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NEW YORK, Jan 28 (Reuters) – Legal professionals for Sam Bankman-Fried on Saturday urged a U.S. choose to not ban the indicted FTX cryptocurrency govt from speaking with former colleagues as a part of his bail, saying prosecutors “sandbagged” the method to place their shopper within the “worst potential mild.” The attorneys have been responding … Read more
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SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court docket on Thursday accepted Brazilian retailer Americanas SA’s (AMER3.SA) chapter safety request, days after the corporate disclosed almost $4 billion in accounting inconsistencies which have sparked a authorized feud with collectors and traders. Americanas, a 93-year-old firm with shops throughout Brazil and a serious … Read more
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Jan 7 (Reuters) – A U.S. Trustee filed an objection on Saturday to plans by bankrupt crypto alternate FTX to promote its digital forex futures and clearinghouse LedgerX, in addition to models in Japan and Europe, in line with a courtroom submitting. FTX filed for chapter safety in November and stated final month it deliberate … Read more
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Jan 5 (Reuters) – FTX’s former prime lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they examine the crypto agency’s collapse, a supply aware of the matter mentioned, including strain on founder Sam Bankman-Fried who was arrested on felony fraud prices final month. Friedberg gave particulars about FTX in a Nov. 22 assembly with … Read more
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NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and different FTX executives obtained billions of {dollars} in secret loans from the crypto mogul’s Alameda Analysis, the hedge fund’s former chief advised a decide when she pleaded responsible to her position within the change’s collapse. Caroline Ellison, former chief govt of Alameda Analysis, mentioned she agreed … Read more
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Dec 19 (Reuters) – Insurers are denying or limiting protection to purchasers with publicity to bankrupt crypto trade FTX, leaving digital forex merchants and exchanges uninsured for any losses from hacks, theft or lawsuits, a number of market contributors mentioned. Insurers had been already reluctant to underwrite asset and administrators and officers (D&O) safety insurance … Read more
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NEW YORK, Dec 14 (Reuters) – The U.S. Securities and Trade Fee on Wednesday voted to suggest a few of the largest modifications to American fairness market construction in practically 20 years, aimed toward boosting transparency and equity whereas rising competitors for particular person buyers’ inventory orders. The proposals embody requiring marketable retail inventory orders … Read more
Dec 13 (Reuters) – FTX founder Sam Bankman-Fried was arrested within the Bahamas on Monday and charged by the U.S. Division of Justice on Tuesday with defrauding buyers in what regulators known as a “brazen, multi-year scheme” that ended when his empire filed for chapter final month. Right here is the newest on the collapse … Read more
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NASSAU, Bahamas/NEW YORK, Dec 13 (Reuters) – U.S. prosecutors on Tuesday accused Sam Bankman-Fried, the founding father of crypto foreign money trade FTX, of fraud and violating marketing campaign finance legal guidelines and a choose within the Bahamas denied him bail, sending him to a neighborhood correctional facility as a substitute. The previous FTX CEO, … Read more
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Dec 12 (Reuters) – (Editor’s observe: This story comprises language in paragraph 18 that some readers might discover offensive) FTX founder Sam Bankman-Fried was arrested within the Bahamas on the behest of U.S. prosecutors on Monday, the day earlier than he was on account of testify earlier than Congress in regards to the abrupt failure … Read more