Bitcoin News / Bitcoinist - 1 year ago
As the year draws to a close, significant developments are emerging from the fallout of the defunct cryptocurrency exchange FTX, once led by convicted founder Sam Bankman-Fried. After months of anticipation, there are signs that payouts to FTX custom...
by COINS NEWS - 1 year ago
"Final court approval set for October 7th. If approved, the estate will have 60 days to make distributions out to creditors." Thoughts? Bullish? submitted by /u/davink91 [link] [comments]
Cryptocoins News / Finance Magnates - 1 year ago
Prager Metis, the accounting firm that audited FTX, has agreed to pay $745,000 in civil penalties to settle misconduct allegations brought by the Securities and Exchange Commission (SEC) in connection with its audits of the now-collapsed crypto excha...
Bitcoin News / Bitcoinist - 1 year ago
The US Securities and Exchange Commission (SEC) has settled with audit firm Prager Metis, which has agreed to pay $1.95 million to resolve misconduct allegations related to its audits of the now-defunct cryptocurrency exchange FTX.Β
$745,000 Over FTX...
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and...
Bitcoin News / Bitcoinist - 1 year ago
After being found guilty of fraud and conspiracy in November, former CEO of the now-defunct crypto exchange FTX, Sam Bankman-Fried, has appealed seeking a fresh trial.
His legal team contends that Lewis Kaplan, the presiding judge, was biased and th...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried, the former crypto billionaire who was convicted of fraud and sentenced to 25 years in prison, has formally appealed his conviction and requested a new trial. In the 102-page appeal, the legal representatives of the FTX founder accu...
Bitcoin News / Bitcoin.com - 1 year ago
Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different judg...
Bitcoin News / Bitcoinist - 1 year ago
In a dramatic hearing on Thursday, a federal judge expressed his anger at former FTX executive Ryan Salame, threatening sanctions for what he described as false testimony during Salameβs guilty plea last year.Β
According to CNBC, the proceedings occu...
More / Bitcoin Reddit - 1 year ago
We all remember Mt. Gox and the FUD that those repayments would create tons of selling pressure which never really materialized, or wasn't as substantial as some people were predicting. But now we have another round of re-payments from a defunct...
Bitcoin News / Bitcoin.com - 1 year ago
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not e...
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its βcrypto asset securities.β The SECβs Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transaction...