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 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
Mar 30 Watch 5:09 News Wrap: 9 dead after 2 Army helicopters crash in Kentucky In our news wrap Thursday, nine U.S. Army soldiers were killed in a crash of two Black Hawk helicopters training in Kentucky, federal regulators are investigating a fiery train derailment in Minnesota, doctors say Pope Francis is showing marked improvement… Continue watching
Mar 28 Watch 6:50 News Wrap: Judge rules Pence must testify in DOJ’s Jan. 6 investigation By PBS NewsHour In our news wrap Tuesday, a federal judge has reportedly ruled that former Vice President Mike Pence must testify in the DOJ's Jan. 6 investigation, hundreds of thousands of people turned out again in France to protest raising the retirement… Continue watching
Mar 28 FTX founder Bankman-Fried charged with paying $40M bribe to Chinese officials By Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday. Continue reading
Mar 02 Amid value drops and increased regulation, what’s the future of cryptocurrency? By Anshu Siripurapu, Noah Berman, Council on Foreign Relations The dizzying rise of Bitcoin and other cryptocurrencies has created new challenges for governments and central banks. Increasing popularity and high levels of market volatility have raised the stakes of the digital asset experiment. Continue reading
Feb 09 FTX founder Bankman-Fried facing trial, keeps talking By Ken Sweet, Associated Press He was indicted in December and charged with perpetrating one of the biggest frauds in U.S. history — and he’s still talking, either in person or on the internet. Continue reading
Jan 03 Founder of cryptocurrency exchange FTX pleads not guilty to fraud By Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Continue reading
Dec 23 Judge kept plea deals by FTX executives secret to get founder Bankman-Fried to U.S. By Larry Neumeister, Associated Press A judge kept secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so the cryptocurrency entrepreneur wouldn't get spooked and fight extradition from the Bahamas to the United States. Continue reading
Dec 22 Watch 3:54 News Wrap: FTX founder charged with fraud released on $250 million bond In our news wrap Thursday, Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was released on $250 million bond as he awaits trial on charges of fraud and money laundering, the U.S. economy is showing more signs of strength despite… Continue watching