Ripple CEO, Brad Garlinghouse, voices his opinion at the Ripple Swell event in Dubai, accusing the SEC of losing sight of their mission to protect investors. A U.S. judge’s recent ruling deemed XRP was not a security, marking a pivotal victory for Ripple. The company continues to pursue the next steps in the case, hoping …
Lawyers representing Sam Bankman-Fried in his FTX fraud trial have disclosed details of his planned testimony if he chooses to take the stand. In a six-page letter to Judge Lewis Kaplan, Bankman-Fried’s legal team outlined three main areas that he would address during his testimony. This includes his reliance on FTX’s former legal team, his …
The criminal trial of Sam Bankman-Fried will proceed as scheduled, despite the request from his attorneys for an adjournment due to his limited access to prescribed medication. In a late-night appeal to U.S. District Judge Lewis Kaplan on Sunday, Bankman-Fried’s lawyers asked that he be allowed to take his prescribed 12-hour extended-release 20mg dose of …
A picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin, and ethereum coins arranged beside a screen displaying a trading chart, May 8, 2022. Justin Tallis | Afp | Getty Images Paolo Ardoino, the chief technology officer for Tether, has been promoted to CEO of the stablecoin company in a surprising move. This unexpected …
Witness Adam Yedidia gave his testimony during the fraud trial of Sam Bankman-Fried, the founder of FTX, a bankrupt cryptocurrency exchange. Yedidia, a former friend and colleague of Bankman-Fried, revealed that he and Bankman-Fried’s other former classmates and employees were involved in financial crimes that defrauded FTX customers of billions of dollars. During the trial, …
Sam Bankman-Fried Trial at Federal Court in New York on October 4th, 2023, Features Testimony from First Witness London-based commodities broker, Marc-Antoine Julliard, known for trading cocoa beans, made the decision in 2021 to expand his portfolio into cryptocurrency trading. Julliard chose the platform FTX for his foray into this new market. Fast forward two …
A year ago, Sam Bankman-Fried was hailed as a titan of the industry, living a luxurious life in a $40 million penthouse in the Bahamas while overseeing a crypto empire worth $32 billion. However, things have taken a dramatic turn, as Bankman-Fried will now face trial in a Manhattan federal court in New York for …
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters Sam Bankman-Fried, the alleged crypto criminal who stands accused of masterminding one …
Sopa Images | Lightrocket | Getty Images Authorities have apprehended Su Zhu, a co-founder of the bankrupt digital asset hedge fund Three Arrows Capital, who was attempting to flee Singapore. Liquidators overseeing the bankruptcy estate of 3AC, the collapsed fund, announced on Friday that Zhu was arrested at Changi Airport in Singapore while trying to …
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase’s decision to block crypto-related transactions at its U.K. digital banking subsidiary, Chase UK. Chase UK earlier …