Sam Bankman-Fried out of jail on $250M bail… sort of
Just a day after his extradition from the Bahamas to New York City, FTX CEO Sam Bankman-Fried was freed on a US$250 million bond, although he'll have to remain under virtual house arrest.
Just a day after his extradition from the Bahamas to New York City, FTX CEO Sam Bankman-Fried was freed on a US$250 million bond, although he'll have to remain under virtual house arrest.
Daugherty applauds the lawmakers for seeking solutions to stem illicit finance into ‘cryptocurrencies,’ but this bill also demonstrates the need for legislators to not over-regulate the space.
As per U.S. securities regulator, Caroline Ellison had misappropriated customer funds from FTX to use in Alameda's trading activity, while Wang had created the software that allowed this to happen.
Recently, users saw a precipitous drop in the value of multiple alt-coins, including many associated with companies in which DCG had invested.
SBF's options for a comfortable life and freedom appear to be dwindling as he faces spending a lifetime in jail without parole should a U.S. court convict him on the eight charges he's facing.
Herve Maurey, a member of the French Senate’s finance commission, is pushing for an amendment of a law allowing virtual currency firms to operate in the country without a full license until 2026.
The Binance digital asset exchange has some explaining to do after blockchain data showed it financially rescuing its supposedly ‘independent’ Binance.US offshoot.
Akihisa Shiozaki, a Japanese lawmaker, noted that the failure to conduct due diligence led to losses of thousands of Japanese investors as the FTT token's value tumbled overnight.
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
Australia's Treasury plans to establish a framework for the regulation and licensing of digital asset firms, as the government decries the poor policies of the previous regime.
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.
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.