Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4
Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal
Read MoreSam Bankman-Fried is found guilty of fraud, other crimes; PayPal
Read MoreAn upswing in a claim’s valuation signals an increase in the anticipated recovery worth. SBF’s inner circle – Caroline Ellison, Gary Wang, and Nishad Singh – might have to pay heavy penalties. On Thursday, November 2, the US court finally convicted FTX co-founder Sam Bankman-Fried of seven criminal charges. The
Read MoreIn recent developments, US authorities led by US Attorney Philip R. Sellinger successfully seized $54 million worth of Ethereum (ETH) from Christopher
Read MoreThe SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities. The United States Securities and Exchange Commission (SEC) counted another win in regulating the nascent crypto industry through a Coinbase Global Inc (NASDAQ: COIN) insider trading case. According
Read MoreNate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters. Original Source
Read MoreRandall Crater was found guilty of peddling a cryptocurrency scam. Source
Read MoreAsa Saint Clair was convicted of wire fraud for devising an investment scheme that swindled hundreds of thousands of dollars from more than 60 victims. Source
Read MoreIndicted by the United States Department of Justice in a $2.4 billion Ponzi scheme, BitConnect founder Satish Kumbhani remains untraced following conviction.In a court filing on Monday, the Securities and Exchange Commission said that the whereabouts of Kumbhani remains unknown. The SEC noted that Kumbhani’s last known location was in his
Read MoreLate Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance.From last November to this February, Composable Finance raised over $167 million through seed funding, as well as
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