Bankruptcy
Bankruptcy judge Michael Kaplan considers moving Robinhood shares, claimed by both BlockFi and FTX, to a neutral broker or an escrow account until the rightful owner is determined.
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Policy
Mar. 28, 2024
LIVE: Sam Bankman-Fried Returns to New York Courthouse for Sentencing in FTX Fraud Case
Sam Bankman-Fried is in a Manhattan courthouse again on Thursday to face sentencing after his November conviction on seven different fraud and conspiracy charges tied to the operation and collapse of FTX. The former CEO faces decades behind bars...
Policy
Mar. 28, 2024
Recapping FTX Founder Sam Bankman-Fried's Trial
Thousands of people’s financial stability was taken 15 months ago when FTX founder and then CEO Sam Bankman-Fried’s lies were exposed and the former crypto exchange fell apart . Today, Bankman-Fried could be sentenced to up to 50 years in priso...
Policy
Mar. 28, 2024
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
A lack of regulation "creates significant loopholes for both criminals and terrorists to exploit" and is "a call to action that we need countries to take this problem seriously," Financial Action Task Force President T. Raja Kumar said in an i...
Policy
Mar. 28, 2024
Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal
Indonesia's Financial Services Authority (OJK) takes over regulation of the crypto industry from the commodities agency Bappebti in January 2025. Crypto firms will have to pass an evaluation in a sandbox environment by the new regulator before ...
Policy
Mar. 28, 2024
Canadian Province Asks QuadrigaCX Co-Founder to Explain His Wealth in New Order
QuadrigaCX co-founder Michael Patryn is the target of an unexplained wealth order by the Canadian Province of British Columbia. This tool is relatively novel, and Patryn has contested the claim, with his counsel calling it unconstitutional Th...
Policy
Mar. 27, 2024
U.S., U.K. Issue Joint Sanctions of ‘Hamas-Aligned’ Gaza Now
Gaza Now and its founder have been sanctioned for facilitating financial donations for Hamas in the wake of the October 7 attack in Israel Elliptic found that Gaza Now received $21,000 in crypto-denominated donations in the weeks after the atta...