US Government Files Charges Against Sam Bankman-Fried
The United States Government has finally filed formal charges against the ex-chief of the now-defunct and discredited FTX. Since the very time FTX filed for bankruptcy, it has been under the scanner of the US authorities. These were the innocent persons who seemingly had burnt their fingers due to his fraudulent activities. They wanted their pound of flesh and fast.
FTX Spent $256 Million on Bahamas Real Estate — Now the Island’s Government Wants It Back
Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New Providence, Bahamas.
FTX CEO John Ray Blames Collapse on ‘Inexperienced and Unsophisticated Individuals’ in Testimony Following SBF Arrest
FTX CEO John Ray III Dec. 13 testimony to the U.S. Congress revealed that the bankrupt exchange commingled assets and stored wallets’ private keys without encryption.
The Founder and Former CEO of FTX, Sam Bankman-Fried Arrested in the Bahamas
The former billionaire, Sam Bankman-Fried (Founder and former CEO of FTX), was arrested on Monday in the Bahamas based on criminal charges filed in the United States, announced the Office of the Attorney General of The Bahamas.
Thailand Regulators Prepare Stricter Rules for Crypto
Financial regulators in Thailand are about to get tough on crypto. The move follows a tumultuous year in which Asians have suffered major losses. On Dec. 13, the Bangkok Post reported that the Thai Securities and Exchange Commission is preparing stricter rules for crypto assets. Thailand’s SEC is setting up a working committee to study the crypto industry. Additionally, it will consist of relevant government agencies and private sector representatives. They will be tasked with suggesting ways to improve the laws to adapt to the changing environment.
Bahamas Told Bankman-Fried To Mint New Crypto As FTX Collapsed, Lawyers Say
Bahamas government officials worked closely with Sam Bankman-Fried and tried to help him regain access to key computer systems of bankrupt FTX Trading, lawyers for FTX said in a court filing before the failed crypto magnate was arrested on Monday.
Top US Lawmaker Says FTX Hearing Will Continue Without Sam Bankman-Fried
A hearing by the House Financial Services Committee on the collapse of crypto exchange FTX will go on as planned on Tuesday even without the firm's former CEO and founder Sam Bankman-Fried, who has been arrested. Bankman-Fried was taken into custody by Bahamas police late on Monday. As soon as the island nation got word that the U.S. had charged the former CEO, reportedly for fraud and money laundering, they arrested him, expecting a request for extradition. (Coindesk)
It's Stacking up: SEC to File Separate Charges Against FTX's SBF
On Dec. 12, the United States Securities and Exchange Commission (SEC) said it is preparing to file charges against Sam Bankman-Fried, which will be separate from the ones leading to his most recent arrest in The Bahamas. In a statement on Twitter, the SEC tweeted a quote from its division of enforcement director Gurbir Grewal on Dec. 12 stating that the agency has “authorized separate charges relating to his violations of securities laws.” (Cointelegraph)
Crypto Twitter Explodes Over the News of Sam Bankman-Fried's Arrest
Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon. On Dec. 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving notification from the United States government that criminal charges has been filed against him. (Cointelegraph)
New FTX CEO Says he Found “Unacceptable Practices” at the Exchange
John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX.com, said the company’s failure was caused by the “concentration of control in a very small group of grossly inexperienced and unsophisticated individuals,” in his testimony prepared ahead of Tuesday’s House Financial Services Committee hearing. (forkast)
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