1 / 1 Relevant items tagged with #Investigations
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An Adderall Shortage and No Vegan Meals — Former FTX Boss Struggles With Jail Life
[Aug 23, 2023 8:30 AM] After Sam Bankman-Fried, once the head of FTX, petitioned the court for a five-day-a-week release from incarceration, the overseeing judge swiftly denied the plea. On Tuesday, Bankman-Fried pleaded not guilty in response to the most recent charges…
‘Our Country Is Going to Hell’ — Trump Warns of US Losing Global Currency Dominance
[Aug 17, 2023 12:00 PM] The 45th president and previous White House occupant, Donald Trump cautions that America is in danger of losing its global influence. In an interview with Larry Kudlow, Trump stated while the U.S. retains significant power, its position is “waning”…
Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors
[Jul 22, 2023 11:30 AM] Canadian law enforcement reports that affluent cryptocurrency investors have become targets of home invasion-style robberies. Both Delta Police and Royal Canadian Mounted Police in Richmond have issued warnings after having dealt with multiple…
CZ Says News of Exec Departures at Binance Is FUD
[Jul 9, 2023 12:00 AM] Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing…
Top Binance Execs Leave Company Over CZ’s Handling of DOJ Investigation: Report
[Jul 6, 2023 3:59 PM] Three senior officials left the exchange this week, a source told Fortune.
Republican Congressman Seeks to Oust SEC Chair Gensler With SEC Stabilization Act
[Jun 12, 2023 8:30 PM] Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the…
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
[Mar 28, 2023 11:30 AM] Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government…
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
[Feb 17, 2023 2:30 AM] PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the…
SEC-retly Failing: How the SEC Is Letting Crypto Down
[Feb 16, 2023 2:30 AM] When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the…
Binance readies checkbook for potential fines from US regulators: Report
[Feb 15, 2023 10:44 PM] The world’s largest crypto exchange wants to resolve outstanding investigations with U.S. regulators.
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say
[Dec 19, 2022 1:00 AM] Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use…
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
[Nov 19, 2022 7:00 AM] Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in…
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
[Nov 16, 2022 6:30 AM] The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been…