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Ripple CEO Brad Garlinghouse: SEC ‘Weaponized the Lack of Regulatory Clarity,’ Threw ‘an Entire Industry Into Chaos’

[Jun 16, 2023 4:00 AM] Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the…

Double trouble: FTX founder Sam Bankman-Fried faces two criminal trials

[Jun 15, 2023 9:19 PM] A District Judge ordered a separate trial for the DOJ's charges against Sam Bankman-Fried which were added following his extradition to the U.S.

Judge will consider whether to try Sam Bankman-Fried separately for superseding charges: Report

[Jun 15, 2023 2:07 PM] Prosecutors said they were prepared to try SBF on his original eight-count indictment starting in October, with the remaining five charges to be decided by Judge Lewis Kaplan.

Judge Punts on FTX Founder Sam Bankman-Fried's Efforts to Dismiss Some Charges

[Jun 15, 2023 10:55 AM]

US prosecutors say SBF will be tried on original 8 criminal charges — for now

[Jun 15, 2023 1:46 AM] DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy.

U.S. Justice Department Agrees to Try Sam Bankman-Fried on Original Charges Only for Now

[Jun 14, 2023 10:50 PM] Prosecutors with the U.S. Department of Justice wrote late Wednesday night that they would agree to try FTX founder and former CEO Sam Bankman-Fried on only the original eight charges filed in January after a court in the Bahamas blocked the local…

Sam Bankman-Fried Can Contest Extra DOJ Charges, Bahamas Supreme Court Says

[Jun 14, 2023 1:24 AM] The FTX founder pleaded not guilty to fraud in the U.S. after being extradited from the Caribbean country.

SBF seeks to sever new charges from trial, says proceedings may take ‘years’

[Jun 13, 2023 2:16 PM] The U.S. cannot try Sam Bankman-Fried for the charges until a lengthy appeals process in the Bahamas has been exhausted, defense attorneys stated.

Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says

[Jun 13, 2023 12:23 AM] The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud.

Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns

[Jun 10, 2023 12:00 PM] In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients…

Kevin O’Leary doesn’t rule out criminal charges for Binance

[Jun 9, 2023 9:20 AM] In an interview with Cointelegraph, Kevin O’Leary said he wouldn’t rule out the possibility of more serious charges against Binance and its CEO, Changpeng Zhao.

Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees

[Jun 9, 2023 2:30 AM] African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees…

Ripple CEO Brad Garlinghouse: ‘The SEC Is Throwing Lawsuits at the Wall’

[Jun 9, 2023 1:00 AM] Brad Garlinghouse, the CEO of Ripple, has criticized the crypto “pro-innovation” stance of the U.S. Securities and Exchange Commission (SEC) and its recent lawsuits against significant exchanges like Coinbase and Binance. Garlinghouse…

FTX argues releasing ‘valuable’ customer list will harm its sale value

[Jun 8, 2023 11:35 PM] Releasing the nine million-strong list of customers would “impair” the ability to maximize value for FTX creditors, a banker for the exchange said.

Late Evidence In Criminal Trial Irks SBF, FTX Explores Options For AI Stock Sale

[Jun 7, 2023 11:00 AM] Former FTX CEO Sam Bankman-Fried (SBF) is still entwined in his legal battle over the FTX crisis. In a letter, SBF’s legal team stated that prosecutors are behind on deadlines for vital evidence to build their defense on numerous fraud charges. …

No More FTXs! Consensus 2023 Attendees Discuss Future of Crypto Custody

[Jun 7, 2023 7:00 AM] FTX's collapse reignites the self-custody debate with Consensus 2023 attendees in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.

SEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't sued

[Jun 7, 2023 12:16 AM] “Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.

SBF upset by criminal trial's late evidence while FTX seeks sale of AI stock

[Jun 6, 2023 10:47 PM] Over 3.6 million documents have yet to be produced by prosecutors in the criminal trial of Sam Bankman-Fried, according to his lawyers.

Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report

[Jun 6, 2023 7:45 AM] At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.

Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors

[Jun 5, 2023 3:42 PM] The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.

New York’s Met Museum Agrees to Return $550K in FTX Donations

[Jun 5, 2023 3:24 AM] The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse.

Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

[Jun 2, 2023 3:30 PM] This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.

SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense

[May 31, 2023 3:15 PM] The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.

Liquidators Of Sam Bankman-Fried’s Alameda Research Have Scavenged $110 Million Of Bitcoin After Losing Billions

[May 31, 2023 12:51 PM] Liquidators in charge of the recovery of assets for the now-disgraced Alameda Research hedge fund founded by Sam Bankman-Fried currently control over $110 million worth of bitcoin held in various wallets, according to a report supplied by…

Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say

[May 30, 2023 2:00 PM] The charges relating to Sam Bankman-Fried’s alleged bank fraud, operating an unlicensed money transmitter service and bribing Chinese officials may be dropped.

US district judge sends matter of FTX independent examiner to appellate court

[May 30, 2023 1:00 PM] A bankruptcy judge denied a motion for an independent examiner in February, leading to an appeal that may now go to the U.S. Court of Appeals for the Third Circuit.

FTX Examiner Appointment Referred to Court of Appeals by District Judge

[May 30, 2023 9:32 AM] The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost

U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say

[May 30, 2023 2:13 AM] Lawyers for the disgraced exchange executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues.

Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100

[May 29, 2023 11:30 PM] A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the crypto industry. FTX, a crypto exchange that has since gone out of…

Crypto exchange TrigonX latest to emerge from the FTX rubble

[May 29, 2023 10:12 PM] TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.