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Alameda Accused of Misusing FTX Customer Funds in Court

Alameda Accused of Misusing FTX Customer Funds in Court

Key personnel from FTX and Alameda Research, during a trial, revealed concerning financial mismanagement and misrepresentation practices within the organizations. Gary Wang and Caroline Ellison's testimonies provided insights into significant financial instabilities, misuse of FTX funds by Alameda, and personal ventures being funded through loans from Alameda. The trial uncovers a complex scenario of financial misconduct and troubling personal-professional relationships, shedding light on alarming practices within these crypto entities.

Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans

Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans

Samuel Bankman-Fried's defense team has submitted a letter to U.S. District Judge Lewis A. Kaplan, seeking permission to question the involvement of FTX lawyers in the issuance of loans worth up to $300 million from Alameda Research to Gary Wang. The request comes after an October 1 court ruling provisionally barred any mention of FTX lawyers' involvement without prior permission. The defense aims to establish Bankman-Fried's good faith and lack of criminal intent in the ongoing money laundering case.

Joe Biden Considers Crypto-Friendly Former CFTC Chair Gary Gensler For Deputy Treasury Secretary

Joe Biden Considers Crypto-Friendly Former CFTC Chair Gary Gensler For Deputy Treasury Secretary

President-elect Joe Biden is considering Gary Gensler, the former Commodity Futures Trading Commission chairman, to become Deputy Treasury Secretary.

What Will Gary Gensler’s Confirmation to The Role of SEC Chair Mean for The Crypto Industry?

What Will Gary Gensler’s Confirmation to The Role of SEC Chair Mean for The Crypto Industry?

SEC chairman nominee Gary Gensler testified before the Senate Banking Committee as part of his confirmation hearing.

Bitcoin Recovers from Plunge Triggered by Confirmation Hearing for SEC Chair Nominee Gary Gensler

Bitcoin Recovers from Plunge Triggered by Confirmation Hearing for SEC Chair Nominee Gary Gensler

Bitcoin (BTC) dipped after Gary Gensler said that it was a challenge for the SEC to keep cryptocurrency markets free of fraud.

Former SEC Commissioner Says Incoming SEC Chair Gary Gensler Could Withdraw Lawsuit against Ripple

Former SEC Commissioner Says Incoming SEC Chair Gary Gensler Could Withdraw Lawsuit against Ripple

Gary Gensler, who has been tapped by President Joe Biden to lead the Securities and Exchange Commission (SEC) as chairman, is awaiting the Senate floor’s final vote.

Biden Appointed SEC Chair Gary Gensler is not Going to Save Ripple's XRP Token

Biden Appointed SEC Chair Gary Gensler is not Going to Save Ripple's XRP Token

Ripple CEO Brad Garlinghouse is celebrating President-elect Joe Bidens Decision to appoint Gary Gensler to SEC chair—but this will not make the lawsuit against XRP go away.

China's Vice President Wang Qishan: World Economy In Deep Recession, Finance Is The Core of Modern Economy

China's Vice President Wang Qishan: World Economy In Deep Recession, Finance Is The Core of Modern Economy

During Qishan Wang's speech, the Vice President of the People's Republic of China gave an overview of the world trend in economic development and finance.

Stimulus Checks and Gary Gensler: Is President-elect Joe Biden Long on Bitcoin and Altcoins?

Stimulus Checks and Gary Gensler: Is President-elect Joe Biden Long on Bitcoin and Altcoins?

Is President-elect Joe Biden long on Bitcoin and cryptocurrency?

China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker

China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker

Former Chinese banker, Wang Yongli suggested that a push for digital currencies to substitute all currencies is needed to support monetary operation reforms.

Schedule for SEC Case against Ripple Approved by Court, Hearing for SEC Chair Nominee Gary Gensler Set for March

Schedule for SEC Case against Ripple Approved by Court, Hearing for SEC Chair Nominee Gary Gensler Set for March

A management plan and a scheduling order for the SEC case against Ripple Labs has officially been approved by the court.

What Biden’s Presidency Could Mean for Crypto

What Biden’s Presidency Could Mean for Crypto

With Joe Biden's presidential win, the crypto community has speculated on how this would impact the industry.

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