SBF Had a Secret ‘Back Door’ to Transfer Billions: Report
Sam Bankman-Fried, the founder of FTX, allegedly covertly transferred $10 billion to an Alameda trading business on Friday night via a software “backdoor.”
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
Numerous employees in the enforcement division said Gary Gensler was seeking publicity amid the Kardashian case.
Kim Kardashian is charged by the US SEC for promoting EthereumMax Kim consented to the charges and will pay $1.26 million in fines. The predicament of Kim Kardashian is to serve as a lesson to other celebrities. Kim Kardashian has been charged by the Securities and Exchange Commission for promoting a crypto asset security issued and sold by EthereumMax on social media without reporting the compensation she got for the promotion. In exchange for dropping the accusations, paying $1.26 million in fines, disgorgement, and interest, and cooperating with the Commission’s continuing investigation, Kardashian agreed to settle the case. According to
An imposter that carries the name of Satoshi Nakamoto reportedly tried to deceive the SEC and Tim Draper. Read CNL to learn more.
Fox Journalist Eleanor Terrett said there are conflicts of interest in the SEC over the XRP lawsuit. Source of Terrett said Bill Hinman pushed the case, despite the SEC and Ripple being willing to settle. Atty. John Deaton was positive that they’ll get an investigation after midterms. The SEC vs Ripple’s XRP lawsuit once again built a commotion on Twitter, as Journalist Eleanor Terrett of Fox Business said there are “definite conflicts of interest” and a need to put an investigation over SEC members then and now. The commotion began after Bill Hinman, former director of the SEC’s Division of
A FOX journalist obtained a copy of former SEC Director Bill Hinman’s calendar. Hinman has met with people from the crypto industry, including those from Ethereum. If worse comes to worst, the SEC may consider Ethereum a security. It would appear that the skeletons in Bill Hinman’s closet during his tenure at the US Securities and Exchange Commission (SEC) are being unearthed in plain sight. Specifically, FOX journalist Eleanor Terrett has gotten a copy of Hinman’s calendar while he was still part of the SEC, and some entries are very interesting. According to Terrett, Hinman met personally with prominent people
The CFTC’s measures are being strongly opposed by its own commissioner. A lawyer complained at length about the SEC abusing CFTC`S tactic. Reportedly, Ooki DAO violated CEA and CFTC rules with impunity. After bringing a federal civil enforcement action against members of the decentralized autonomous organization Ooki DAO for digital asset trading violations, the Commodity Futures Trading Commission (CFTC) drew harsh condemnation from the community which was unexpected. The CFTC announced on September 22 that it had filed and simultaneously resolved charges against Tom Bean and Kyle Kistner, the creators of decentralized trading platform bZeroX, for their participation in “illegally