Senators Voice Broader Concerns Around Crypto, Including Binance
Senate lawmakers are taking a closer look at Binance in the wake of FTX's collapse, with a hearing today frequently touching on the off-shore exchange while senators also expressed broader concerns around the whole digital asset industry.
Sam Bankman-Fried Was a ‘Pathological Liar’, Says Congressman
Rep. Ritchie Torres (D-N.Y.) told CoinDesk TV’s “<a href="https://www.coindesk.com/video/sam-bankman-fried-is-a-pathological-liar-us-congressman-after-ftx-hearing/">First Mover</a>” on Wednesday FTX CEO Sam Bankman-Fried is a “pathological liar.” Torres, a member of the House Financial Services Committee, added that “there’s evidence to suggest this much.”
FTX Bankruptcy Court Warned Against Granting Bahamas 'Dangerous' IT Access
Giving access to FTX's platform would let funds slip away to an untrustworthy Bahamas government, while inflammatory Congressional testimony from new CEO John Ray risked taking the case “off the rails,” the court was told by the two opposing parties.
FTX Hearing: Kevin O’Leary Attacks Binance Calling It an “Unregulated Monopoly”
According to O’Leary, he spoke with the FTX founder <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a> after the business declared bankruptcy. He quoted Bankman-Fried as saying that a large portion of the missing money was used to buy back FTX shares from Binance founder Changpeng “CZ” Zhou.
FTX Hearing in US Senate Reveals Congress Doesn’t Have Immediate Answers
The crypto industry is calling for U.S. regulations as the epic failures of FTX drag at the sector and most regulators say they can’t do the job without more powers from Congress. So far, a sound-and-fury campaign from lawmakers hasn’t yet signified a path forward.
The Bahamas and US Attorneys at Conflict Over Control of FTX’s Data
The Bahamas and United States attorneys overseeing the restructuring procedures for Sam Bankman-Fried’s FTX appear to be at conflict on who should gain control of internal records of the now-defunct cryptocurrency exchange.
Legal Fight Escalates Around ‘Collusion’ Between Bankman-Fried and Bahamian Government
A federal bankruptcy judge will hear evidence about the potentially criminal movement of assets out of FTX and its affiliated companies, in what is the latest escalation of a heated legal struggle between the failed crypto firm new leadership and federally indicted former CEO Sam Bankman-Fried.
S. Korean City Official Refutes Reports of Binance, FTX Pulling Out of Busan’s Crypto Exchange Project
A Busan city representative has refuted reports that global cryptocurrency exchange Binance and now-bankrupt FTX.com have backed out of their partnership with South Korea’s Busan city to help build its first city-backed crypto exchange.
U.S. Authority Alleges That SBF Donated to Politicians Using Other People’s Name
An indictment filed by the Southern District of New York (SDNY) alleged that the arrested FTX founder Sam Bankman-Fried made political donations in the name of other persons.
New FTX CEO: $1 Billion Worth of Assets Have Been Recovered – This is What You Need to Know
John Ray III, the new CEO of collapsed crypto exchange FTX, has revealed that the new leadership has managed to recover $1 billion worth of assets.
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