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“S&C’s disclosures as filed are wholly insufficient to evaluate whether S&C satisfies the Bankruptcy Code’s conflict-free and disinterestedness standards,” said Trustee Andrew Vara, a Department of Justice official responsible for bankruptcy cases. “The incomplete disclosures are a sufficient and independent reason to deny the application.” Source
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Saber, the stablecoin exchange and keystone of the brothers’ DeFi ecosystem, continues to operate: its website reported handling $4.4 million in trading volume in the last 24 hours at press time. Ian has worked to maintain that project’s infrastructure, though Saber’s Discord server, where users can go to ask questions
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The United States Department of Justice has officially notified the court handling the bankruptcy of BlockFi that it has seized assets as part of the criminal cases against crypto exchange FTX and its executives.In a Jan. 6 court filing, the Justice Department said it had seized 55,273,469 shares of Robinhood
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US prosecutors have created a website to communicate explicitly with the victims of disgraced ex-FTX boss Sam Bankman-Fried (SBF). The United States Department of Justice has established a website to cater specifically to victims of Sam Bankman-Fried (SBF), former CEO of FTX. The website opens communication channels between US prosecutors and
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The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders to Alameda Research,” the Justice Department noted. DOJ Urges Victims of SBF Fraud to
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The prosecutors with the DOJ's Eastern District of New York office have so far requested interviews and documents from DCG and Genesis, the report said, while the SEC appears to be in a similarly early stage of its own inquiry. The report, which cited people familiar with the matter, said
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The DoJ believes SBF engaged in a year-long fraud business that cost investors and customers billions of dollars.The United States Department of Justice (DOJ) is, ostensibly, preparing to seize and liquidate Sam Bankman-Fried’s (SBF) 56 million Robinhood Markets Inc (NASDAQ: HOOD) shares valued at approximately $465 million. Notably, SBF purchased
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Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes Source
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The arrest of Mango Markets exploiter has drawn reactions from the crypto community, particularly regarding the terms of the charges he faces.Mango (MNGO) markets exploiter, Avraham Eisenberg, was recently arrested in Puerto Rico on charges bordering on market manipulation and fraud. The arrest followed after the crypto investor took advantage
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Avraham Eisenberg was arrested in Puerto Rico on Dec. 26 on commodities fraud and manipulation charges relating to the $110 million exploit of the decentralized Mango Markets exchange. Eisenberg had self-identified as the actor behind what he called a “highly profitable trading strategy” and insisted that he had taken “legal
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