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Kang and two other executives – including his younger sister, Kang Ji-Yeon, the CEO of two publicly-traded Bithumb affiliates, Inbiogen and Bucket Studio – were charged by the Seoul Southern District Prosecutor’s Office with embezzlement, breach of trust, and fraudulent illegal transactions, according to local reports. Source
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The DOJ has ordered the arrest of Bitzlato founder Anatoly Legkodymov for allegedly aiding and abetting financial impropriety.According to reports, the FBI recently arrested Bitzlato founder Anatoly Legkodymov late Tuesday in Miami for allegedly laundering $700 million. Legkodymov’s apprehension comes as part of broader plans by the US Department of Justice
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After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s home in California, it has been reported that SBF was visited by the crypto advocate Tiffany Fong, and also the “Big Short” author Michael Lewis while he’s been on house arrest. Fong detailed she managed
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According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is not
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The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian court
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The arrest of European Parliamentarian and cryptocurrency proponent Eva Kaili has been labeled as a blow to the ecosystem by prominent blockchain industry participants.Kaili, one of 14 European Parliament vice presidents, was arrested and charged on Dec. 10 by Belgian prosecutors that are investigating allegations of corruption, money laundering and
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Mariotti said it is likely Bankman-Fried will be used as an example for why the digital asset industry needs more oversight. He said it is unlikely there will be any crypto-friendly regulation in the immediate future. Instead, he said, the industry may find itself facing “a lot of enforcement actions”
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Strap in folks: It’s a big week. Former FTX CEO Sam Bankman-Fried and current FTX CEO John J. Ray III were supposed to speak to the House Financial Services Committee. Obviously, things didn’t quite work out that way. Source
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With the former FTX CEO's arrest, the crypto market has now shifted its focus to improving macroeconomic conditions, analysts said. Original Source
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Bankman-Fried faces extradition to the United States from the Bahamas. Original Source
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