Friday, March 29, 2024
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SBF’s Bahamian prison reported for ‘harsh’ conditions and ‘degrading treatment’ — US State Dept

After being denied bail in a Bahamas Magistrate Court, former FTX CEO Sam Bankman-Fried could spend up to two months in the country’s Fox Hill Prison, a facility with reported cases of physical abuse against prisoners and “harsh” conditions.Authorities in the Bahamas reportedly remanded Bankman-Fried to the medical wing of

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US Justice Dept Arrests Blockchain Company Official on Charges He Defrauded Firm of More Than $1M

According to the indictment, in 2018, Thapa agreed to receive and hold $1 million of his company’s money in his personal bank account while the firm explored other banking options. Thapa soon began using the funds on personal expenses such as nightclubs, travel and clothing, despite re-assuring the company that

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US Commerce Dept. asks digital asset industry for input on competitiveness framework

Among the numerous reports and other written material mandated in United States President Joe Biden’s March 9 executive order “Ensuring Responsible Development of Digital Assets” is a framework for enhancing United States economic competitiveness in digital asset technologies, due from the Commerce Department on September 5. In preparation for that

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401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release

ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act,

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The Dept. of Commerce has 17 questions to help develop a crypto framework

The US Department of Commerce is calling for submissions on how it can establish a framework that will bolster American economic competitiveness in digital assets including crypto and stablecoins.The Department of Commerce (DoC) intends on publishing a series of 17 questions in a request for comment through the International Trade

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US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency.According to a Friday opinion filing in U.S. District Court for the District of Columbia, the unnamed individual who is the subject of a criminal investigation by

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US Treasury Dept sanctions 3 Ethereum addresses allegedly linked to North Korea

The United States Treasury Department has added three Ethereum wallet addresses to sanctions allegedly linked to the hacker group responsible for the theft of more than $600 million in crypto from nonfungible token game Axie Infinity’s Ronin sidechain.In a Friday update, the Treasury Department’s Office of Foreign Assets Control, or

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