DOJ Affirms Lack of Clear U.S. Crypto Regulation Doesn’t Impede Prosecution in Sam Bankman-Fried Case
The Department of Justice (DOJ) has clarified that the lack of a clear U.S. legal framework for cryptocurrencies does not hinder the prosecution of fraud charges against FTX founder Sam Bankman-Fried. Bankman-Fried's trial began with allegations that he misappropriated customer funds from FTX, to wh ...
Michael Lewis Biography Exposes Mismanagement Allegations at FTX Exchange and Sam Bankman-Fried’s ‘Rounding Error’ Attitude
A new biography by Michael Lewis has brought forward allegations of mismanagement at the FTX cryptocurrency exchange and revealed some intriguing details about its founder, Sam Bankman-Fried. In an interview on CBS's 60 Minutes, Lewis disclosed that Bankman-Fried regarded the missing billions of dol ...
Former FTX CEO Sam Bankman-Fried’s Criminal Trial Scheduled for 21 Days in October and November
The former CEO of FTX, Sam Bankman-Fried, is scheduled to appear in court for a criminal trial lasting approximately 21 days. The trial is set to commence on October 4 and conclude on November 9, according to a recently released trial calendar. The calendar includes jury selection beginning on Octob ...
Montenegro Supreme Court Overturns Bail Decision for Terraform Labs Founder
The Supreme Court of Montenegro overturned the lower court's decision to release Terraform Labs founder Do Kwon on bail. Earlier in May, the court allowed Do Kwon and former Terraform CFO Han Chang-Joon to be released from custody after being accused of document forgery b ...
Jump Trading Accused of Receiving $1 Billion in Unlawful Enrichment in Terraform Labs Deals
The Wall Street Journal (WSJ) reports, citing court documents, that market maker Jump Trading received $1 billion through its deals with Terraform Labs. According to the documents, the company purchased millions of UST tokens in 2021, hoping to manipulate their value. ...
Founder of Terraform Labs Granted Release from Custody by Montenegro Court
The Court of Montenegro allowed the release from custody of the founder of Terraform Labs, whom the country's authorities accused of forgery. In addition to Do Kwon, the company's former chief financial officer Han Chang-Joon will also be ...
South Korea and US Prosecutors Vying for Extradition of Former Terraform Labs Co-founder
South Korea is vying with U.S. prosecutors for the right to extradite former Terraform Labs co-founder Do Kwon to its territory, where he will face fraud charges. In a media interview in South Korea, the prosecutor leading the Do Kwon investigation said he believes extradit ...
Founder of Terraform Labs accused of using fake passport
The Montenegrin prosecutor's office has alleged that Do Kwon, the founder of Terraform Labs, made and utilized counterfeit identification documents, including a fake passport. This revelation was reported by DL News. Kwon reportedly attempted to fly from Podgorica to Dubai using the fraudulent do ...