The prosecutors on the case have said they will not oppose bail if the defendants submit their travel documents and fulfil other conditions. In separate actions, the US Securities and Exchange Commission (SEC) has also charged Ellison and Gary Wang for their roles in a multiyear scheme to defraud equity investors of the crypto trading…
Read more
Reuters reported that Bankman-Fried told staff members he has discussed raising $1 billion from Justin Sun, the Founder of the blockchain, Tron. FTX’s found has also discussed raising funds with rival exchange OKX and stablecoin platform Tether, Reuters said. Justin Sun tweeted on Thursday that Tron was “putting together a solution” for FTX. He said:…
Read more
FTX, a cryptocurrency derivatives exchange owned by Alameda Research, is facing a $150 million lawsuit over deceptive market manipulation tactics on the Binance exchange, while also being accused of selling unlicensed securities in the U.S. The plaintiff, Bitcoin Manipulation Abatement LLC, is already making a name for itself, due to this litigation, which demands $150…
Read more