The agency charged Justin Sun with violations of securities law in a scheme involving the actress Lindsay Lohan and other celebrities.
Category: Virtual Currency
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Crypto Wants Its Shine Back
The New York Times – Business:After a miserable year, cryptocurrency companies are looking for ways to rebrand products that many consumers no longer trust.
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Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech
The New York Times – Business:The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
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Manchester United Sale Fetches Billion-Dollar Bids
The New York Times – Business:Several bidders have emerged to buy the English soccer club, promising to pay billions to own a big piece of the world’s most popular sport.
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Government Cracks Down on Crypto Industry With Flurry of Actions
The New York Times – Business:State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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Judge Signals Jail Time if Bankman-Fried’s Internet Access Is Not Curbed
The New York Times – Business:The defendant in a widespread cryptocurrency fraud case has been living in a “garden of electronic devices,” the judge says. Tighter restrictions are ahead.
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FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
The New York Times – Business:The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund.
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Crypto Ads Noticeably Missing From This Year’s Super Bowl Commercials
The New York Times – Business:At this year’s Super Bowl, crypto ads are nowhere to be found.
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Sam Bankman-Fried Needs Tighter Bail Restrictions, Judge Says
The New York Times – Business:A federal judge said he was not satisfied with a plan that lawyers for the disgraced FTX founder struck with prosecutors to limit his use of encrypted messaging apps.
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Ex-Coinbase Employee Pleads Guilty to Insider Trading
The New York Times – Business:The case was part of a crackdown on an old-school financial crime in the crypto world.
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FTX Inquiry Expands as Prosecutors Reach Out to Former Executives
The New York Times – Business:Federal prosecutors in Manhattan are speaking with lawyers for former officials at the collapsed crypto exchange FTX and scrutinizing the immediate family of its founder, Sam Bankman-Fried.