FTX’s troubles, the next round of the SEC vs. Ripple legal battle, higher taxes on crypto in Brazil and other major news in regulation.
The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end of his two upcoming trials. Judge Lewis Kaplan ordered thefollowing The New York Times report about his alleged attempt to intimidate witnesses. Bankman-Fried faces 12 criminal charges spread across two trials scheduled to begin in October 2023 and March 2024.
Meanwhile, the wave of lawsuits has reached former partners of FTX. Eighteen leading venture capital investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the exchange.
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Should we use state law enforcement to bolster local law enforcement?Governor Mike DeWine offered up his own solution to local governments and police departments.
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Sam Bankman-Fried sent to jail as judge revokes bail over witness tampering, VPN useSBF was free on $250 million bail, but using a VPN to watch a football game and contacting a witness over Signal has put the former crypto billionaire in prison as he awaits trial.
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First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to JailPLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the outcome was predictable.
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Inside The Horrible New York Jail Where SBF is Held Ahead of His TrialLawyers have complained about overflowing toilets, plastic in inmates’ meals, and contaminated water, amongst other horrific living conditions at the MDC.
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Sam Bankman-Fried sent to jail for witness tampering | EngadgetFTX Founder Sam Bankman-Fried (SBF) was sent to jail Friday after the judge overseeing his case revoked bail.
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