White House remains silent on returning donations from SBF
White House press secretary Karine Jean-Pierre refused to comment and dodged questions pertaining to if President Joe Biden is planning to return the political donations worth $5.2M from ex-FTX founder Sam Bankman-Fried. Will the president give the contribution back? In a news conference on December 13, Associated Press reporter Zeke Miller questioned, “Does he call […]
FSB suggests global standards for crypto regulation
Following the FTX crash, Dietrich Domanski, the outgoing secretary general of the Financial Stability Board (FSB), said the standards for crypto regulation are necessary to address risks within the crypto space. A worldwide financial watchdog took action in response to the FTX crash and issued suggestions to regulate the cryptocurrency market at the beginning of […]
SEC intends to file separate accusations against FTX’s SBF
SBF will be extradited to the United States after receiving formal criminal charges, where he will face separate charges from the SEC. The worst is still to come for Sam Bankman-Fried (SBF), the disgraced founder of the crypto exchange FTX. The United States Securities and Exchange Commission (SEC) announced on December 12 that it is […]
Bahamas police arrest Sam Bankman-Fried on U.S request
Authorities in The Bahamas have detained Sam Bankman-Fried, the founder and former CEO of the FTX crypto exchange and the founder of the trading business Alameda Research. According to a Dec. 12 statement from the Bahamas Attorney General (AG) and Minister of Legal Affairs, Ryan Pinder, Sam Bankman-Fried was arrested by the Royal Bahamas Police […]
SBF to testify before US Financial Services Committee remotely
FTX’s former CEO Sam Bankman-Fried (SBF) says he will testify before the US Financial Services Committee virtually after previously missing the deadline to confirm his appearance before the committee. Sam Bankman-Fried continued his “apology tour” by joining Unusual Whales on Twitter, where he informed the approximately 60,000 viewers that he will be appearing before the […]