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Several former FTX executives have teamed up to help build a new cryptocurrency exchange in Dubai with a specific focus on what FTX failed to do — secure customer funds.Ex-FTX lawyer Can Sun is leading the way with Trek Labs, a Dubai-based startup that received a license to offer cryptocurrency
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Friday's proposal, which details how regulated firms must only put customer assets into an expanded list of the most liquid of investments, doesn't consider "the context of a non-intermediated clearing model where the DCO offers direct client access to its clearing services, without the FCM as an intermediary," said CFTC
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Sam Bankman-Fried’s Defense Argues Ex-FTX CEO Acted ‘In Good Faith’ In Emotional Closing Argument Original Source
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Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial Original Source
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Ex-FTX founder Sam Bankman-Fried’s criminal trial entered its third day on Oct. 5, with proceedings resuming at 10 a.m. in New York. During this session, the prosecutor continued to question the second witness, Adam Yedidia. Yedidia is a close college friend of Sam Bankman-Fried (SBF). They both went to MIT together,
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Adam Yedidia, Sam Bankman-Fried’s MIT buddy and former FTX developer, resumed his immunity-protected testimony on Oct. 5, sharing first-hand accounts of his tenure at the crypto exchange where he lived in a $35 million condo allegedly purchased with commingled customer cash. Department of Justice (DoJ) prosecutors filed a forfeiture notice for
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The United States Department of Justice (DOJ) says the lack of crypto rules in the U.S. doesn’t affect charges against ex-FTX CEO Sam Bankman-Fried (SBF). The DOJ has filed a motion to dismiss the argument that the absence of crypto regulations in the U.S. should affect the criminal charges against SBF,
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Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witness to the case, according to an Aug. 14
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Matthew Graham, Sino Global’s founder and CEO, was a close associate of Sam Bankman-Fried during FTX’s rise. Source
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The complaint, filed Tuesday, alleges Daniel Friedberg served as a "fixer," paying "exorbitant hush money" to would-be whistleblowers who threatened to expose the exchange's alleged misappropriation of user funds. He faces 11 charges, including legal malpractice, breach of fiduciary duty, corporate waste and several counts of fraudulent transfers, according to
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