Oct 27 In court, FTX's Sam Bankman-Fried denies he took customers' funds but acknowledges that people got hurt By Ken Sweet, Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried is testifying at his fraud trial saying he hoped would move the cryptocurrency ecosystem forward but ended up doing the opposite and hurting customers. Continue reading
Oct 26 FTX founder Bankman-Fried testifies outside jury's presence as judge decides what he can say By Larry Neumeister, Associated Press Sam Bankman-Fried got a test run at testifying at his New York criminal trial when a judge sent jurors home but let him demonstrate portions of his testimony before deciding what jurors will hear on Friday. Continue reading
Oct 07 FTX co-founder tells jury Sam Bankman-Fried stole customer funds from the beginning By Ken Sweet, Larry Neumeister, Associated Press Sam Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the exchange's earliest days, FTX's co-founder Gary Wang told a New York jury on Friday. Continue reading
Oct 03 Jury selection begins in trial of fallen FTX founder Sam Bankman-Fried By Larry Neumeister, Associated Press Jury selection started Tuesday morning after a prosecutor revealed that the 31-year-old crypto executive was not offered any plea deals, and there were no discussions about a possible plea since his arrest last December. Continue reading
Aug 23 Founders of crypto mixer arrested, sanctioned after U.S. cracks down By Fatima Hussein, Associated Press Treasury's Office of Foreign Assets Control has sanctioned Roman Semenov, one of the three co-founders of Tornado Cash, for allegedly supporting the North Korean hacking organization, Lazarus Group, among other things. Continue reading
Aug 11 FTX founder Sam Bankman-Fried jailed after judge revokes bail in crypto fraud case By Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him. Continue reading
Jun 17 Under court deal with SEC, Binance can continue U.S. operations amid fraud suit By Frank Bajak, Associated Press The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world's largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges. Continue reading
Jun 05 Cryptocurrency exchange Binance mishandled funds and violated securities laws, SEC lawsuit says By Fatima Hussein, Associated Press Filed in the U.S. District Court for the District of Columbia, the SEC lawsuit on Monday lists thirteen charges against the firm — including commingling and diverting customer assets to an entity Zhao owned called Sigma Chain. Continue reading
May 16 Cryptocurrency rules get final approval to make Europe a global leader on regulation By Associated Press The tighter European scrutiny follows a spate of high-profile crypto scandals including the collapse of trading firm FTX and the implosion of the TerraUSD stablecoin. Continue reading
May 09 FTX founder Sam Bankman-Fried seeks dismissal of criminal charges By Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues. Continue reading