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"The function of the jury is to decide questions of fact," the DOJ's proposed questions suggested the judge say. "You are the sole judge of the facts and nothing that the Court or the lawyers say or do may encroach in any way on your role as the exclusive fact-finder.
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Tron founder and Huobi shareholder Justin Sun is considering buying FTX’s assets amid potential asset liquidation by the bankrupt crypto exchange. Tweeting on Monday, Sept. 11, Just Sun said that he is “contemplating an offer for FTX’s holding tokens and assets to reduce their selling impact on the crypto community.” Sun’s tweet
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Department of Justice (DOJ) is scrutinizing the advertising strategy of the now-bankrupt crypto exchange, FTX. This scrutiny comes in light of advertisements featuring celebrities Larry David and Tom Brady. According to the DOJ, it did
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied FTX creditors are looking to expedite bankruptcy proceedings as legal fees are becoming increasingly expensive, possibly eating into the money paid to creditors. While attorneys of FTX are working towards recovering what remains of the once global
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Sam “SBF” Bankman-Fried, the former CEO and co-founder of crypto exchange FTX, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report. The latest court proceedings against SBF were heard by Magistrate Judge Sarah Netburn. The former FTX CEO was
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Tuesday's arraignment comes amid requests from the defense team to let Bankman-Fried meet with his attorneys and internet-enabled laptops at the U.S. Attorney's office every weekday. Judge Lewis Kaplan, who is overseeing the case, ruled Monday that Bankman-Fried could meet with his attorneys until 3:00 p.m. EDT today at the
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United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried.The lengthy 100-page Aug. 21 filing breaks down how prosecutors would like presiding Judge Lewis Kaplan to instruct the jury in Bankman-Fried’s case based on previous jury instructions the
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Despite criticizing the U.S. Trustee as the "sole objector to the Motion" seeking to "inject itself into a routine settlement process that is already adequately safeguarded by two different creditor committees," the debtors motion said it was proposing revisions in an effort to address the concerns. Source
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BTC’s price slipped below $26,000 Friday afternoon after a rally toward $27,000 – which erased some of Thursday’s sharp decline – fizzled. The largest cryptocurrency by market capitalization had plummeted to $25,392 Thursday afternoon, hitting its lowest price since mid-June, amid cascading liquidations of leveraged trading positions. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Federal Reserve (Fed) has taken enforcement action against Farmington State Bank, based in Washington, and its parent company, FBH Corporation. This action follows undisclosed changes to the bank’s business plan. Previously known as Moonstone Bank, the bank
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