The king of crypto’ found guilty of fraud, ...
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF's sentencing for March 28, 2024
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty …
An excerpt from the book Number Go Up details an April 2022 FTX conference in the Bahamas, where writer Michael Lewis lavished Sam Bankman-Fried with praise
Three years ago, nobody knew who you were. And now you're sitting on the cover of magazines. And you're a gazillionaire.
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, as “Paxos halted minting of new BUSD” after an NYDFS order in February 2023
Jamie Crawley / CoinDesk :
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, citing Paxos ceasing to mint new BUSD after an NYDFS order in February 2023
The move follows Paxos' decision to halt minting of new BUSD. — Cryptocurrency exchange Binance said it will …
Investigation: despite scaling back in Russia in 2022, Binance continues to handle substantial ruble trading, helping clients evade sanctions via intermediaries
Binance is helping Russians move money abroad, potentially adding to its sprawling legal problems in the U.S. The cryptocurrency giant …
The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly
Crypto tokens are securities unless you are anonymously dumping them on retail investors. LinkedIn: Kelvin Low . Twitter: @smdiehl , @matt_levine , @exlawyernft , @ben_mckenzie , @...
Court filing: the SEC asked a DC court to grant a temporary restraining order that would freeze assets tied to Binance.US' holding and operating companies
The filing comes a day after the SEC sued Binance. — The U.S. Securities and Exchange Commission (SEC) asked a court to grant …
A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal
SEC v. Crypto — “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …
Bank records: from 2019 to 2020, Binance executive Guangying Chen operated five Silvergate accounts belonging to Binance's purportedly independent US affiliate
A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange's purportedly …
Sources: Binance's Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent
In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
Sources: Binance is discussing letting some of its institutional clients use bank deposits as collateral for margin trading, to help reduce counterparty risk
Tether plans to invest up to 15% of its profits in bitcoin, as the stablecoin developer shifts its reserves toward crypto and away from US government debt
- Tether is set to purchase bitcoin on a regular basis from its profits. — It held $1.5 billion in bitcoin as of the end of the first quarter …
Sources: US prosecutors are split on charging Binance and its executives over possible money laundering and sanctions violations and have discussed a plea deal
Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation …
A video and live blog of Sam Bankman-Fried being interviewed by Andrew Ross Sorkin at the New York Times' DealBook Summit, covering FTX, Alameda, and more
FTX, the crypto exchange Mr. Bankman-Fried founded, declared bankruptcy this month in a failure that wiped out billions of investor dollars.
In his NYT interview, SBF gave few straight answers while admitting to gross errors, denying claims of fraud, and claiming he “didn't knowingly commingle funds”
You hold customers' funds and don't do ANYTHING with them except hold them. When your customers ask for them back you give it to them - immediately. https://twitter.com/... @cmsint...