NY Judge Approves $12.7B FTX-Alameda Settlement with CFTC
A New York judge approved a $12.7 billion settlement for FTX and Alameda Research to repay FTX creditors in agreement with the CFTC. As part of a settlement with the United States Commodity Futures Trading Commission (CFTC), a New York judge has granted final sanction for the defunct crypto exchange FTX and its sister trading […]
US Senators Asks CFTC To Conclude Ban On Election Betting
Five US Senators and three House reps have issued a new round of calls to the commodities regulator to prohibit betting on the 2024 presidential election. Polymarket, a decentralized prediction platform, has amassed over $500 million in bets on the likely winner of the 2024 United States presidential election.In a letter to Rostin Benham, the […]
CFTC Investigates Ben Armstrong for Meme Crypto Fraud
The CFTC recently issued a subpoena to Hit Network, a crypto media company that initially had Ben Armstrong as its public face, for fraudulent activity with meme tokens. The CFTC (Commodity Futures Trading Commission) has recently conducted an investigation into a meme crypto fraud that involved the renowned crypto YouTuber Ben Armstrong, also known as […]
Crypto/Forex Fraudster To Pay $31M In CFTC Enforcement Action
The case between the CFTC and crypto/forex fraudster Alejandro Tinoco, who stole millions in forex-related offenses, has been resolved. Abner Alejandro Tinoco and Kikit & Mess Investments, LLC. will be required to pay a total of $31 million as a penalty in a Commodity Futures Trading Commission (C.F.T.C.) crypto fraud enforcement action. El Paso’s Forex, […]
President Of Jump Crypto Resigns Amid CFTC Investigation
Kanav Kariya, the president of Jump Crypto, has announced his resignation amid reports of a pending investigation into the firm’s activities. In response to widespread reports of a Commodity Futures Trading Commission (CFTC) investigation, Kanav Kariya, the president of Jump Crypto and the chief of Jump Trading’s digital asset subsidiary, has announced his resignation. In […]