U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

finance.yahoo.com The U.S. doesn’t need any more digital currency, said the Securities and Exchange Commission chief Gary Gensler, as his agency sues Binance and Coinbase for operating…

How Binance founder Changpeng Zhao went from working in McDonald's to running a crypto empire

dailymail.co.uk The multi-billionaire founder of the largest cryptocurrency exchange once worked flipping burgers at McDonald's to make ends meet before the boom of his company made him one…

FTX’s big AI bet could help bail out customers

semafor.com The Scoop FTX’s bankers are quietly shopping what might be the most valuable asset inside the collapsed crypto exchange: a stake in Anthropic, a startup that has ridden the…

Inside the SEC’s Binance complaint: Detailed testimony and internal communications paint picture reminiscent of FTX

theblock.co A lawsuit filed on Monday by the U.S. Securities and Exchange Commission against crypto exchange Binance alleges major malfeasance and legal violations that the regulator…

Metropolitan Museum of Art Will Return $550K in FTX Donations

decrypt.co The Metropolitan Museum of Art has agreed to return hundreds of thousands of dollars in donations it received from FTX under the leadership of founder and former CEO Sam…

Met Museum Agrees to Return $550K in FTX Donations, Highlights Ethical Concerns

coinspeaker.com Coinspeaker Met Museum Agrees to Return $550K in FTX Donations, Highlights Ethical Concerns The Metropolitan Museum of Art (Met Museum), renowned as one of the United…

Crypto’s Richest Man Is Waiting Out the Chaos

news.yahoo.com There was a moment, late last fall, when Changpeng Zhao seemed like the smartest guy in crypto. The news was sudden and definitive: Binance, Zhao’s international trading…

Latest FTX Filings Show Bankman-Fried Is Banking on Being Freed, Now, SBF is building a case to show he’s not guilty

pymnts.com Sam Bankman-Fried has long professed his innocence. Now, he’s building a case to show he’s not guilty. The disgraced founder of the bankrupt FTX cryptocurrency exchange has…

In less than a week, Sam Bankman-Fried's $16 billion fortune evaporated

edition.cnn.com Sam Bankman-Fried woke up on Monday still a billionaire, even as his cryptocurrency empire was beginning to unravel. By Friday, his fortune was completely wiped out. Based…

Crypto is in chaos as FTX files for bankruptcy

edition.cnn.com In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital empire, including billions of his own fortune, evaporate in a…

What Happened To FTX? The Crypto Exchange Fund’s Collapse Explained

forbes.com FTX Trading Ltd. was one of the largest cryptocurrency exchange firms, known for its specialty in buying and selling crypto derivatives, and once valued at about $40…

Is indicted Chinese billionaire tycoon Guo Wengui secretly bankrolling George Santos's bail?

businessinsider.com Guo Wengui and George Santos. REUTERS/Brendan McDermid; Drew Angerer/Getty Images The three people on the hook for George Santos's $500,000 are anonymous in court filings.…

US Prosecutors Slam Sam Bankman-Fried’s Opposition to Criminal Charges

financemagnates.com US prosecutors in court documents filed on Monday opposed pre-trial motions filed by FTX Co-Founder Sam Bankman-Fried’s lawyers to dismiss several of the thirteen charges…

Bankman-Fried hints at blame-the-lawyers defense in criminal case

reuters.com Indicted FTX founder Sam Bankman-Fried seems to be gearing up to blame the lawyers who helped him establish the crypto exchange. That’s the subtext of a motion filed on…

Bankman-Fried seeks documents from former FTX law firm in crypto fraud case

reuters.com Sam Bankman-Fried is seeking documents from a law firm that advised his defunct FTX cryptocurrency exchange, saying in a court filing that they could help him beat fraud…

The Morning Risk Report: Ex-Coinbase Manager Settles SEC’s Crypto Insider-Trading Claims

createsend.com Sam Bankman-Fried could have some charges dropped if Bahamas objects. The Justice Department said it would drop some of the criminal charges against FTX founder Sam…

US Requests Bahamas Consent to Continue FTX Bankman-Fried Post-extradition Charges

coinspeaker.com Coinspeaker US Requests Bahamas Consent to Continue FTX Bankman-Fried Post-extradition Charges Sam Bankman-Fried was apprehended last year in the Bahamas and subsequently…

Sam Bankman-Fried sets the stage to blame FTX’s massive fraud on a law firm’s advice

fortune.com FTX co-founder Sam Bankman-Fried is laying the groundwork for a defense that argues he relied upon the advice of a prominent Silicon Valley law firm in taking many of the…

Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say

cointelegraph.com United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on…

US District Judge sends matter of FTX independent examiner to appellate court

cointelegraph.com A United State District Judge has referred a motion requesting the appointment of an independent examiner for bankruptcy crypto exchange FTX to appellate court. In documents…

DOJ asks Bahamian government if newer charges against Bankman-Fried violate extradition deal

theblock.co After former FTX CEO Sam Bankman-Fried challenged criminal charges filed against him after he was extradited from the Bahamas, the U.S. Justice Department is seeking a…

FTX Case Passed to Third Circut Court of Appeals: ‘The facts are not in dispute’

cryptobriefing.com Delaware District Judge Colm F. Connolly has approved to pass the case involving FTX to the U.S. Third Circuit Court of Appeals, leading the way for an independent…

Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless. “The charges track the relevant statutes and the defendant’s…

nydailyrecord.com Sam Bankman-Fried’s lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his…

Sam Bankman-Fried's bid to dismiss cryptocurrency charges is 'meritless,' prosecutors say

nbcnews.com NEW YORK - Prosecutors urged a Manhattan federal court judge on Monday to deny a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of…

