SBF wants to see indictment before extradition to U.S
SBF told the magistrate judge that he wanted to see the indictment against him before agreeing to be extradited to the U.S. Sam Bankman-Fried (SBF), a former CEO of FTX who is currently charged with numerous counts of wire fraud and securities fraud, reportedly stated that he would not consent to extradition to the United […]
U.S DOJ divided over charging Binance for alleged crypto crimes
Binance has faced compliance warnings from many countries, but it managed to overcome those shortcomings in most nations barring the U.S. The investigation of cryptocurrency exchange Binance by the US Department of Justice (DOJ), which began in 2018, is almost over. According to a Reuters story, US prosecutors disagree over whether the accumulated evidence is […]
U.S Considering Bankman-Fried Extradition For Questioning
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO, Sam Bankman-Fried back to the U.S Sam Bankman-Fried, the former CEO of the company, may be extradited back to the United States for questioning in the wake of the FTX exchange liquidity issue and bankruptcy, according to reports from […]
NY Fed Begins 12-week CBDC Pilot Program With Major Banks
Major banks including BNY Mellon, Citi, U.S. Bank and Wells Fargo will be issuing tokens and settling transactions through CBDC pilot program. A 12-week proof-of-concept pilot for a central bank digital currency, or CBDC, was announced by the Innovation Center of the Federal Reserve Bank of New York, or NYIC. The program will investigate the […]
FTX U.S Leaves Crypto Council For Innovation
FTX U.S affiliate has resigned from a Washington based industry association in the aftermath of a trading scandal. The United States-based cryptocurrency advocacy organization Crypto Council for Innovation, or CCI, has let go of the position held by exchange FTX U.S. On Nov. 10, CCI CEO Sheila Warren announced that the council had accepted the […]