Senate committee digs into the burst FTX bubble
Wednesday's Senate hearing on the FTX debacle saw groups of speakers clash on whether there is a need to regulate the digital asset class or stop governments from interfering with the market.
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Kurt Wuckert Jr. on FOX Business: FTX scandal is crystal clear lawbreaking
Reappearing on FOX Business, Kurt Wuckert Jr. says governments should work on imposing existing regulations instead of creating a new agency or protocols to oversee the digital asset sector.
Binance denies solvency issues as exchange endures record outflow
Kevin O’Leary described FTX and Binance as “two behemoths that owned the unregulated market” for exchanges and “were at war with each other and one put the other out of business—intentionally.”
2022: A year in regulation
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.
FTX Japan granted 3-month extension on its business suspension
FTX Japan had been ordered to shut down its services, but an FSA extension pushes this to March as customers continue to wait for their funds.
The utter failure of corporate controls at FTX: CEO John Ray III testifies before US Congress
CEO John J. Ray III tells lawmakers that what separates FTX's bankruptcy from other exchanges that went insolvent is that the former lacked record-keeping, making it seem like its crimes were “not sophisticated at all.”
The uncertain liabilities of digital asset advertising
Advertisements should be honest and truthful than the 'endorsing' celebrity, and advertisers are subject to liability if proven otherwise, according to the U.S. Federal Trade Commission guidelines.
3 US agencies throw the fraud book at FTX’s Bankman-Fried
If convicted of eight counts of charges filed by the DOJ, Sam Bankman-Fried could see himself landing 115 years in prison.
FTX’s Sam Bankman-Fried arrest spells doom for Tether and Binance
Following his arrest in the Bahamas, SBF will have to face charges brought against him, with former FTX CEO John Ray III set to testify in court over the exchange's collapse.
Binance to US authorities: Prosecute us and ‘crypto’ will collapse
Binance is reportedly ramping up its legal department amid a DOJ probe and a slew of charges tied to the exchange's alleged money laundering conspiracy and breach of criminal sanctions, among others.
Bankman-Toast? FTX CEO arrested in Bahamas, faces US extradition
Sam Bankman-Fried has been arrested by authorities in the Bahamas and is now awaiting extradition to the US to face several charges tied to the FTX's collapse.
Celsius Network ordered to return $44 million to customers
The $44 million was held in its custodial accounts, which, according to its Terms and Conditions, wasn’t under its ownership and interest-bearing account holders have been left out to dry.