SBF’s defense lawyers insist regulatory issues are not federal crimes

cryptoslate.com Defense lawyers for Sam Bankman-Fried allege that U.S. authorities overstepped the mark in prosecuting the former FTX CEO, arguing that regulatory infractions should not be…

Sam Bankman-Fried’s arguments to dismiss cryptocurrency charges are meritless, prosecutors say

theglobeandmail.com Sam Bankman-Fried’s lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his…

U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say

coindesk.com Criminal charges that lawyers for Sam Bankman-Fried sought to dismiss, including technicalities around his extradition back to the U.S. and campaign finance violations, are…

FTX Prosecutors Say Bankman-Fried Case is Solid

pymnts.com Federal prosecutors want a judge to uphold charges against FTX founder Sam Bankman-Fried. Bankman-Fried, accused of masterminding a multibillion-dollar fraud scheme at the…

Prosecutors argue against dismissing Sam Bankman-Fried's criminal charges

foxbusiness.com Prosecutors on Monday asked a Manhattan federal court judge to deny FTX founder Sam Bankman-Fried's request to dismiss criminal charges stemming from allegations he stole…

Bankman-Fried charges should not be tossed, prosecutors say

investing.com Prosecutors urged a Manhattan federal court judge on Monday to deny a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions…

Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless

yahoo.com Sam Bankman-Fried’s lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his…

Temasek cuts salary of staff responsible for its failed FTX investment

theblock.co Temasek, a Singaporean sovereign wealth fund that manages assets worth around $300 billion, has cut the pay of staff involved in its FTX investment that soured after the…

Crypto Funding: Focus on Web3 Development in $151M Week

blockworks.co Approximately 12 crypto startups raised over $151 million this week, with Web3 gaming taking center stage. Openfort brought in $3 million in an effort to continue developing…

FTX customers file class action lawsuit against the failed crypto exchange and former top execs

euronews.com The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua. FTX customers filed…

FTX founder Sam Bankman-Fried to be released on $250 million bail and will live with his parents

euronews.com The 30-year-old FTX founder was shackled at the ankles when he entered the courtroom in the US. Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan…

FTX latest: Sam Bankman-Fried extradited to US and two top executives plead guilty to charges

euronews.com FTX crypto exchange founder Sam Bankman-Fried is being extradited from the Bahamas by US law enforcement. The founder and former CEO of cryptocurrency exchange FTX, Sam…

Hearing on FTX founder Sam Bankman-Fried's extradition to US set for Wednesday

euronews.com It is not immediately clear when Bankman-Fried’s extradition could occur once it is approved by the Bahamian court. Sam Bankman-Fried, the founder of the bankrupt…

Bitcoin plunges to a 2-year low as FTX collapse contaminates industry

euronews.com FTX’s new CEO John J. Ray III is looking to sell or restructure Sam Bankman-Fried’s fallen crypto empire. Cryptocurrencies are continuing to feel the shockwaves of the…

The latest on FTX: Bankruptcy, lost crypto and criminal probes

euronews.com The saga has highlighted a volatile market and prompted calls for better regulation across the crypto industry. Cryptocurrencies are still feeling the aftershocks of last…

Bitcoin plunges as Binance walks away from FTX bailout. Is this the new crypto crisis?

euronews.com Euronews explains how a new crypto crisis may have engulfed crypto kid Sam Bankman-Fried’s FTX. Cryptocurrencies across the board are taking a massive hit with Bitcoin…

The Master of Destruction Rides Again

theinformation.com In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood. The 62-year-old’s second marriage was on the rocks. He was…

Shaq served in FTX suit at NBA playoff game

washingtonpost.com Shaquille O’Neal is over 7 feet tall and appears on TV frequently. But the former NBA star was hard to locate — at least for the more than two dozen process servers who had…

Caroline Ellison: How a young math whiz with an appetite for risk became a major player in Sam Bankman-Fried’s corrupt crypto empire

fortune.com At a blond-wood table in a serene Japanese restaurant on a tree-lined street in Murray Hill, Manhattan, the 26-year-old Caroline Ellison was asked a pointed question by one…

FTX CEO Considering Reboot of Disgraced Crypto Exchange, According to a New Court Filing

dailyhodl.com Newly filed court documents suggest FTX CEO John J. Ray III is considering restarting the bankrupt exchange’s operations. In April, Ray appeared to take part in multiple…

Shaq gets served — again

cnn.com After months of cat and mouse, lawyers for a group of FTX investors have served Shaquille O’Neal. Again. Plaintiffs’ attorneys say O’Neal has repeatedly dodged process…

A judge reportedly held a secret hearing with the 3 anonymous people sponsoring George Santos's $500,000 bail

businessinsider.com U.S. Rep. George Santos outside federal court in Central Islip, NY. AP Photo/Seth Wenig Three anonymous people are sponsoring the $500,000 bond for Rep. George Santos. A…

The Great Fail: How FTX Went From Irresistible to Criminal

adweek.com Brandweek will feature live discussions with marketing pros at ULTA Beauty , Converse , UPS and more. Meet us in Miami Sept. 11–14 to boost your business and elevate your…

Solana Launches ChatGPT Plugin

thedefiant.io Layer 1 Blockchain Looks To Reverse Its Decline With AI Integration Solana, a Layer 1 blockchain known for its fast and cheap transactions, is embracing the nascent world of…

Semafor Banks $19 Million in New Funding as News Startup Is Set to Relinquish $10 Million Investment From Sam Bankman-Fried

variety.com Semafor, the digital new startup launched last fall, announced that it has raised $19 million in a new financing round, bringing its total raised to $34 million. The New…