CRYCUR

FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

NEW YORK, Jan 28 (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.” The lawyers were responding to a Friday …

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Exclusive: Binance $346 mln for seized crypto exchange Bitzlato, data show

LONDON, Jan 24 (Reuters) – Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine,” blockchain data seen by Reuters show. The Justice Department on Jan. 18 said it charged Bitzlato’s co-founder and majority …

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Feds seized nearly $700 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. BankmanFried, who has been accused- dollars of stealing billions from FTX customers to pay debts incurred by his cryptofocused hedge fund, has …

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Car drove into barricade outside Bankman-Fried’s home, lawyers say

NEW YORK, Jan 19 (Reuters) – A car drove into a metal barricade outside Sam Bankman-Fried’s home in California, his lawyers said on Thursday, in a recent incident they said underscores the security risks faced by the FTX founder and those ensuring his return to court. In a filing in Manhattan federal court, lawyers for …

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Crypto lending unit of Genesis files for US bankruptcy

Jan 20 (Reuters) – The lending unit of crypto firm Genesis filed on Thursday for US bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov. 16 after FTX stunned the financial …

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Crypto lender Genesis preparing to file for bankruptcy – Bloomberg News

Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze customer redemptions on Nov. 16 following the downfall of major cryptocurrency …

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US to announce international cryptocurrency action -statement

WASHINGTON, Jan 18 (Reuters) – The US Justice Department will “announce a major, international cryptocurrency enforcement action” on Wednesday, it said in a statement, adding the US Treasury Department will also make an announcement. “The US Department of the Treasury will also announce an action in this space,” the statement said. US officials, including Deputy …

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FTX reports $415 mln in hacked crypto, Bankman-Fried says FTX US is solvent

Jan 17 (Reuters) – Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over $5 billion in crypto, cash and liquid securities, but that significant shortfalls remained at both its international and US crypto exchanges. …

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