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The Wild West crypto industry's era is OVER after Sam Bankman-Fried's $10B fraud conviction: Silicon Valley investment giant who lauded disgraced FTX investor says he and others were 'misled and lied to'

Sequioa partner Alfred Lin said he was deceived by Sam Bankman-Fried following the disgraced FTX founders conviction. Sequioa had $213.5 million invested in FTX prior to its collapse.
New York United States Menlo Park Alfred Lin Elizabeth Warren Letitia James

Factbox-The other crypto bosses in US authorities' crosshairs

Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry. The U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Zhao in June for allegedly operating "a web of deception." Binance and Zhao were also sued by the U.S. Commodity Futures Trading Commission in March for operating what the regulator alleged were an "illegal&#x2...
New York United States Letitia James Alex Mashinsky Sam Bankman Barry Silbert
Source: yahoo.com

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Celsius Judge Asks SEC to Weigh In on Restart Plan--And Quickly

(Bloomberg) -- The New York judge overseeing Celsius Network LLC’s bankruptcy urged the US Securities and Exchange Commission to move quickly in deciding if it will authorize the failed crypto lender’s plan to transform itself through Chapter 11 into a publicly-traded Bitcoin mining firm.Most Read from BloombergIsrael Latest: Netanyahu Rules Out Cease-Fire, UN Warns on SyriaInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialSony’s Bungie Game Unit Cuts Staff Followi...
New York United States Bloomberg Businessweek Martin Glenn Exchange Commission Celsius Network
Source: yahoo.com

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