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AP Photo/Mary Altaffer
FTX Trading is examining restarting the crypto exchange with three bidders, according to a Bloomberg report Tuesday.
Binance is once again fighting off regulators, claiming the Commodity Futures Trading Commission’s (CFTC) lawsuit is an overreach of U.S. law. The largest cryptocurrency exchange in the world says the agency is trying to regulate foreign individuals and corporations operating outside the US.
The trial of FTX founder Sam Bankman-Fried reached its halfway point, and a flurry of incriminating evidence, emotional testimonies, and odd tales have surfaced in the last three weeks.
New York Attorney General Letitia James filed a lawsuit Thursday morning against cryptocurrency companies Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG) for defrauding over 230,000 investors of over $1 billion.
Chelsea Jia Feng/Insider
A forensic accountant at Sam Bankman-Fried’s trial tried piecing together where $9 billion of missing FTX customer funds went on Wednesday. “Oh, yes,” said the accountant when asked if FTX ever misused customer funds.
Chelsea Jia Feng
- Nishad Singh was the top engineer at FTX.
- He testified at the Sam Bankman-Fried trial that he was 'suicidal' over the crypto scam.
- At one point, he said, Alameda borrowed $13 billion from FTX — which it didn't have.
Nishad Singh thought he misunderstood.