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Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF

[Nov 15, 2024 4:29 AM] President-elect Donald Trump said former Securities and Exchange Commission Chair Jay Clayton would be his U.S. Attorney for the Southern District of New York, heading up the state's Department of Justice branch.

US prosecutors oppose Mango Market exploiter's motion for acquittal

[Sep 19, 2024 9:48 PM] Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets' insurance fund to ensure users retained their money.

FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets

[Jun 18, 2024 2:14 AM] FTX's victims are seeking a court hearing to rule on their claim that all the failed crypto exchange's forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.

U.S. Charges Three in Connection With Evolved Apes NFT Scam

[Jun 6, 2024 3:00 PM] Evolved apes was a $3 million NFT rug pull that lured investors in with the promise of developing a video game.

Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing

[May 30, 2024 10:04 AM] Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.

Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps

[Apr 4, 2024 6:07 AM] The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."

Coinbase and SEC Dig in With U.S. Judge on Whether Securities Law Applies to Listings

[Jan 17, 2024 3:38 PM] The U.S. Securities and Exchange Commission (SEC) case against Coinbase delves into a ton of complexity, but before anything else, a judge has to decide whether transactions in about a dozen tokens traded on the U.S. exchange were securities.

Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal

[Jan 16, 2024 2:25 PM] Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next…

FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto

[Nov 16, 2023 12:43 PM] Three men duped New York-area banks into shelling out more than $10 million and tried to make off with the money by converting it to crypto, U.S. Attorney Damian Williams said Thursday in a statement.

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.

Sam Bankman-Fried needs more Adderall to focus during trial, say lawyers

[Oct 15, 2023 7:36 PM] Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial.

Ripple vs. SEC — Respite for a Beleaguered Industry

[Jul 25, 2023 2:30 PM] On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange…

Ripple’s XRP Token Surges 96% After Partial Victory in SEC Lawsuit

[Jul 13, 2023 10:44 AM] XRP climbed as high as 64 cents at one point, its highest level since May.

US Authorities Extradite UK Citizen Behind 2020 Twitter Hack, SIM Swap Crypto Theft

[May 9, 2023 7:30 PM] Twenty-three-year-old Joseph O’Connor, known by his handle PlugWalkJoe, was arrested in Spain in 2021.

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

[Mar 14, 2023 8:00 AM] The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from…

US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access

[Mar 5, 2023 2:30 PM] The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY…

Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors 

[Feb 17, 2023 6:30 PM] Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter…

SBF’s lawyers move to block release of bail guarantors' identities

[Feb 7, 2023 7:25 PM] The appeal, filed on the last possible day, prevents the names of two bond guarantors for SBF from being revealed until at least Feb. 14.

US Feds put together ‘FTX task force’ to trace stolen user funds

[Jan 3, 2023 9:00 PM] United States Attorney Damian Williams said the office is working “around the clock” to respond to the implosion of FTX.

FTX Co-Founder Faces ‘No-Nonsense’ Judge Next Week, Report Says SBF ‘Expected to Enter a Plea’ in Fraud Case

[Dec 28, 2022 4:35 PM] According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S…

Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019

[Dec 23, 2022 4:30 PM] On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of…

SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security

[Dec 22, 2022 4:00 PM] On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key…

3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora

[Dec 22, 2022 11:30 AM] On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed they imposed fraud charges against FTX co-founder…

FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds

[Dec 21, 2022 9:04 PM] On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that…

Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges

[Dec 21, 2022 8:38 PM] Both former executives of FTX and Alameda Research have been charged for their role in the frauds that led to FTX's collapse.

SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’

[Dec 14, 2022 9:00 AM] On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the…

It's stacking up: SEC to file separate charges against FTX's SBF

[Dec 12, 2022 10:31 PM] SBF has finally been slapped with criminal charges and will be extradited to the U.S., once there, he will have to face separate charges from the SEC.

U.S. Trustee: FTX was the 'fastest' corporate failure in American history, calls for probe

[Dec 1, 2022 10:55 PM] The Department of Justice's U.S. Trustee overseeing FTX’s bankruptcy case has moved for the court to appoint an independent examiner.