The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
Category: Securities and Exchange Commission
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Coinbase Reaches $100 Million Settlement With New York Regulators
The New York Times – Business: -
Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The New York Times – Business:The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.
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The Week in Business: The FTX Founder’s Rapid Fall
The New York Times – Business:Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers.
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Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning
The New York Times – Business:A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.
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S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors
The New York Times – Business:The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company.
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FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
The New York Times – Business:Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
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FTX Assets Still Missing as Firm Begins Bankruptcy Process
The New York Times – Business:A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday.
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Inside Gary Gensler’s SEC Campaign to Rein In the Crypto Industry
The New York Times – Business:Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.
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Hundreds of Twitter Workers Quit as Musk Demands Loyalty
The New York Times – Business:Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment.