Crypto fraudster Bankman-Fried faces sentencing
Calling Bankman-Fried's seven-count conviction reflective of the defendant's "unmatched greed and hubris," the government's sentencing request argues for significant jail time in light of fraud it estimates at more than $10bn. A lengthy sentence is necessary to "protect the public," argued US Attorney Damian Williams, who characterized him as an...
Binance, crypto firm, hit with US charges for violating trade rules
The charge sheet accuses Binance of failing to uphold standards that are required of a company operating as a derivatives market and dealing with major US trading companies. Since July 2019, "Binance's compliance program has been ineffective," the statement said.
US SEC charges crypto firm owned by Winklevoss twins
The charges came as US officials crack down on the sector after the uproar caused by the bankruptcy of FTX and Alameda Research. Their founder, Sam Bankman-Fried, is accused of fraud after diverting funds deposited by millions of customers on his FTX platform, and transferring them without authorization to Alameda,...
US regulators warn banks over crypto risks
The joint statement comes after the sudden collapse of cryptocurrency platform FTX - worth $32 billion before it filed for bankruptcy in November - which sent chills across the sector. FTX's disgraced founder Sam Bankman-Fried has since been accused of committing one of the biggest financial frauds in US history,...FTX founder Sam Bankman-Fried arrested in the Bahamas
Nearly a month after the downfall of FTX, its founder Sam Bankman-Fried was arrested in the Bahamas at the request of the US. He is scheduled to appear before a US Congress hearing in which he is to testify under oath about the crypto exchange's sudden fall.
