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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
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US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors
Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday.
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Binance Crypto Exchange Founder Changpeng Zhao Sentenced to 4 Months in Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
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US Seeks 3 Years Prison for Binance Founder Changpeng Zhao
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.
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KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says
KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...
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India Gets New Crypto-INR Futures Exchange Named ‘Pi42’ from WazirX, ZebPay Leaders
Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have launched a new crypto-INR Futures Exchange called ‘Pi42’ on Wednesday, February 7. Pi42, as disclosed by its founders, has already been registered with the FIU – which means Indians can start trying it out.
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Binance Withdraws Abu Dhabi Licence Bid as Crypto Exhange Reassesses Global Structure After CEO Turmoil
Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.
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Changpeng Zhao: 5 Points On Binance Founder Who Resigned Over Money Laundering Probe
Binance CEO Changpeng Zhao resigned from the company and pleaded guilty to breaking anti-money laundering laws of the United States as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange
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FTX Founder Sam Bankman-Fried To Testify At His US Crypto Trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.
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Cryptocurrency Exchanges in the SEC's Crosshairs: Safeguarding Investor Interest Amid the Web3 Evolution
Sathvik Vishwanath, the founder and CEO of the Unocoin crypto exchange shares his opinions on the changing landscape of US' crypto sector under the oversight of the Securities and Exchange Commission.
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FTX Founder Sam Bankman-Fried Denies Witness Tampering, Seeks to Avoid Jailtime
FTX founder Sam Bankman-Fried on Tuesday said in a letter to US District Judge Lewis Kaplan in Manhattan, never sought to intimidate witnesses at his scheduled October fraud trial, and there is no reason to jail him.
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"Crossed A Line": FTX Founder Sam Bankman-Fried May Be Jailed Before Trial
A US judge on Wednesday tightened Sam Bankman-Fried's bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange.
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Binance, CEO Changpeng Zhao Plan to Seek Dismissal of CFTC Complaint Over Alleged Regulatory Violations
Binance and its CEO and founder Changpeng Zhao are planning to seek the dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations.
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FTX Sues Founder Sam Bankman-Fried, Ex Top Officials For Over $1 Billion
FTX Trading on Friday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt.
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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
-
US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
-
Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors
Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday.
-
Binance Crypto Exchange Founder Changpeng Zhao Sentenced to 4 Months in Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
-
US Seeks 3 Years Prison for Binance Founder Changpeng Zhao
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.
-
KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says
KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...
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India Gets New Crypto-INR Futures Exchange Named ‘Pi42’ from WazirX, ZebPay Leaders
Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have launched a new crypto-INR Futures Exchange called ‘Pi42’ on Wednesday, February 7. Pi42, as disclosed by its founders, has already been registered with the FIU – which means Indians can start trying it out.
-
Binance Withdraws Abu Dhabi Licence Bid as Crypto Exhange Reassesses Global Structure After CEO Turmoil
Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.
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Changpeng Zhao: 5 Points On Binance Founder Who Resigned Over Money Laundering Probe
Binance CEO Changpeng Zhao resigned from the company and pleaded guilty to breaking anti-money laundering laws of the United States as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange
-
FTX Founder Sam Bankman-Fried To Testify At His US Crypto Trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.
-
Cryptocurrency Exchanges in the SEC's Crosshairs: Safeguarding Investor Interest Amid the Web3 Evolution
Sathvik Vishwanath, the founder and CEO of the Unocoin crypto exchange shares his opinions on the changing landscape of US' crypto sector under the oversight of the Securities and Exchange Commission.
-
FTX Founder Sam Bankman-Fried Denies Witness Tampering, Seeks to Avoid Jailtime
FTX founder Sam Bankman-Fried on Tuesday said in a letter to US District Judge Lewis Kaplan in Manhattan, never sought to intimidate witnesses at his scheduled October fraud trial, and there is no reason to jail him.
-
"Crossed A Line": FTX Founder Sam Bankman-Fried May Be Jailed Before Trial
A US judge on Wednesday tightened Sam Bankman-Fried's bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange.
-
Binance, CEO Changpeng Zhao Plan to Seek Dismissal of CFTC Complaint Over Alleged Regulatory Violations
Binance and its CEO and founder Changpeng Zhao are planning to seek the dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations.
-
FTX Sues Founder Sam Bankman-Fried, Ex Top Officials For Over $1 Billion
FTX Trading on Friday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt.
