Cryptocurrency Analysis and News Portal
The first half of Friday's testimony was basically "A History of FTX, presented by Samuel Bankman-Fried." For those following the case over the past year, nothing new. For those of us who have been tracking FTX since its founding, maybe a bit of useful detail but basically really nothing new.
Read More
The FTX app and terms of service both told customers that the money they put on the exchange was being kept for them "as if they were sitting right there" – but, in reality, Bankman-Fried diverted those funds to "smaller and secretive company" called Alameda Research and spent them on
Read More
Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8. In a letter sent to United States Attorney General Merrick, senators Elizabeth Warren and Chris Van Hollen asked the Justice Department to
Read More
To prove his point, Schetty attached a partially redacted email chain that began on July 19, 2021, between Brian Schroder, the CEO of Binance US, and Tushar Patel, the vice president of finance at WazirX, about an amended “share purchase agreement.” Source
Read More
The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New York on Thursday. The CFTC claimed in the civil suit that Gemini made false or misleading statements to the CFTC in 2017 during in-person meetings and in documents,
Read More
Randall Joseph Smail faces up to 30 years in prison for lying to a bank about having $640,000 in bitcoin to get a loan. Source
Read More