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SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18
18.2.2023
Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges...
Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming
17.2.2023
Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the Super Bowl through a foreign subscription service...
BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
17.2.2023
Emergent Fidelity case is "futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares
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
Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future
16.2.2023
Sam Bankman-Fried remains out on bail, but the New York judge overseeing his criminal fraud case said that could change if the former FTX CEO continues to defy the bail conditions set by the court
Sam Bankman-Fried’s Altruism Wasn’t Very Effective
16.2.2023
The disgraced CEO's altruism fell short, and with it, undermined the credibility crypto could have on innovation, Lucía Gallardo, founder of regenerative finance project Emerge, writes
Crypto Bro From Big Crash May Lose Access To League Of Legends
16.2.2023
The man who oversaw the most famous crash in the history of crypto and who is currently facing securities fraud and other criminal charges might lose his gaming privileges. Federal prosecutors are now asking a judge to prohibit Sam Bankman-Fried from using computers or going online after...
Ex-Stanford dean says SBF’s parents helped his family battle cancer
16.2.2023
One of the previously undisclosed guarantors of Sam Bankman-Fried’s bond told Cointelegraph why he helped out the former FTX CEO
SBF won’t be able to play League of Legends under proposed bail changes
16.2.2023
Sam Bankman-Fried is, for the most part, still able to freely access the internet through various devices. Prosecutors want to change that
SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuit
15.2.2023
The filing is the latest proposed class action in a string of lawsuits aimed at Silvergate over the last two months about its links with Sam Bankman-Fried and defunct crypto exchange FTX
Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit
15.2.2023
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer
SEC Case Against Bankman-Fried Postponed Pending Criminal Trial
14.2.2023
Charges can wait until the Department of Justice’s case against the FTX founder concludes, the securities regulator said
CFTC and SEC cases against SBF deferred until after criminal trial
14.2.2023
Damian Williams, U.S. Attorney for the Southern District of New York pushed to defer the civil cases due to a major overlap between the CFTC, SEC and DOJ’s cases
SBF’s lawyers move to block release of bail guarantors' identities
8.2.2023
The appeal, filed on the last possible day, prevents the names of two bond guarantors for SBF from being revealed until at least Feb. 14
US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial
7.2.2023
Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case
Judge denies motion allowing SBF to use messaging apps
7.2.2023
The judge did not provide a reason for denying the motion “without prejudice” but added the matter would face oral argument in a Feb. 9 hearing
Sam Bankman-Fried lawyers reach agreement on use of messaging apps
7.2.2023
The agreement comes as a result of federal prosecutors looking to ban SBF from contacting current or former FTX and Alameda employees while on house arrest
SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4
4.2.2023
Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan....
Google Backs AI Firm Anthropic With $300 Million, Following Series B Investment From Controversial FTX Co-Founder
4.2.2023
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including...
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
3.2.2023
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally...