SBF pleads now not guilty, crypto layoffs, and bank travel on Silvergate: Hodler’s Digest, Jan. 1-7

SBF pleads no longer responsible, crypto layoffs, and financial institution hotfoot on Silvergate: Hodler’s Digest, Jan. 1-7

SBF pleads no longer responsible, crypto layoffs, and financial institution hotfoot on Silvergate: Hodler’s Digest, Jan. 1-7
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Sam Bankman-Fried enters no longer responsible plea for all counts in federal court docket

Extinct FTX CEO Sam Bankman-Fried (has pleaded no longer responsible to all charges associated to the crumple of the crypto alternate, including wire fraud and securities fraud. He faces eight prison counts, which would possibly well perhaps end result in 115 years in penal complicated if convicted. Furthemore, a petition has been filed by Bankman-Fried’s tremendous crew asking a court docket to redact and no longer disclose obvious knowledge on other people performing as sureties for his $250-million bond, alleging threats against his family.

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US Feds build together FTX job force to trace stolen particular person funds

A role force organized by the Southern District of Recent York has been formed to trace and obtain better missing buyer funds as neatly as review and prosecute the crumple of crypto alternate FTX. A equal effort had already been underway by FTXs contemporary management, which hired financial advisory company AlixPartners in December to conduct asset-tracing for missing digital property.

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