FTX Trust Assets Sale Approved: What it Means for Creditors and the Cryptocurrency Market

2023-11-30 16:34:24 The sale of approximately $873 million in trust assets of the insolvent crypto exchange FTX can finally begin. The money received will be used to pay creditors affected by the company’s bankruptcy in 2022. According to a filing in Delaware bankruptcy court on Nov. 29, the debtors will be allowed to sell the … Read more

Understanding Crypto Regulation: SEC Chairman Gensler’s Insights and Crypto Compliance

2023-11-11 08:09:43 “There is nothing in crypto that is inconsistent with the securities laws… There are just a bunch of players around the world who are currently not complying with these time-honored laws,” the SEC chairman said. US Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke about crypto regulation in an interview with CNBC … Read more

Claims to ban Sam Fried from encrypted messaging applications

Normal January 29, 2023 11:50 am reading Two minutes (agencies)In a letter to a Manhattan court investigating judge, federal prosecutors in the FTX platform collapse file demanded that Sam Bankman Fried, the co-founder and main defendant in the case, be prevented from using encrypted messaging applications, including Signal, in order to prevent obstruction of justice … Read more

Elon Musk, tech firms, SPACs and Sam Bankman-Fried: the biggest losers of 2022 | ECONOMY

Elon Musk is no longer the richest man in the world. Tech stocks are no longer the market’s favorite stocks (at least not par excellence). The IPOs seem to have vanished. And cryptocurrencies cannot get out of the black hole into which they have plunged. “Although in theory there is a lot of money in … Read more

Two FTX top execs plead guilty to bankruptcy – extradited to US by Bankman-Fried

Sam Bankman-Fried The FTX founder wants to face justice in the United States. (Photo: AP) Nassau Two top executives have pleaded guilty to fraud in connection with the bankruptcy of cryptocurrency exchange FTX, US Attorneys said on Wednesday. Caroline Ellison, the former head of Alameda Research, and Gary Wang, the former chief technology officer of … Read more

Former FTX CEO SBF reversed attitude and agreed to extradition to the United States-Free Finance and Economics

SBF, charged with eight separate counts, agreed to be extradited to the United States to face a battery of criminal charges when he appeared in court on Monday. (Archyde.com file photo) [Financial Channel/Comprehensive Report]Former cryptocurrency exchange FTX CEO Sam Bankman-Fried (SBF) is expected to appear in court in the Bahamas on Monday (19th). series of … Read more

Sam Bankman-Fried, the young man who collapsed FTX and the cryptocurrency market, is arrested in the Bahamas

After weeks of the collapse of the exchange FTXhis founder Sam Bankman-Fried was arrested in Bahamas accused of fraud with his company cryptocurrencies. Bankman-Fried was arrested in the Caribbean country after local authorities received an official notification from the United States stating that “there were criminal charges against him.” The “wonder boy” is arrested Bankman-Fried … Read more