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The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and informing them about court proceedings.In a Jan. 6 filing, Assistant U.S. Attorney Danielle Sassoon requested the federal
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The United States Securities and Exchange Commission and Commodity Futures Trading Commission and prosecutors are reportedly investigating former FTX engineering director Nishad Singh for potentially having a role in defrauding investors and users.According to a Jan. 5 report from Bloomberg, U.S. officials are looking at individuals in former FTX CEO Sam
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Fourteen years after Bitcoin's Genesis block launched a profound disruption in financial services and other industries through the rise of blockchain technology, United States authorities are finally becoming more interested in cryptocurrencies' future and economic impact.On Dec. 14, the Financial Accounting Standards Board (FASB) discussed new accounting and disclosure requirements for
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The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange.According to a Jan. 4 report from Reuters, U.S. officials told a judge they were
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An organized crime group carried out the operation out of a call center in Tirana, Albania, Eurojust said. Victims were asked to create an account and transfer an initial sum, which showed an immediate financial gain. They were then contacted by the perpetrators posing as brokers "that proposed advantageous investments
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Tel Aviv's Magistrate Court has reportedly issued a ruling allowing Israel's government to seize all the crypto in more than 150 digital wallets that it hablacklisted for allegedly funding terrorist groups. According to a Dec. 18 local Israeli media report, Israeli Defense Minister Benny Gantz says the court's Dec. 15 ruling has
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A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first.In a Dec. 16 hearing for FTX Trading’s bankruptcy proceedings, White & Case partner Jason Zakia said allegations
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Ryan Salame, the co-chief executive of FTX's Bahamas entity, called FTX Digital Markets, told the Bahamas Securities Commission on Nov. 9 that "clients’ assets which may have been held with FTX Digital were transferred to Alameda Research," according to a letter to the Bahamas Police Commissioner disclosed this week. This
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“An ‘EU crypto tax’ is not on the cards,” Markova said, with any tax law needing unanimous agreement of 27 finance ministers, but added that, politically speaking, “it will be difficult to argue that the proposal should be any less expansive in scope or granularity than it is.” Original Source
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Former FTX chief executive officer Sam Bankman-Fried has reportedly hired Mark Cohen, a former federal prosecutor, to act as his defense attorney.According to a Dec. 6 report from Reuters, Bankman-Fried's spokesperson Mark Botnick said the former FTX CEO has retained Cohen amid a flurry of civil litigation from investors in
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