Amr Alfiky/Reuters Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. New York CNN — US prosecutors submitted a letter to a New York federal court Friday saying that they don’t plan to proceed with a second trial against Sam Bankman-Fried, the disgraced founder of crypto
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NEW YORK – A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday. Prosecutors told U.S. District Judge Lewis A. Kaplan in a letter that evidence at a second trial
US prosecutors said on Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange. Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange.(Bloomberg) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In a letter filed in federal court in Manhattan, prosecutors
Updated Dec 30, 2023, 03:56 AM IST BlackRock, in a shocking move, filed its fifth amendment to its spot Bitcoin ETF application with the SEC naming JPMorgan Chase and Jane Street as authorized participants. The asset manager’s decision comes weeks after JPMorgan CEO Jamie Dimon criticized Bitcoin and cryptocurrency calling it “gold without a government”
BlackRock disclosed JPMorgan Securities and Jane Street as intended participants for its proposed Bitcoin ETF before the SEC decision. The asset management giant is set to collaborate with the participants, pending approval from the Securities and Exchange Commission (SEC). Authorized participants play a crucial role in ETF operations, as they can create and redeem shares.
A decentralized exchange (DEX) built on Osmosis (OSMO) was hacked for $1.14 million worth of crypto this week. The Levana Protocol (LVN), which focuses on perpetual swaps, announced on Wednesday that it had been hit with an oracle attack that impacted 10% of its liquidity pools (LPs). Levana says the issue has been resolved and
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Fairfax County Police are warning the community about a growing trend of Bitcoin and cryptocurrency scams. Fairfax County Police are warning the community about a growing trend of Bitcoin and cryptocurrency scams. “In almost a dozen reported cases since the end of October, our investigators have observed a trend in scams involving cryptocurrency,” the department
The past seven days saw the total cryptocurrency market capitalization increase by close to $20 billion, and it currently stands at $1.75 trillion. The interesting bit is that all of the gains come on the back of an increase in the altcoin market, rather than Bitcoin, which failed to perform as well. In fact, Bitcoin’s