Caroline Pham says she called for public inquiry following the LUNA/UST collapse, which could have prevented the FTX collapse, but the inquiry never materialized.
Sam Bankman-Fried launched a Substack account and insisted that FTX's U.S.-facing exchange "remains fully solvent" and would "return all customers' funds."
The FTX's collapse is the final imperative for global lawmakers to enact a string of regulations in the digital asset sector, while the event also led to a tug-of-war game between two state agencies.
District Judge William Orrick says the Commodity Futures Trading Commission should serve a lawsuit against Ooki DAO founders Tom Bean and Kyle Kistner, as doing so would satisfy the law's requirements.
If convicted of eight counts of charges filed by the DOJ, Sam Bankman-Fried could see himself landing 115 years in prison.
In light of the recent FTX collapse, the U.S. Securities and Exchange Commission now wants U.S.-listed firms to disclose any ties to digital asset firms and the risks they have been exposed to.
DAOs are not decentralized as they claimed to be, according to Bitcoin Association’s Marcin Zarakowski, who noted that these entities are connected to those deploying them or benefitting from them.
Regulators in the United States believe regulating the digital currency market is key to preventing events such as the FTX collapse from recurring.
A district court in New York mandates Jeremy Spence to pay $2.8 million in connection with a Ponzi scheme involving digital assets such as BTC and ETH between December 2017 and April 2019.
NYSDFS' Harris claims that New York's regulatory initiatives on digital assets and related products proved to be effective in safeguarding investors, thus the need for it to be adopted nationwide.
Arbitraging.co claimed to have a highly advanced arbitrage bot that could execute seamless arbitrage ‘crypto’ trading, but it was all a hoax, says the CFTC.