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What's Next for Sam Bankman-Fried's Legal Case?

[Nov 7, 2023 5:00 AM] The story of "United States v. Sam Bankman-Fried" isn't quite over yet. Now that he's been found guilty on seven different charges, a few different things are going to happen.

Ben 'Bitboy' Armstrong Calls Himself a Victim in Latest Court Filing

[Nov 7, 2023 3:52 AM] The infleuncer formerly known as Bitboy has filed a lawsuit against several executives at his former employer alleging threats and coercion, and is asking for his Lamborghini back.

Indian Police Arrest 8 More in $300M Crypto Scam: Report

[Nov 6, 2023 11:37 AM] As many as 18 people, including four cops, have been arrested so far, while the alleged kingpin, Subhash Sharma, remains at large.

UK Financial Watchdogs Publish Plans to Regulate Stablecoins

[Nov 6, 2023 3:27 AM] The U.K. government published plans for regulating crypto last week.

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

[Nov 6, 2023 12:30 AM] Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser.

Hong Kong Now Considering Spot Crypto ETFs for Retail Investors: Bloomberg

[Nov 5, 2023 9:35 PM] The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.

Crypto Trader Avi Eisenberg's $110M Fraud Trial Delayed Until April 2024

[Nov 3, 2023 4:18 PM] Crypto trader Avi Eisenberg's trial will start in April 2024 after defense and prosecutors agreed to delay the proceeding, first scheduled for December.

Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

[Nov 3, 2023 12:03 PM] The U.S. Commodity Futures Trading Commission (CFTC) proposed a rule change Friday on how customer funds should be invested by firms the agency oversees – futures commission merchants (FCMs) and derivative clearing organizations (DCOs).

'Unanimous Verdict, Your Honor': Sam Bankman-Fried's Conviction Was Inevitable

[Nov 3, 2023 4:00 AM] Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm's Matt Huang and Third Point's Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn't…

SEC Asks Court for Summary Judgement Against Do Kwon, Terraform

[Nov 2, 2023 10:31 PM] The request follows a move by Kwon's defense team to do the same.

Sam Bankman-Fried Prosecutor Promises 'Handcuffs for All' Crypto Crooks

[Nov 2, 2023 8:49 PM] Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.

Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

[Nov 2, 2023 5:49 PM] A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX's operation and collapse.

Prisoners’ Dreams to Stash $54M in Crypto in Exotic Locales Dashed as Feds Grab Them for Treasury

[Nov 2, 2023 4:11 PM] Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement.

Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing

[Nov 2, 2023 1:29 PM] Despite a raging online debate discrediting the scale of crypto support for terrorist groups, the story continues to resonate in important places. Most recently on Thursday, the ranking Democrat at a hearing in the U.S. House of Representatives…

Will Hashdex's 'Undeniable' Distinctions Help Win Bitcoin ETF Race? Some Analysts Think So

[Nov 2, 2023 11:18 AM] ETF analysts watching the spot-bitcoin ETF race appear to be backing Hashdex's modified application more than any other.

Abu Dhabi Enacts DLT Framework for DAOs, Web3, TradFi Firms

[Nov 2, 2023 10:29 AM]

Sam Bankman-Fried Lambasted by Prosecutor Right Before Jurors Begin Deciding His Fate: SBF Thought 'He Could Fool the World'

[Nov 2, 2023 10:10 AM] A verdict in the SBF trial could come before the end of Thursday – on the first anniversary of the CoinDesk scoop that caused his empire to crumble.

U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy

[Nov 2, 2023 9:21 AM] As the U.S. Securities and Exchange Commission (SEC) Chair keeps chasing non-compliance in crypto, his agency was slammed by the watchdog Government Accountability Office (GAO) for its own compliance failure in issuing crypto accounting standards…

Hong Kong Will Allow Some Tokenized Securities-Related Activities

[Nov 2, 2023 6:34 AM] The move appears to be another step in Hong Kong's recently accelerated ambitions to become a virtual asset hub.

UK Regulator Publishes Guidance for Crypto Marketing Regime

[Nov 2, 2023 5:07 AM] The Financial Conduct Authority’s new ad regime took effect in October.

UK's National Crime-Fighting Agency Seeks Six Crypto Investigators

[Nov 2, 2023 5:02 AM] A crime bill passed last week gives law enforcement agencies more powers to seize and freeze crypto.

PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

[Nov 2, 2023 4:47 AM] Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday.

The Case Against Sam Bankman-Fried

[Nov 2, 2023 4:00 AM] Is Sam Bankman-Fried going to prison? Five weeks into his criminal trial, 12 randomly selected New Yorkers are preparing to discuss among themselves whether they believe he violated federal law or not.

Genesis’ New Liquidation Plan Is a Material Swerve, U.S. Government Says

[Nov 2, 2023 2:44 AM] The bankrupt crypto lender appears to be no longer seeking to reorganize, after a lawsuit from the New York Attorney General dimmed hopes of a deal.

Crypto at the Center of $300M Fraud Case in China

[Nov 1, 2023 11:49 PM] 21 people were sentenced in a case involving converting 'dirty' USDT to RMB.

Sam Bankman-Fried on Verge of Tears as His Lawyer Concludes Defense

[Nov 1, 2023 5:01 PM]

Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

[Nov 1, 2023 4:42 PM] Prediction market Kalshi is suing the U.S. Commodity Futures Trading Commission (CFTC) for denying its effort to list derivatives for betting on the outcome of political events – specifically which party will control each chamber of the U.S…

SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC

[Nov 1, 2023 11:01 AM] The Securities and Exchange Commission (SEC) has charged SafeMoon and its executive team with perpetrating a fraudulent scheme through an unregistered securities sale.

'A Pyramid of Deceit': Prosecutors Begin Closing Argument in Sam Bankman-Fried Fraud Trial

[Nov 1, 2023 9:36 AM] Prosecutors are hoping the four-week case will lead to a conviction on seven charges.

PayPal UK Unit Registers as Crypto Service Provider

[Nov 1, 2023 7:33 AM] The payments firm will now be able to offer services and approve crypto-related communications in the country.