North Korea, fraud, and financial losses are some of the dangers emanating from the cryptocurrency industry, according to a White House blog published on Jan. 27. It argued for enhanced oversight of cryptocurrencies more broadly, requesting help from financial regulatory bodies and Congressional lawmakers. The blog—co-written by national security adviser Jake Sullivan, National Economic Council Director Brian…
White House Targets Cryptocurrencies, Calls for Stronger Enforcement by Regulators
January 29, 2023
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US Seeks Tighter Bail for FTX Founder Bankman-Fried to Prevent Tampering
NEW YORK—U.S. prosecutors on Friday asked a Manhattan judge to impose tougher bail conditions on Sam Bankman-Fried, expressing concern that the founder of the FTX cryptocurrency exchange might tamper with witnesses or destroy evidence in his criminal case. Citing Bankman-Fried’s “recent attempts to contact prospective witnesses,” prosecutors asked U.S. District Judge Lewis Kaplan to ban…
FTX Opposes New Bankruptcy Investigation as It Probes Bankman-Fried Connections
ZURICH/LONDON—FTX has objected to a U.S. Department of Justice request for an independent investigation into the once-prominent crypto exchange’s collapse, saying it is already conducting a wide-ranging probe that includes family members of FTX founder Sam Bankman-Fried. FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ’s proposed review would…
Feds Seized Nearly $700 Million From FTX Founder Bankman-Fried
Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty…
Car Drove Into Barricade Outside Bankman-Fried’s Parents’ Home, Lawyers Say
NEW YORK—A car drove into a metal barricade outside Sam Bankman-Fried’s parents’ home in California, his lawyers said on Thursday, in a recent incident they said underscores the security risks faced by the FTX founder and those ensuring his return to court. In a filing in Manhattan federal court, lawyers for the 30-year-old onetime billionaire…
Cryptocurrency Lender Genesis Files for Bankruptcy Months After FTX Collapse
Cryptocurrency lender Genesis Global filed for bankruptcy on Jan. 19, making it the latest company to do so following the collapse of FTX in November. The lender announced it had filed for Chapter 11 bankruptcy protection in a press release, stating that the move was part of “strategic actions to achieve a global resolution to maximize value…
FTX Token Rallies After New Chief Says Bankruptcy Exchange Could Restart
FTT, the native digital token for bankrupt cryptocurrency exchange FTX, rallied as much as 35 percent on Thursday after a report revealed that new CEO John J. Ray III is considering restarting the platform. According to The Wall Street Journal, Ray has established a team to look at resuscitating FTX.com, the website that maintains non-U.S….
LIVE NOW: US Agencies Announce International Cryptocurrency Action
U.S. Justice and Treasury Departments announce an international cryptocurrency enforcement action in Washington at 11:45 a.m. ET on Jan. 18. The Epoch Times will livestream the event. …
US Agencies Announce International Cryptocurrency Action
U.S. Justice and Treasury Departments announce an international cryptocurrency enforcement action in Washington at 11:45 a.m. ET on Jan. 18. The Epoch Times will livestream the event. …
FTX Says $413 Million Worth of Cryptocurrency Was Stolen From Failed Exchange
Debtors for the bankrupt cryptocurrency exchange FTX have said that around $413 million worth of cryptocurrency was stolen from the company through “unauthorized transfers.” In a report to creditors on Jan. 17, the company said that FTX debtors have identified approximately $1.6 billion of digital assets associated with FTX.com, of which $323 million of which was “subject to unauthorized third-party…
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