Though potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan to 15-25 years based on his case, according to some lawyers.
According to Do Kwon’s legal team, a Montenegrin High Court made a Feb. 21 ruling to extradite the Terraform co-founder to the United States “based on erroneous information.”
Crypto skeptic Elizabeth Warren suggested interest groups could “spend any amount of money needed” to attempt to stop her and Representative Katie Porter’s Senate runs.
The Financial Conduct Authority in the United Kingdom ordered the withdrawal or amendment of over 10,000 finance-related promotions last year.
Filings suggested that Genesis Global Holdco held roughly $1.6 billion worth of shares of Grayscale Bitcoin Trust, Grayscale Ethereum Trust and Grayscale Ethereum Classic Trust.
An unofficial tally reportedly showed Prabowo Subianto and Gibran Rakabuming Raka winning Indonesia’s presidential ticket with roughly 58% of the vote.
The SEC chair penned a letter to four members of the U.S. House of Representatives breaking down the timeline of the commission’s Jan. 9 SIM swap attack.
John Reed Stark suggested the NBA should prohibit crypto sponsorships, just as if a team partnered with “a heroin manufacturing firm or a blood diamond mining company.”
The U.S. Securities and Exchange Commission admitted to not being “accurate and candid” in its filings related to Debt Box, later petitioning the court to drop the case.
The information provided by Zipmex Thailand under the former CEO regarding assets in user Z Wallets was inconsistent with the Thai SEC’s investigation.
The exchange reportedly used Telegram influencers to promote its crypto services to South Korean users.
In a hearing of the House Financial Services Committee, Janet Yellen said there should be a regulatory approach on stablecoins applicable to all U.S. states.
According to the Fed, Farmington State Bank had winded down operations and “no longer functions as a bank” following the initial enforcement action.
According to the PCPD, any personal data — including information from iris scans — controlled by Worldcoin “must be collected for a lawful purpose.”
From the U.S. to South Asia, jurisdictions are creating a patchwork of crypto regulatory regimes, making international business harder. Europe, with its bloc-wide Markets in Crypto-Assets Regulation (MiCA), is different.
According to the Third Circuit, an independent investigation by an examiner will let the court “consider the greater public interest” in ruling on FTX’s reorganization plan.
Binance.US’ legal team will be allowed to address “whether a digital asset remains a security in perpetuity” and staking as a security in court.
Senators Ron Wyden and Cynthia Lummis questioned the SEC’s lack of multi-factor authentication and phishing-resistant hardware tokens for its X account.
From hacks to unnecessary delays to ungracious statements, the SEC chair has made few friends as he finally approves these in-demand BTC products for the first time.
Many speculated that the SEC chair had no choice but to approve the investment vehicle after a court-ordered review of Grayscale’s spot Bitcoin ETF application.
As of Jan. 9, Torrey Young and Marc Mukasey of Mukasey Young LLP said they represented the former FTX CEO.
Are you ready to talk about crypto investing with your clients? CoinDesk’s Kim Greenberg collaborated with Adam Blumberg and DJ Windle to provide a guide to getting “Digital Asset Ready” as this year is sure to be interesting.
The SEC has not decided on multiple pending spot Bitcoin ETF applications, with many in the space split on how the commission will handle the investment vehicle.
According to Coin Center executive director Jerry Brito, it’s “unclear how one can comply” with the crypto tax reporting guidelines in 2024.
The prime minister shared a video of himself being interviewed, created by scammers to promote “hands-free crypto trading.”
Many in the space monitored Sam Bankman-Fried’s criminal trial, but there are other figures potentially looking at prison time in the future.
FTX US acquired Embed for $220 million in June 2022, with the crypto exchange issuing two simple agreements for future equity to Sam Bankman-Fried.
Authorities said they found no evidence Kosta Kanchev, Antoni Trenchev, Trayan Nikolov and Kalin Metodiev committed money laundering, tax crimes, or computer fraud.
The commission acknowledged it had not been “accurate and candid” in earlier filings but said sanctions were not warranted, as its staff didn’t engage “in any bad faith conduct.”
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.