Testifying before the court, former Alameda CEO Caroline Ellison claims Sam Bankman-Fried "directed" her into committing the crimes, which include siphoning "several billions of dollars" from FTX customers.
Binance’s historical willingness to knowingly allow both Hamas and its sponsor Iran to utilize its platform because it boosted Binance’s bottom line now looks even more short-sighted.
Lawyers of Alex Mashinsky hinted they would argue digital assets are not securities amid a proposed plan to revive Celsius as NewCo after securing $450 million in funding.
The WFE stressed that exchanges not only function as trading platforms but also as broker-dealers, clearing houses, and custodians, which are against the regulated traditional finance sector.
Judge Analisa Torres set a trial date for April 23, 2024, for the remaining issues on the SEC v Ripple case, with both parties expected to submit pretrial filings by the end of the year.
The Securities and Exchange Commission argued that assets listed on Coinbase exchange clearly amount to securities under U.S. law.
Binance's Changpeng Zhao seems eager to clean his image to the public, even reportedly offering millions of dollars to author Michael Lewis to have the movie rights of "Going Infinite" buried.
Court-appointed liquidator Teneo announced that Su Zhu had been “apprehended at Changi Airport whilst attempting to travel out of Singapore following a committal order granted by the Singapore Courts against him.”
Police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of US$191.5 million in assets held on the exchange.
Do Kwon's lawyers claim that their client agreed to submit to the deposition, which was requested by the SEC to take place in October, if it would happen in Montenegro, where he is currently jailed.
The Winklevii argue that their mega-withdrawal from Genesis were personal funds, a claim that has yet to be proven and slammed by Gemini users whose funds were left on the collapsed exchange.
Recent reports allege that Binance had "entered into an agreement to sell the entirety of its Russia business to CommEX," an exchange that launched only the day before.
