Failed FTX founder Sam Bankman-Fried was charged with directing $40million bribe to a Chinese official to unfreeze assets relating to his cryptocurrency business. In the new charges against the former FTX CEO, he was accuse of paying off a Chinese official to gain access to trading accounts frozen by Chinese authorities. The prosecutor added that the
Do Kwon, who was recently arrested at Podgorica airport in Montenegro for attempting to fly to Dubai using fake documents. Following his arrest, the Montenegrin court approved a 30-day extension to Kwon’s detention period, which is longer than the usual 72-hour period allotted by authorities. The legal team representing Kwon confirmed that they will be appealing against the Montenegrin court’s
North Carolina-based First Citizens has agreed to buy Silicon Valley bank from us regulators, the Fedral Deposit Insurance Corporation (FDIC) which took over the lender earlier this month as depositors raced to withdraw money. First Citizens also agreed to buy all of SVB’s deposits and loans, as well as a large portion of its assets, leaving
The Securities and Exchange Commission (SEC) issued coinbase a Wells notice, warning the company that it identified potential violations of U.S. securities law. The SEC futher alleged that the company’s staking products constitute unregistered securities. In regard to this, coinbase mentioned that the issue is “an undefined portion of our listed digital assets, our staking service Coinbase Earn, Coinbase
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. The former cryptocurrency king was apprehended at the Podgorica airport with forged documents and an eight-count indictment against was made public in the US District Court in Manhattan. A federal grand jury
The cryptocurrency exchange OKcoin on Friday suspended trading of the two city-based digital currencies — MiamiCoin and NYCCoin “Limited liquidity for these coins on our platform has created the possibility of price manipulation and fraudulent activity,” OKCoin wrote in a blog post. “While none of these risks have occurred, we wanted to get ahead of
A Bulgarian woman extradited to the United States for her role in a $4 billion crypto pyramid scheme adds to a growing list of law enforcement actions against perpetrators of the OneCoin Ponzi scheme. Irina Dilkinska, 41, was head of “legal and compliance” for OneCoin, but “accomplished the exact opposite of her job title and
A legislative proposal from Florida Governor Ron DeSantis would prohibit the use of a national central bank digital currency (CBDC) as money within his state. He continued by stating that “The Biden administration’s efforts to inject a Centralised Bank Digital Currency is about surveillance and control,” “Today’s announcement will protect Florida consumers and businesses from the
