Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is set to issue new antitrust charges against Microsoft over concerns that the software giant is undermining competitors to its videoconferencing app Teams, as EU regulators continue to target the market dominance of big…
Roger Ver, a prominent early investor in Bitcoin and famously dubbed “Bitcoin Jesus,” has been indicted by the Department of Justice (DOJ) on charges of mail fraud, tax evasion, and filing false tax returns. Ver was arrested over the weekend in Spain based on these criminal charges, and the U.S. intends to seek his extradition…
The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud. Legal representatives for former Celsius CEO Alex Mashinsky have filed a motion in federal court seeking the dismissal of charges related to commodities fraud and market…
The filing comes just weeks after it was reported that Moonpay executives were at the centre of a Department of Justice (DoJ) securities fraud investigation. Crypto firm SafeMoon on Thursday, December 14, filed for Chapter 7 bankruptcy, also known as liquidation bankruptcy. The filing was done by attorney Mark Rose in the United States Bankruptcy…
Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining regulatory clarity, cryptocurrency exchange Coinbase…
As part of the plea deal with prosecutors, Binance has agreed to pay the United States Department of Justice (DoJ) $4.3 billion. The chief executive officer (CEO) of Binance Changpeng Zhao (CZ) has pleaded guilty to federal money laundering charges and announced he is stepping down from the helm of affairs at the world’s largest…
An upswing in a claim’s valuation signals an increase in the anticipated recovery worth. SBF’s inner circle – Caroline Ellison, Gary Wang, and Nishad Singh – might have to pay heavy penalties. On Thursday, November 2, the US court finally convicted FTX co-founder Sam Bankman-Fried of seven criminal charges. The sentencing will take place next…
Each of Bankman’s other crimes carries a maximum prison sentence of between 5 to 20 years. The five-week-long criminal trial of former FTX CEO Sam Bankman-Fried (SBF) has finally concluded. Sam Bankman-Fried, who was charged with multiple counts of fraud and criminal conspiracy, has been found guilty of all seven charges against him. The decision…
Despite facing challenges, the bank managed to report a net profit of £1.27 billion ($1.56 billion) for the quarter, slightly exceeding expectations of £1.18 billion. Barclays PLC (LON: BARC), one of the prominent players in the global banking industry, saw its share performance plummet by as much as 6.5% earlier today as it hinted at…
The US SEC moves on the backfoot as Ripple registers yet another victory in their legal battle. On Thursday, October 19, the US Securities and Exchange Commission (SEC) cleared Ripple executives – CEO Brad Garlinghouse and Executive Chairman Chris Larsen – of all charges in the lawsuit. This is the third major victory for Garlinghouse…
In a bid to douse the fears of users about the safety of their funds, however, the platform has published a compensation plan. A recent filing has revealed that crypto asset platform JPEX is applying to nullify its registration with the Australian Securities and Investment Commission. As contained in the September 20 filing, which was…
The moves appear to be in line with a recent announcement by the US SEC. Some popular non-fungible token (NFT) marketplaces have banned the Stoner Cats NFTs from being traded on their platforms. Notable examples of such marketplaces include OpenSea, Blur, and Rarible. The moves, however, appear to be in line with a recent announcement…
Lan Zhang The promise of Enovix (NASDAQ:ENVX) was never going to be a straight line, but the volatility of its common shares has been intense, they’re down 30% over the last 1 year but have surged 115% from all-time lows set in 2023. I owned a small speculative position in the company but closed this…
Salame’s decision to cooperate with authorities and admit to his involvement in the alleged misconduct at FTX comes as a reversal of his earlier stance. Ryan Salame, a former top executive of the FTX Derivatives Exchange, the now-bankrupt crypto trading platform, has reportedly pleaded guilty to criminal charges in a New York courtroom. The timing…
The co-founder pleaded not guilty to all charges involving the alleged misuse of Tornado Cash for illicit activities. Tornado Cash co-founder Roman Storm has pleaded not guilty to all money laundering and violations charges. Storm, who was arrested in August, was charged with fellow co-founder and developer Roman Semenov. An Inner City Press thread on X (formerly…
Receive free BNP Paribas SA updates We’ll send you a myFT Daily Digest email rounding up the latest BNP Paribas SA news every morning. Litigation and restructuring costs dragged on BNP Paribas’s revenue and net income in the second quarter, even as the French bank profited from rising interest rates across its businesses and charges…