SEC Investigating FTX Investors’ Due Diligence: Reuters
The U.S. regulator is looking at whether financiers did their homework on a crypto exchange since accused of sloppy governance. Source
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Reuters
Ex-FTX Lawyer Cooperated With US Prosecutors, Reuters Reports, Citing Source Familiar
A former lawyer of Sam Bankman-Fried's bankrupt FTX crypto firm provided details of what he knew about the company's dealings during a meeting with officials of the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC), Reuters reported, citing a person
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US Prosecutors Look to Charge Binance and CZ on Possible Money Laundering Violations: Reuters
"As has been reported widely, regulators are doing a sweeping review of every crypto company against many of the same issues. This nascent industry has grown quickly and Binance has shown its commitment to security and compliance through large investments in our team as well as the tools and technology
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Canada’s Largest Pension Fund No Longer Mulling Crypto Investment: Reuters
Though declining to comment on the specific reasons, Reuters said CPPI pointed to comments made earlier this year by CEO John Graham: “You want to really think about what the underlying intrinsic value is of some of these assets and build your portfolio accordingly … So I'd say crypto is
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Sam Bankman-Fried Hires Mark Cohen as His Attorney: Reuters
Since the collapse of FTX, Bankman-Fried – against what might be typical legal advice to keep one's mouth shut – has submitted to extensive questioning in numerous forums, describing his actions as leader of the exchange as possibly stupid but not criminal. The stakes, though, have been upped somewhat of
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FTX Collapse Highlights Need for Global Crypto Regulations, Says US Treasury’s Adeyemo: Reuters
Deputy Treasury Secretary Wally Adeyemo said such regulations were important to ensure the protection of investors, consumers and financial stability. Source
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BlackRock CEO Larry Fink Says Firm Invested $24M in FTX: Reuters
Speaking at the New York Times Dealbook conference, Fink also said it looked like there were misbehaviors in FTX, but wouldn't speculate on whether BlackRock and venture-capital firm Sequoia, which had invested $214 million in FTX and has since marked that amount down to zero, were misled by FTX, Reuters
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Manhattan US Attorney's Office Opens Probe Into FTX Collapse: Reuters
The investigation is one of several probes into the now-bankrupt company's operations. Original Source
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FTX to Conduct Fundraise Next Week: Reuters
The raise could end up being for FTX International and FTX US combined. Original Source
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FTX Used Customer Funds Among Other Assets to Prop up Alameda Research in May: Reuters
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