Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony
Shares of crypto-friendly bank Silvergate (SI) dropped 14% over the past 24 hours, hitting a new two-year low and underperforming most crypto assets on Tuesday as new FTX CEO John J. Ray III testifies before the House Financial Services Committee.
Breaking: Manhattan Court Finds FTX Founder SBF Guilty To Wire Fraud
The <a href="https://coingape.com/tag/ftx/">FTX</a> founder has found himself in a whirlwind of federal indictments today, with the Securities And Exchange Commission charging <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a> with defrauding investors by using billions of dollars of customer funds for undisclosed venture capital and now also by the Manhattan federal court where SBF has been charged with conspiracy to commit wire fraud.
CFTC Plans To Sue Sam Bankman-Fried for Fraud
U.S derivatives regulator Commodity Futures Trading Commission (CFTC) is planning to sue the co-founder of bankrupt crypto exchange FTX, Sam Bankman-Fried, for fraud, Bloomberg reported, citing a source.
FTX Hearing Will Continue Without SBF Following His Arrest in the Bahamas
The United States House Financial Services Committee plans to move forward with FTX’s hearing scheduled for Tuesday, December 13, despite the arrest of the company’s disgraced founder and former CEO, Sam Bankman-Fried (SBF).
Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue
Robinhood Markets (HOOD) faces potential headline risk from imminent SEC market structure proposals, a cautious stock market outlook and potential fallout from the FTX collapse hitting crypto trading revenue, Citi (C) said in a research report Tuesday.
SEC Charges FTX CEO SBF for Defrauding Investors a Day After His Arrest
The United States Securities and Exchange Commission (SEC) has filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX.
Canadian Regulator Tightens Grip on Crypto Trading Platforms
Canada’s financial regulator is expanding the provisions crypto trading platforms are expected to adhere to in light of the FTX exchange collapse last month. Licensing will also see tighter enforcement, including firms based outside of the country but accessible to citizens.
FTX Token Slumps Into Abyss As Sam Bankman-Fried Gets Arrested
Upon the news that the founder of the collapsed crypto trading platform FTX has been arrested, many cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) included, are recording modest gains, whereas FTX Token (FTT), the native token of the crypto derivatives trading platform, keeps losing ground.
FTX Filing Alleges Bahamas Authorities Coordinated With Bankman-Fried
Attorneys representing the current leadership of FTX, those representing the Bahamas-based trading operation still controlled by former CEO Sam Bankman-Fried, and the Bahamian government are all wrangling over hundreds of millions of dollars' worth of assets kept in the island nation.
FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation
The Bahamas liquidators are seeking to exclude over $200 million worth of luxury properties in the country from the estate of FTX, as the bankrupt crypto exchange seeks to wind up and repay creditors in the U.S., court documents filed on Monday revealed.
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