Category: Virtual Currency

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.
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.
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.
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.
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.
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.
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.
Sam Bankman-Fried’s Prosecutors Ask Judge to Tighten Bail Conditions

The New York Times – Business:
The move followed the disgraced cryptocurrency executive’s attempt to contact a potential witness in his criminal case, prosecutors said.
The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried

The New York Times – Business:
After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital.
Genesis, a Crypto Lending Firm, Files for Bankruptcy

The New York Times – Business:
Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried.
Crypto Lender Nexo Is Fined $45 Million

The New York Times – Business:
It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX.
Russian Citizen Accused of Running Cryptocurrency Exchange Used by Criminals

The New York Times – Business:
The charges were part of an intensifying effort by federal law enforcement agencies, in conjunction with European partners, to combat international cryptocurrency schemes and illegal transactions.