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Frustration for some of Bankman-Fried s victims who hoped for stiffer sentence

Frustration for some of Bankman-Fried s victims who hoped for stiffer sentence
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Frustration for some of Bankman-Fried s victims who hoped for stiffer sentence

WASHINGTON (Reuters) - Some former FTX customers expressed anger and disappointment on Thursday after Sam Bankman-Fried, the crypto exchange's former billionaire boss, was sentenced to 25 years in prison for stealing $8 billion from customers. "25 .

Coinbase must face US securities regulator s lawsuit

(Reuters) -A federal judge in Manhattan on Wednesday said the U.S. securities regulator's lawsuit against Coinbase can move forward, but dismissed one claim the agency made against the largest U.S. cryptocurrency exchange. U.S. District Judge Katherine Polk Failla partly granted Coinbase's motion to dismiss the Securities and Exchange Commission's lawsuit alleging the company is flouting its rules. While the decision is a partial win for Coinbase in what could be a lengthy and expensive court battle, it largely blesses the SEC's approach to cryptocurrency and agrees with other judges who have sided with the regulator.

Texas Attorney General Ken Paxton settles long-running fraud charges

Texas Attorney General Ken Paxton has struck a deal to resolve securities fraud charges brought by state prosecutors nearly a decade ago, his lawyers said on Tuesday.. -March 26, 2024 at 01:04 pm EDT - MarketScreener

US SEC seeks $2 billion from Ripple Labs, chief legal officer says

(Reuters) -The U.S. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its case against Ripple Labs over sales of the cryptocurrency XRP, the company's chief legal officer said in a social media post on Monday. In .

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