2023-9-6 02:20 |
Prosecutors filed a letter Tuesday detailing the amount of access FTX founder Sam Bankman-Fried has to materials he may use in his defense.
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A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.
Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.
International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022.
The FTX founder is six months into a 25-year prison sentence.
A federal judge on Thursday told former FTX executive Ryan Salame that he could be hit with sanctions after Salame lied to the judge about prosecutors not making promises to him as part of his plea deal last year, CNBC reported.
Thoma Bravo's exit from crypto underscores the lasting impact of high-profile failures on investor confidence and market stability. The post Thoma Bravo founder says firm permanently exits crypto post-FTX fiasco appeared first on Crypto Briefing.
FRA is set to monitor Binance for compliance with a DOJ plea deal, following Binance's admission of regulatory violations. The post DOJ rejects Sullivan & Cromwell, picks FRA for Binance’s monitorship appeared first on Crypto Briefing.