U.S., U.K. Issue Joint Sanctions of ‘Hamas-Aligned’ Gaza Now
Blockchain analytics firm Elliptic found that the online organization raised a mere $21,000 in crypto for Hamas since the October 7th attacks.
Garlinghouse Says SEC to Press Judge for $2B in Fines and Penalties in Ripple Case
The U.S. Securities and Exchange Commission (SEC) is reportedly asking a New York judge to levy a $2 billion judgment against Ripple Labs, according to social media posts from the crypto company’s CEO and chief legal officer on Monday.
FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors
The value of FTX’s FTT token surged 10% on the news.
Do Kwon Released From Montenegrin Prison on Bail; Terraform Labs’ Civil Trial Begins in NYC
Bankers Are Lining Up Buyers for FTX’s 8% Stake in AI Startup Anthropic: Report
FTX’s slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources.
Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court
Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea.
Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor
Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegro’s top prosecutor.
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged ‘Seller’s Remorse’
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed.
Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ
The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.
U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims
The United States Attorney’s Office in Massachusetts filed a civil forfeiture action on Wednesday aimed at returning $2.3 million in cryptocurrency to 37 victims of online scams and fraud.
Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product
A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing.
Bitcoin Fog Founder Convicted of Money Laundering
Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied to darknet marketplaces.
U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network
Criminal extortion charges against Steven Nerayoff, an early adviser to the Ethereum network, were dismissed by a New York judge on May 5, ending a three-and-a-half year legal battle that included explosive allegations he made against U.S. investigators.
Ex-Coinbase Product Manager Sentenced to 2 Years in Prison for Insider Trading
A former Coinbase employee was sentenced to two years in prison on Tuesday weeks after pleading guilty to insider trading charges, according to a report from Reuters.
Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed
Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.
Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters.
Bahamian Prime Minister Doesn’t Regret FTX
The Bahamas recently overhauled its crypto regulations and says its “open for business” for legitimate digital assets companies.
Franklin Templeton CEO: The Future of the Crypto Industry Is Regulated
At CoinDesk’s annual Consensus conference, CEO Jenny Johnson said cryptocurrencies like bitcoin were a “distraction” from the benefits of blockchain technology.