Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions in cash. US Government Seizes Millions in Cash and Robinhood Shares From…
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Federal authorities have confiscated approximately $700 million worth of assets belonging to the disgraced FTX founder Sam Bankman-Fried, including three accounts at Silvergate Bank that held U.S. dollars…. Read More: Federal Prosecutors Seize Sam Bankman-Fried Assets Worth $700m, Including Silvergate Bank Accounts Read more »Sign up for e-EUR – the progressive stablecoin
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Digital Assets Subcommittee in the US, Iran’s and Russia’s Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison Read more »Sign up for e-EUR – the progressive…
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The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange’s investigation, citing potential conflicts of interest. In a recent legal filing, the US Trustee said it is objecting to the FTX decision due to two “overarching” reasons. In the first place, the law firm’s disclosures are…
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More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ConsenSys Launches MetaMask Staking, Eurojust Stops Major Crypto Fraud Network, LendHub Loses $6M in an Attack Read more »Sign up for e-EUR – the progressive stablecoin
A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.” ‘Groundbreaking’ Crypto Insider Trading Case The U.S. Department of Justice (DOJ) announced Tuesday that Nikhil Wahi “was sentenced to 10 months in prison” in a “groundbreaking cryptocurrency…
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The US Department of Justice has retained control of the contested 56 million shares of Robinhood, a popular financial trading app, worth approximately $500 million. In a January 6 court filing, the DOJ notified the court handling the bankruptcy of BlockFi that it has seized 55,273,469 shares of Robinhood, worth more than $450 million at the time…
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Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX customers, on the other hand,…
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The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders to Alameda Research,” the Justice Department noted. DOJ Urges Victims of SBF Fraud to Come Forward The U.S.…
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