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US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

[Aug 8 6:05 PM] A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of…

TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit

[Apr 2 3:14 AM] The TRON Foundation and Justin Sun asked a New York court to dismiss an SEC lawsuit, arguing that the regulator failed to establish that the court has jurisdiction over the foreign defendants.

Founders of Crypto Mixer Tornado Cash Accused of Laundering $1 Billion

[Aug 24, 2023 3:00 PM] The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide…

Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed

[Aug 10, 2023 10:00 PM] Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent…

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…

Silk Road Advisor Sentenced to 20 Years in Prison While a Rogue Double-Agent Eludes Capture

[Jul 12, 2023 8:00 AM] On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk…

SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value

[Mar 17, 2023 10:30 AM] On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB)…

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

[Mar 13, 2023 6:47 PM] The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.

Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud

[Feb 16, 2023 5:41 PM] The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities…

SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude

[Feb 14, 2023 9:30 AM] Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US…

FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers

[Jan 28, 2023 11:30 AM] Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions…

Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter

[Jan 13, 2023 3:30 PM] The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash…

Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York

[Jan 10, 2023 2:30 PM] U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met…

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.

Mango Markets exploiter arrested on fraud charges — Maybe it WAS illegal

[Dec 27, 2022 6:59 PM] The Mango Markets exploiter previously called his attack on the crypto exchange “legal open market actions.”