The U.S. Securities and Exchange Commission (SEC) has filed a motion for summary judgment in its case against Terraform Labs and its co-founder, Do Kwon. The SEC alleges that Terraform and Kwon orchestrated a fraudulent scheme that resulted in a $45 billion market loss. The regulator claims that Kwon was a key participant in Terraform’s […]
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion in customer funds, which he used for speculative purposes and to fund an extravagant lifestyle. The verdict, delivered by the jury, has exposed Bankman-Fried’s true intentions and shattered the […]
Sam Bankman-Fried, the founder of FTX, has been found guilty of all charges brought against him in a trial in New York. This verdict has sparked reactions within the crypto community. Hayden Adams, the founder of Uniswap, acknowledged that while the guilty verdict was the right outcome, it doesn’t necessarily translate to a victory for […]
Former cryptocurrency mogul Sam Bankman-Fried has been found guilty on all charges after a month-long trial. The jury unanimously convicted him on seven counts of fraud, embezzlement, and criminal conspiracy. Bankman-Fried, once a young billionaire in the world of cryptocurrencies, was accused of misappropriating up to $10 billion by siphoning off customers’ money to his […]
Dogecoin co-creator Billy Markus, also known as Shibetoshi Nakamoto, has shared his perspective on the recent verdict in the case of Sam Bankman-Fried (SBF), the disgraced founder of FTX. Markus took to social media to shed light on the controversial aspects of the case and its implications for the cryptocurrency community.A jury has found SBF […]
The United States Securities and Exchange Commission (SEC) has challenged the jury’s decision regarding Terraform Labs’ alleged violations and is seeking a summary judgment on all claims. The SEC argues that Do Kwon, co-founder of Terraform Labs, should be held accountable for the company’s violations of Exchange Act Section 10(b) and Rule 10b-5. The SEC […]
Sam Bankman-Fried, the founder of FTX, a crypto exchange that collapsed last year, has been found guilty on all counts in his fraud trial. A federal jury convicted Bankman-Fried on seven criminal charges, including wire fraud, securities fraud, conspiracy, and money laundering. Prosecutors accused him of stealing billions in customer funds from FTX to cover […]
Former FTX CEO Sam Bankman-Fried has been found guilty of all seven charges in his criminal trial by a jury in New York. The charges include wire fraud, wire fraud conspiracy, securities fraud, commodities fraud conspiracy, and money laundering conspiracy. Bankman-Fried’s crimes carry a maximum sentence of 110 years in prison. Other key FTX executives […]
Ripple’s XRP token has gained approval from the Dubai Financial Services Authority (DFSA) under its virtual assets regime. This means that licensed virtual asset firms within the Dubai International Financial Centre (DIFC) area can now make use of XRP. Ripple, which has chosen the DIFC as its Middle East and North Africa (MENA) headquarters, expressed […]
A New York jury has begun deliberations in the trial of Sam Bankman-Fried, the CEO of FTX, who is accused of committing fraud. The prosecution argued that Bankman-Fried deceived FTX customers and acted improperly with their funds. They highlighted inconsistencies between his public image and private actions, as well as discrepancies in financial statements. The […]
