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Crypto exchange Coinbase is throwing its support behind plaintiffs seeking to remove sanctions imposed by the United States government on Tornado Cash, a privacy-focused cryptocurrency mixer. Six U.S. citizens, Joseph Van Loon, Tyler Al-meida, Alexander Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch, have filed a lawsuit against the United
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“Consummation of the plan by April 13 is necessary to preserve massive creditor value,” said a filing by Voyager’s creditors. “The evidence is uncontroverted that, if the deal is not completed, Voyager’s creditors will lose roughly $100 million in value.” Source
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Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the
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Sam Bankman-Fried (SBF), the founder of fallen crypto exchange FTX, has been paying for his legal defense with millions of dollars that he allegedly gave to his father using money from Alameda Research. The multi-million dollar donation financed by an Alameda loan was handed to SBF’s father, Joseph Bankman, a Stanford
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Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee.As per previous reporting by Cointelegraph, Bankman-Fried’s lawyers had filed a motion on March 15 seeking to have his court costs covered by directors
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Bitcoin (BTC) has added almost 72% to $28,500 this year, its best quarterly gain in two years, CryptoX data shows. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Binance’s on-chain balance remains high, despite U.S. regulators charging Binance for violating U.S. federal law this past week. Braden Perry, Kennyhertz
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According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading
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Paul Grewal says it’s clear the agency is undertaking a great effort to understand what is happening at the largest crypto exchange by trading volume. Source
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Former FTX chief executive officer Sam Bankman-Fried, also known as SBF, is reportedly funding the legal team defending him against federal charges with millions of dollars he gifted his father from Alameda Research.According to a March 29 Forbes report citing sources with “operational knowledge” of FTX and Alameda, in 2021
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The commodity futures trading commission (CFTC) has initiated legal action against leading cryptocurrency exchange Binance for allegedly violating the Commodity Exchange Act by operating without proper registration and compliance measures. The commodity futures trading commission (CFTC) has recently initiated legal proceedings against Binance, one of the world’s largest cryptocurrency exchanges, over
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