FTX Used $200M of Client Funds for Two Venture Investments
According to the Securities and Exchange Commission (SEC), $200 million of FTX’s billions in customer deposits were invested in two businesses. Read CNL.
According to the Securities and Exchange Commission (SEC), $200 million of FTX’s billions in customer deposits were invested in two businesses. Read CNL.
SBF`s appearance on Monday may cause him to reconsider his decision to resist his extradition to the U.S., where he faces allegations of fraud.
A former SEC lawyer says that “it appears possible that former FTX employees were collaborating with authorities, most likely in exchange for leniency.”
The most recent power player vying for a slot to participate in an exchange-traded fund is Catherine Wood of Ark Investment Management (ETF). Read CNL.
Blockchain-based publishing platform LBRY announced its closure due to legal and SEC debts. Read CNL for more details.
The biggest stablecoin, Tether, has generated speculations since it hasn’t made its underlying paperwork available to the public.
Sam Bankman-Fried, the founder of FTX, allegedly covertly transferred $10 billion to an Alameda trading business on Friday night via a software “backdoor.”
The SEC claims they are looking into possible securities breaches involving FTX, FTX US, and founder and CEO Sam Bankman-Fried.
The amici briefs filed in the SEC vs Ripple case explains the harm that SEC will do if it gets its way, Says Ripple CEO Garlinghouse.
The transcript from the SEC vs LBRY hearing is now public. The Judge recognized LBRY’s consumptive use and asked hard questions of the SEC.
According to Attorney Jeremy Hogan, the parties have filed with the Court (under seal) reply briefs to each other’s motions for summary judgment on the XRP case.
According to Coinbase’s Chief Legal Officer, the SEC had no reason to deny Grayscale’s BTC ETF. After the BTC ETF rejection, Grayscale sued the SEC. Thousands of crypto advocates including Coinbase expressed their support for Grayscale. A couple of days after Grayscale filed a lawsuit against the US Securities and Exchange Commission (SEC), leading American crypto exchange Coinbase expressed its support. However, Coinbase Chief Legal Officer Paul Grewal highlighted that Grayscale did not seek any special favor during its filing of a bitcoin ETF, to begin with. Grewal pointed out that its support for Grayscale is based on the notion