Cryptocurrency Analysis and News Portal
The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing made late March 3 shows. According to the proposal submitted to District Judge Lewis Kaplan of the Southern District of New York, Bankman-Fried should be prohibited from using smartphones, tablets,
Read More
Bankman-Fried’s laptop will be restricted to a whitelist of approved websites, including news, sports, Wikipedia and the U.S government, and his use of video games and other connected applications should be restricted, U.S. Attorney Damian Williams said in a filing that said it was made “on behalf of the parties,”
Read More
The stock of beleaguered crypto bank Silvergate has taken a new hit as the company weathers intense regulatory inquiries over its FTX association. Silvergate (NYSE: SI) stock plunged more than 10% in after-hours trading after the crypto-friendly bank revealed it might face regulatory inquiries. Yesterday, Silvergate Capital also announced
Read More
The Silvergate filing continued: "There are or will be important factors that could cause the Company’s actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to ... restrictions on the Company’s business, resulting from various litigation (including private litigation) and regulatory and other
Read More
While the current subject of the probe into Silvergate Bank appears speculative at this time, there is a deep tie between the financial institution and FTX.The shares of American financial services giant Silvergate Capital Corp (NYSE: SI) have plunged by 13.16% to $18.21 in the Pre-Market after reports emerged that
Read More
Crypto bank Silvergate is reportedly being probed by the United States Department of Justice fraud unit over its involvement with the bankrupt FTX exchange and its affiliates.The probe is investigating Silvergate’s hosting of accounts linked to former FTX CEO Sam Bankman-Fried’s businesses, according to “people familiar with the matter” as
Read More
Shares of Silvergate Capital (SI) fell sharply after the market close on Thursday following the publication of a Bloomberg article that the U.S. Department of Justice’s fraud unit was looking into the crypto bank’s dealings with the now-bankrupt FTX and Alameda Research. Source
Read More
“[Miller] participated in Signal and Slack communications with the defendant and a small group of company insiders during the relevant events of November 2022,” prosecutors said. “In those messages, among other things, [Bankman-Fried] gave instructions for liquidating Alameda’s investments to satisfy FTX customer withdrawals, and indicated that he transferred approximately
Read More
Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was cofounded in 2016 by recently arrested Russian national, Anatoly Legkodymov.According to a Russian source, Anatoly Legkodymov is the owner of 73.4% of Bitzlato,
Read More
Bitcoin has slumped back to $20,880 just hours after surging to a four-month high of $21,550. Source
Read More