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FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services
7.2.2024
Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This announcement arrives amidst a period where the prominent crypto asset, ethereum...
DOJ Halts Second Trial Against FTX’s Bankman Fried, Citing Sufficiency of Initial Evidence and ‘Public Interest’
30.12.2023
On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman Fried Avoids Second Trial According to several...
Judge Kaplan Rejects Bankman-Fried’s Request for Sentencing Delay, Affirms March 2024 Date
21.12.2023
In a recent development in the high-profile case of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, a request for postponement of the sentencing hearing was firmly denied by U.S. District Judge Lewis Kaplan. Bankman-Fried’s legal team had sought a four to six-week...
Jury directions begin in Sam Bankman-Fried criminal trial
2.11.2023
Jury deliberations are to expected to begin shortly and may last until next Monday
12 people will decide the fate of former FTX CEO Sam Bankman-Fried
5.10.2023
45 prospective jurors were narrowed down to 12 after they were asked to discuss their background, employment, education, partners, children and their age
Overwatch 2 One Year Later: Why Am I Still Doing This?
4.10.2023
The path leading up to the October 4, 2022 release of Overwatch 2 was tough to navigate, like a half-cleared trail in a dense wood. The messaging around the game was winding and discombobulating (it wasn’t clear if it was a standalone sequel, if the original Overwatch would shut down, if/when...
5 highlights of Sam Bankman-Fried's first day of trial
4.10.2023
Potential jurors shared their mostly negative interactions with crypto investing, while a slim-figured former FTX CEO sat flanked by attorneys, noticeably void of his signature curly locks
SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD
13.9.2023
U.S. prosecutors, meanwhile, want to ask prospective jurors their beliefs on how cryptocurrency should be regulated
Bankman-Fried's request for temporary release denied amid upcoming trial
12.9.2023
Lack of internet access and time pressures were insufficient grounds to grant Bankman-Fried's temporary release, according to Judge Kaplan
Bankman-Fried Lawyers Seek Client’s Temporary Release for Trial Prep
29.8.2023
Sam Bankman-Fried’s high-powered legal team is pushing for the FTX founder’s temporary release from jail ahead of his October trial on fraud charges. In a motion filed Thursday, lawyers Mark Cohen and Christian Everdell claim Bankman-Fried’s Sixth Amendment rights are being...
Overwatch 2’s Story Missions Are Good, But Not $15 Good
10.8.2023
Halfway through the Toronto-based story mission that’s part of Overwatch 2: Invasion, things get a little scary. Omnics, Overwatch’s in-universe sentient robots, are under attack from a terrorist organization called Null Sector, and you’re there to help them—but as your squad of carefully curated...
Sam Bankman-Fried Accused of Leaking Diary Excerpts to Discredit Key Witness
21.7.2023
A court document penned by U.S. Department of Justice attorney Damian Williams alleges FTX co-founder Sam Bankman-Fried released diary excerpts from former Alameda CEO Caroline Ellison. The U.S. attorney asserts that Bankman-Fried intended to discredit the government’s key witness...
US Representative Ritchie Torres Calls for Investigation of SEC Over Prometheum’s License
14.7.2023
U.S. Rep. Ritchie Torres has called for an investigation into the special purpose broker-dealer (SPBD) license given by the U.S. Securities and Exchange Commission (SEC) to Prometheum, a cryptocurrency exchange platform. In two letters sent to U.S. Comptroller General Gene Dodaro and SEC Inspector...
Judge Rejects Bankman-Fried’s Attempt to Dismiss Criminal Charges, Calls Arguments ‘Unpersuasive’ and ‘Without Merit’
28.6.2023
On Tuesday, U.S. district judge Lewis Kaplan rejected Sam Bankman-Fried’s attempt to dismiss criminal charges against him. Bankman-Fried claims he was charged in a manner that violates the “rule of specialty” as far as the extradition treaty between the Bahamas and the United States is concerned....
Blockchain Assoc. requests info on Prometheum over ‘suspicious’ approval
16.6.2023
A FOIA request with the SEC regarding Prometheum has been filed, while others found former FINRA and SEC staffers among the firm's ranks
Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing
15.6.2023
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support...
‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?
15.6.2023
A testimony given at a U.S. House hearing by the blockchain firm’s co-founder Aaron Kaplan has drawn the attention of those in the crypto space
SBF’s lawyers unable to tap his parent’s phones to meet bail conditions
23.4.2023
The new cell phones purchased for Bankman-Fried's parents cannot "automatically photograph the device's users every five minutes as required by the Order," according to a recent court filing
Voyager creditors serve SBF a Subpoena to appear in court for a ‘remote deposition’
19.2.2023
Bankman-Fried has only a matter of days to meet document requirements before his appearance in court next week
SBF could 'conceivably' get bail revoked, says judge
17.2.2023
A federal judge said there was "probable cause" to believe that SBF engaged in activities that could land him in jail