The US Justice Department seeks $4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to
The founders of cryptocurrency exchanges face a mountain of regulatory challenges and billions in personal losses.
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.
Sam Bankman Fried allegedly entertained a plan to raise capital from Saudi Crown Prince Mohammed bin Salman, according to former Alameda CEO Caroline Ellison in her testimony on Wednesday.
Fear, uncertainty, and doubt around Alameda Research’s relationship with his FTX cryptocurrency exchange caused Sam Bankman-Fried to consider shuttering the trading platform in 2022, according to an unpublished tweet thread revealed in his trial on Monday.
Last year, it took reporters digging into Alameda Research’s balance sheet to finally show that ex-FTX CEO Sam Bankman-Fried’s big crypto house of cards was built on a shaky bedrock of customer funds.
Barbara Fried, the 71-year-old mother of disgraced FTX founder Sam Bankman-Fried (SBF) once described herself as her son’s “partner in crime of the noncriminal sort.” A new lawsuit filed by FTX, now bankrupt and under control of a new CEO, however, alleges Fried and her husband were, in fac