The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...
Tag: Legal
JPMorgan Chase, Wells Fargo among potentially exposed FTX parties
FTX has named Kroll Restructuring Administration as its agent as it navigates the federal bankruptcy process and cited dozens of companies and people affected by its collapse, a petition filed by the...
This country to adopt Bitcoin Cash as legal tender in the next year
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SEC enforcements and remedies reached $6.4 billion last year
The Securities and Exchange Commission announced that penalties, as well as remedies to investors affected by criminal or civil wrongdoing, reached a total of $6.4 billion during the last federal fisc...
Bahamas approves provisional liquidators for FTX assets
“Given the magnitude, urgency, and international implications of the unfolding events with regard to FTX, the Commission recognized that it had to, and moved swiftly to use its regulatory powers...
Apple vs Epic Games Legal Battle Continues in Court of Appeals
Apple maintained that Epic Games lost the court trial because the false accusation of anti-competitive conduct did not convince the presiding judge. Legal representatives of Apple Inc (NASDAQ: AAPL) a...
Saint Kitts and to propose Bitcoin Cash (BCH) as a legal tender
After El Salvador, Saint Kitts and Nevis plans to adopt Bitcoin Cash (BCH) as a legal tender. In a conference, the prime minister and finance minister of the nation, Terrance Drew, unveiled their plan...
Caribbean nation St. Kitts and Nevis may adopt Bitcoin Cash as legal tender by March 2023
The Caribbean nation of St. Kitts and Nevis may declare Bitcoin Cash (BCH) legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 confe...
St. Kitts and Nevis to Explore Possibility of Making Bitcoin Cash Legal Tender by March 2023 – Bitcoin News
St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Ca...
Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary ...
FTX under investigation for possible criminal misconduct in the Bahamas
FTX, which filed for Chapter 11 bankruptcy protection in the U.S. on Friday, is now under investigation in its headquarters of the Bahamas. “In light of the collapse of FTX globally and the prov...
St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023
St. Kitts and Nevis Prime Minister Terrance Drew announced that BCH will become legal tender in the country by March 2023 during a BCH conference in St. Kitts and Nevis. He added that the country will...
FTX spent $74 million on real estate in the Bahamas this year: Exclusive
Now-bankrupt crypto exchange FTX Group went on a real estate splurge this year, according to government documents obtained by The Block and confirmed by two former FTX employees. In total, the ...
Sen. Pat Toomey slams Congress’s failure to produce crypto regulation in good time
Sen. Pat Toomey criticized the the slow process of passing U.S. crypto trading regulations. Hostility and a lack of transparency by the SEC, alongside a failure to pass regulatory guardrails, ha...
AI Ethics And AI Law Are Warning About Unchecked AI Ageism Discrimination
AI ageism is a neglected and nearly unexamined discriminatory issue that requires added attention … [+] and due digilence. getty One of the most neglected and altogether forgotten types of discr...
Miami-Dade Hints Legal Action on FTX Arena Deal
11 mins ago | 2 mins read Exchange News Miami-Dade county will investigate all FTX legal remedies. Officials from Miami-Dade who negotiated the 19-year deal, hinted a legal action. Miami-Dade, the cou...
Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K
The largest cryptocurrency by market capitalization was recently trading at $16,970 a more than 4% gain over the past 24 hours as investors filled with new hope about the economic future returned to r...
Romance scams and ‘pig butchering’ play key role in growing crypto complaints
The lovelorn among us are prime candidates for crypto scammers, a new bulletin from the U.S. Consumer Financial Protection Bureau (CFPB) shows. CFPB data show that fraud and scams were the focus...
Bahamas securities regulator freezes FTX assets
The Securities Commission of the the Bahamas said it has taken action to freeze assets of FTX Digital Markets and related parties. “The Commission is aware of public statements suggesting that c...
FTX’s Legal and Compliance Team Reportedly Resigned
Troubles for the beleaguered cryptocurrency exchange FTX continue to deepen, following reports that a majority of the firm’s legal and compliance staff have exited the exchange. FTX, which is on the b...
FTX Legal Staff Quit En Masse Amid Binance Assessment
FTX Staff Quit News Updates: Amid a difficult scenario at FTX with the liquidity crisis, the company has news issues to deal with. According to latest reports, a majority of FTX’s employees in some im...
Binance-FTX deal reportedly scrapped without FTX.US on table; legal, compliance teams quit
The Binance-FTX deal appears to be off as a source with knowledge of the matter and text conversations reviewed by Blockworks indicated that Binance won’t acquire FTX unless FTX.US is included. The so...
FTX Legal Department Jumps Ship, Binance Deal Fizzles Out
The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole o...
Justice Department joins SEC in FTX probe: WSJ
For collapsed cryptocurrency exchange FTX, legal troubles are mounting. The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are working together to investigate FTX’s...
Current crypto legislation ‘undermines’ the SEC, Gensler says
Current legislation undermines the authority of the Securities and Exchange Commission, Chairman Gary Gensler said in an address to the Healthy Markets Association today. “As Congress loo...
Gensler says FTX collapse is ‘part of a pattern’ in crypto markets
Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday’s sudden FTX collapse is part of a wider trend in digital assets. “What we’ve seen in the last tw...
Can FTX CEO SBF Face Do Kwon Like Legal Troubles?
Sam Bankman-Fried is quickly becoming an outcast in the crypto community. After a liquidity crisis, SBF’s giant crypto exchange FTX will be acquired by Binance, CEO Changpeng Zhou revealed. Binance i...