Sam Bankman-Fried Arrested in Bahamas; Could Other FTX Executives be Next?
Sam Bankman-Fried, former chief executive officer of the FTX.com cryptocurrency exchange, was arrested by the Royal Bahamas Police on Monday at the request of U.S. authorities, in another step in the saga of a US$32 billion company that imploded in bankruptcy in a matter of days last month. The arrest was based on an indictment that will be unsealed on Tuesday, said Damian Williams, the U.S. attorney for the Southern District of New York, on Twitter. The New York Times reported the charges to include wire fraud, securities fraud, and money laundering, citing a person familiar with the matter. (forkast)
Sam Bankman-Fried Wants to Start New Business to Repay FTX Users — 'I'm Going to Try if I Can'
Former FTX CEO Sam Bankman-Fried (SBF) has revealed that he wants to start another business in the hope of earning money to repay FTX customers. “I would give anything to be able to do that. And I’m going to try if I can,” he said. (Bitcoin.com)
Sam Bankman-Fried Blames CZ For The FTX Collapse
In an interview with Forbes on December 12, Sam Bankman-Fried, the former CEO of FTX, once again blamed Binance CEO Changpeng Zhao for the failure of his exchange. Bankman-Fried claimed that Zhao had intentionally plotted to sabotage FTX in order to eliminate competition. Sam Bankman-Fried doubled down on his allegations that CZ was lying and claimed the was unaware of the negative impact this would have on the crypto market and the broader industry. (cryptopotato)
SBF Charged with Conspiracy, Wire Fraud, Money Laundering by Justice Department, Securities Violations by SEC
After weeks of speculation, the U.S. Department of Justice has officially filed criminal charges against Sam Bankman-Fried, the former CEO and founder of FTX. Bankman-Fried was arrested on Monday in the Bahamas related to charges by U.S. officials. U.S. Attorney Damian Williams posted on Twitter that the indictment would be unsealed Tuesday morning. Citing a person with knowledge of the matter, the New York Times reports that prosecutors for the Southern District of New York have charged Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering. (Decrypt)
Markets: Bitcoin, Ether Rise in Mixed Trading; U.S. Equities Gain Ahead of Inflation Data
Bitcoin and Ether rose in Tuesday morning trading in Asia, with other top 10 non-stablecoin cryptocurrencies putting in a mixed performance. BNB and Dogecoin lead losses, while Polygon and XRP saw the largest gains. U.S. equities rose overnight ahead of the release of November’s consumer price index on Tuesday and an expected interest rate increase on Wednesday. (forkast)
US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit
A federal judge has ordered the Commodity Futures Trading Commission (CFTC) to serve Tom Bean and Kyle Kistner with its lawsuit against Ooki DAO. Bean and Kistner are the founders of bZeroX, a company that allowed its users to trade crypto derivatives products in the U.S. Bean and Kistner converted the company into a decentralized autonomous organization (DAO), which eventually rebranded to Ooki DAO. (Coindesk)
SynFutures Says New V2 Upgrade Adds ‘Permissionless Listing’ of Futures
SynFutures, a decentralized exchange on the Polygon network, said its new V2 upgrade will allow for the permissionless listing of futures trading pairs. The Singapore-based company, backed by the crypto investment firms Polychain and Dragonfly, says the new upgrade could meet growing interest among retail traders in decentralized finance, or DeFi. The trend accelerated after the collapse of Sam Bankman-Fried’s FTX exchange and Three Arrows Capital added a “sense of urgency to the need for transparency and retail user protections,” SynFutures said in a press release. (Coindesk)
Danish Fintech Company Aryze Completed an Oversubscribed Dkk 2M Funding Round
ARYZE, a Danish fintech company creating digital payments solutions, successfully lists ARYZE Digital Cash, a suite of innovative digital currency assets.
Crypto Mining Investments in Cuba Have Been Severely Impacted by Constant Power Blackouts
Repeated blackouts in several parts of Cuba have reportedly made operating cryptocurrency mining rigs impossible - and mining unsustainable.
Breaking: Binance Responds To Allegations, Denies Reports On Money Laundering
Binance, the largest cryptocurrency exchange in terms of volume, has responded to an article published by Reuters claiming that the U.S. Department Of Justice found credible evidence of violating U.S. sanctions, centered around anti-money laundering laws.
