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New indictment charges former billionaire with seven counts of conspiracy and fraudSam Bankman-Fried used stolen customer funds to make more than $100m in campaign contributions ahead of the 2022 US midterm elections, federal prosecutors said on Monday…
Lewis Kaplan says he has cause to believe defendant ‘had tried to tamper with witnesses at least twice’ since December arrestSam Bankman-Fried’s bail has been revoked ahead of his October fraud trial after prosecutors accused the indicted founder of th…
Lawsuit filed against FTX founder, 31, includes memo that detailed plans to purchase Pacific island in case world came to an endThe disgraced cryptocurrency mogul Sam Bankman-Fried, who founded the FTX exchange, had planned to purchase the small Pacifi…
Lawsuit by cryptocurrency exchange, which collapsed in November, is attempt to recoup assets sought by creditorsThe bankrupt cryptocurrency exchange FTX is suing its founder Sam Bankman-Fried and three other former executives for $1bn (£780m).FTX colla…
Asic did not assess cryptocurrency trading company’s fitness to hold a licence as it was obtained via transferGet our morning and afternoon news emails, free app or daily news podcastThe collapse of cryptocurrency trading company FTX while it held an A…
Regulators have been confused about whether cryptocurrency is a security or a commodity, but clarity appears imminentFor years, US financial regulators couldn’t agree on what to do about cryptocurrency. They wanted to do something, but couldn’t agree o…
Cryptocurrency exchange collapsed last year but assets worth $7.3bn have now been retrievedThe defunct cryptocurrency exchange FTX has recovered $7.3bn (£5.8bn) of customer funds and could be restarted as a going concern as soon as next year, the compa…
Bankman-Fried, 31, has already pleaded not guilty to eight counts over collapse of cryptocurrency exchange last yearThe FTX cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty on Thursday to new US criminal charges, which include consp…
FTX founder accused of conspiring to bribe Chinese officials with $40m worth of payments in new indictmentUS prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of now-bankrupt FTX cryptocurrency exchange of…
Wind-down and liquidation plan follows mass withdrawal of deposits after collapse of FTX exchange The cryptocurrency-focused US lender Silvergate is to wind down its operations after it was hit by customer withdrawals following the collapse of crypto e…