The North American Securities Administrators Association (NASAA) has filed a brief in support of the Securities and Exchange Commission (SEC) in its lawsuit against cryptocurrency exchange Coinbase. NASAA, a non-profit association representing securities regulators in the US, Canada, and Mexico, argues that the SEC’s position that certain crypto assets on Coinbase are securities and subject […]
The trial of Sam Bankman-Fried, the founder of FTX, has entered its second week, with key witnesses testifying against him in court. Caroline Ellison, Bankman-Fried’s ex-girlfriend and former head of Alameda Research, FTX’s trading arm, made serious allegations during her testimony. According to Ellison, FTX utilized customer funds to support Alameda, and she, Bankman-Fried, and […]
Alameda Research CEO Caroline Ellison’s testimony in the SBF trial has revealed shocking details about fraud and mismanagement within the company. Ellison admitted to committing fraud under the direction of Sam Bankman-Fried (SBF), the founder of FTX. She disclosed that SBF instructed her to divert billions of dollars from FTX customer funds to Alameda for […]
Former Alameda Research CEO Caroline Ellison testified in court, admitting to committing fraud alongside her ex-boyfriend, Sam Bankman-Fried. Ellison claimed that at Bankman-Fried’s direction, Alameda used over $10 billion of FTX customer funds to pay off its loans. She stated that Alameda received between $10 billion and $20 billion of FTX money in its bank […]
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, is seeking to shed light on the involvement of lawyers in a legal battle involving his hedge fund arm, Alameda Research. Bankman-Fried’s attorneys are requesting permission to question FTX co-founder Gary Wang about the legal guidance he received when accepting loans from Alameda. Wang previously claimed that […]
A Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng Zhao and three other executives for fraud and securities violations. The decision to press charges now rests with the Brazilian police. The committee alleges that Zhao and the executives engaged in fraudulent management, unauthorized trading of securities, and operating a financial institution without […]
Israeli law enforcement, in collaboration with Binance, the world’s largest cryptocurrency exchange, has launched an operation to freeze crypto addresses associated with the terrorist group Hamas. The operation was led by the Israeli Police Department and the National Counterterrorism Headquarters, with support from Binance. The investigation revealed that Hamas had raised funds through crypto donations […]
A Bitcoin whale, who had been holding onto their coins since 2017, has suddenly moved 3,000 BTC worth over $80 million. This mysterious entity had been accumulating Bitcoin since 2016, acquiring 3301 BTC in May of that year. In September 2017, during a significant increase in Bitcoin’s value, the whale sold 200 BTC. Since then, […]
Israeli authorities have collaborated with cryptocurrency exchange Binance to freeze several cryptocurrency accounts allegedly linked to the Palestinian militant group Hamas. This action is part of a global trend towards monitoring and regulating digital currencies to prevent their misuse for illicit activities. Hamas has been using cryptocurrencies to finance its activities as traditional financial channels […]
Crypto exchange Binance has assisted Israeli authorities in freezing crypto accounts linked to the Palestinian militant group Hamas, according to the Israel Police. Binance worked with the police’s cyber unit and other intelligence agencies to identify and freeze Hamas’ crypto accounts, which were being used for crowdfunding donations through social media campaigns. This is not […]
