Self-Custody Is the Antidote to FTX’s Fraud
And Senator Warren’s proposed bill would make transacting with self-hosted wallets much more difficult, says Representative Warren Davidson. Original Source
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Fraud
Silvergate Stock Drops 7% after Lawsuit Accuses Bank of Participation in FTX Fraud
Morgan Stanley’s analysts downgraded Silvergate stock from “equal weight” to “underweight” last week.Silvergate Capital Corporation (NYSE: SI) stock closed Monday trading at $17.61, down 7.59 percent from the day’s opening price. The dip extended during the after-hours trading session following a lawsuit filed against Silvergate’s role in the FTX collapse.
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Onecoin Co-Founder Pleads Guilty to Fraud Charges in US – Bitcoin News
Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in Thailand and extradited to the United States. Cryptoqueen’s Partner at Onecoin Admits Role
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Indictment against SBF unsealed, contains 8 counts of financial and elections fraud
The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams, is 14 pages long and containe eight counts. The charges listed against SBF in the indictment are: Conspiracy to commit wire fraud on customers, wire fraud
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US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse – Bitcoin News
According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house of cards on a foundation of
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CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud
The United States Commodity Futures Trading Commission, or CFTC, has filed a lawsuit against Sam Bankman-Fried, FTX and Alameda Research, claiming violations of the Commodity Exchange Act and demanding a jury trial.According to court records filed Dec. 13 in the Southern District of New York, the CFTC filed a complaint
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FTX Founder Sam Bankman-Fried Formally Charged With Conspiracy, Fraud in US Court
U.S. prosecutors revealed a litany of charges against Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, including wire fraud, conspiracy to commit money laundering and campaign finance violations early Tuesday. Source
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CFTC Plans to Sue Sam Bankman-Fried for Fraud: Report
The report comes after the SEC filed charges against Bankman-Fried for defrauding FTX investors. Original Source
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US Justice Department Trustee Calls for FTX Fraud Allegations to be Examined
"An examiner could—and should—investigate the substantial and serious allegations of fraud, dishonesty, incompetence, misconduct, and mismanagement by the Debtors," DOJ Trustee Andrew R. Vara said in the filing, which sought a court order approving a neutral examination. Original Source
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London Court Orders Six Crypto Exchanges to Share Client Details to Assist in $10.7M Fraud Case
London's High Court has ordered six cryptocurrency exchanges, which includes Binance, Coinbase, Luno and Kraken, to disclose client information to help trace $10.7 million that was stolen from a U.K.-based exchange in 2020, according to a court judgement shared with CoinDesk. Source
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