Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday.
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.
Republican presidential candidate Vivek Ramaswamy has a message for most of the employees at the U.S. Securities and Exchange Commission (SEC) if he’s elected to the White House: You’re fired. And everybody still left at their desks would need to back off the crypto industry, according to the candidate’s new policy strategy for U.S. digital assets.
The world’s largest asset manager already made waves by seeking to list a bitcoin ETF
Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.
A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX’s operation and collapse.
A verdict in the SBF trial could come before the end of Thursday – on the first anniversary of the CoinDesk scoop that caused his empire to crumble.
The value of FTX’s stake in Solana’s SOL token, for instance, has just added $1 billion in two weeks.
Trial of Sam Bankman-Fried (Danny Nelson/CoinDesk)
“So, it’s your testimony that your supervisees told you to stop asking questions?” asked a prosecutor. “Did you call in your lieutenants and ask ‘who spent $8 billion?'”