The former Alameda engineer stated that Bankman-Fried discussed "building a vaccine factory in the Bahamas to fix the invisible graveyard caused by slow FDA approvals."
Unfortunately, Binance did not reveal the reason behind this development.
Sam Bankman-Fried's current legal team plans to bring into the trial lawyers from Fenwick & West, as well as former FTX in-house lawyers Can Sun, Ryne Miller and Dan Friedberg.
Bitstamp's latest announcement on the suspension of its ETH staking program came on the heels of its plan to suspend the trading of Solana, Polygon, and other tokens for its U.S. users.
Authorities charged Roman Storm and Roman Semenov with federal money laundering and sanctions violations. The FBI arrested Storm on Wednesday, while Semenov is still at large.
While many are hyped about the rumor, some are skeptical of the possibility because of the ongoing case between Ripple Labs and the U.S. Securities and Exchange Commission.
Bankman-Fried's camp also claimed that the executive is being denied a vegan meal plan and is "literally now subsisting on bread and water."
Bitget said users should "Ensure that you complete level 1 KYC verification as soon as possible, to prevent any potential restrictions in trading and other services."
Titan is the first case for violating the SEC's amended marketing rule of December 2020 by putting misleading claims on its official website that were based on "hypothetical performance."
U.S. District Judge Jed Rakoff said last week that the SEC is legally entitled to utilize the process that was first introduced in the 1970 treaty to gather critical evidence from foreign countries.
The devastating price decline of WLD from its debut peak was sudden and sharp considering that it projected high expectations since it was backed by personalities like Sam Altman of OpenAI, the maker of ChatGPT.
In its motion to appeal the Ripple victory ruling, the major Wall Street regulator told the court that it "does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value," acknowledging that digital assets are not inherently securities.
The latest request from Bankman-Fried's camp followed Judge Kaplan's approval that he would be allowed access to his depression and ADHD medications.
Grayscale filed a lawsuit against the SEC in June 2022 after its spot bitcoin ETF proposal was rejected, but it is now looking to expand its ETF team amid a looming decision by the SEC on ether futures-based ETFs.
The Virtual Assets Regulatory Authority (VARA) fined OPNX 10,000,000 UAE dirhams ($2.7 million) and its executives 200,000 UAE dirhams (around $54,000) each for violations.
The exchange filed the protective order in response to the SEC's lawsuit, which was filed on Monday.
The DOJ alleged that Bankman-Fried "misappropriated and embezzled FTX customer deposits" and used the funds for a variety of purposes, including political funding.
"This Amicus Brief delivers the coup de grace to the SEC's argument that crypto tokens trading on secondary markets are investment contracts," James Murphy of Vanderbilt Law said in reference to the brief filed by the legal scholars.
"The case reached public notoriety in recent weeks due to the procedure of scanning the face and iris of numerous people in exchange for economic compensation in different parts of the Autonomous City of Buenos Aires and the provinces of Buenos Aires, Córdoba, Mendoza and Black river," the AAIP said in its announcement.
Galaxy Digital CEO Michael Novogratz previously said insiders within BlackRock and Invesco think the SEC's approval for spot Bitcoin ETF is a matter of "when" and "not if." He added the decision might be pushed back by four to six months.
Bittrex and the SEC reached a settlement amounting to $24 million, consisting of $14.4 million in disgorgement, $5.6 million in civil money penalties and $4 million in prejudgment interest on the disgorgement.
Ryan Salame, former co-CEO of FTX Digital Markets, is reportedly in discussions with federal prosecutors about a guilty plea for criminal charges.
It appears that the DOJ is not yet done with the embattled crypto mogul when it comes to charging him with campaign finance violations. The department said prosecutors will include the alleged illegal finance scheme in another charge.
The exchange's latest feat in El Salvador becomes its 18th registration in the global market, including countries like France, Italy, Spain, Sweden and Dubai.
The U.S. SEC is poised to announce its decision on spot Bitcoin ETF applications this month, potentially this week, indicating an imminent approval.
One of the main focuses of the supposed investigation is the $1.1 billion promissory note, which, according to Silbert, resulted from DCG assuming liabilities from Genesis. The latter suffered significantly because of the implosion of Three Arrows Capital, a bankrupt crypto hedge fund business.
KuCoin assured users that during the period when the platform will undergo the upgrade, the security of customers' funds in their KuCoin accounts will not be affected. But the platform urged its users to "complete the standard user identity verification (KYC) as soon as possible."
Following this major legal victory, Bitfinex and Tether reasserted that they are committed to protecting and upholding users' interests as well as those of the community.
Even as Gensler now wants to prioritize AI, it does not mean the SEC will no longer hover over the cryptocurrency industry.
KuCoin said in a statement that the decision was made due to its "evolving business strategy."
