City Manhattan Financial News

09.03 / 12:45

Bankruptcy Celsius Bankrupt crypto network Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer – What's Going On?

The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table.

01.03 / 23:13

CFTC regulation SEC Fraud FTX SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case

Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud in Manhattan district court. Both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are pressing charges against Singh.

24.02 / 02:49

UPS CEO Fried Sam Sam Bankman-Fried Faces More Charges

Federal prosecutors filed more criminal charges against Sam Bankman-Fried, who is already accused of stealing billions from investors and customers of the collapsed FTX cryptocurrency exchange, which he co-founded and where he served as CEO until its bankruptcy last November.

21.02 / 14:43

Office Landlord Defaults Are Escalating as Lenders Brace for More Distress

The number of big office landlords defaulting on their loans is on the rise, fresh evidence that more developers believe that remote and hybrid work habits have permanently impaired the office market.

17.02 / 12:27

Digital SEC Luna SEC says TerraUSD founder Do Kwon misled investors

WASHINGTON—The founder of failed cryptocurrencies TerraUSD and Luna and his company misled US investors who purchased billions of dollars of the digital assets, the Securities and Exchange Commission said on 16 February.

17.02 / 02:03

UPS SEC CEO Action Southern Terraform Labs Luna Sec Charges SEC charges Do Kwon, Terraform with fraud in connection with Terra collapse

The Securities and Exchange Commission charged Terraform Labs and its CEO, Do Kwon, with fraud, alleging that they orchestrated a multibillion dollar «crypto asset securities fraud,» the SEC said Thursday.

14.02 / 18:47

BLOCK Fried Sam Sam Bankman-Fried uses VPN for Super Bowl; U.S. Government concerned

According to US prosecutors, Sam Bankman-Fried, the ex-founder of the defunct crypto exchange FTX, has been using a virtual private network (VPN) to access the internet. The concern could potentially prompt a further clampdown on his bail conditions.

14.02 / 13:13

CFTC SEC FTX Fried Sam lawsuits SEC and CFTC's Lawsuits against Sam Bankman-Fried Put on Hold by U.S. Judge – Here's Why

A New York judge has put cases against the former FTX CEO brought by the Securities and Exchange Commission and the Commodity Futures Trading Commission on hold until the criminal cases against him are concluded.

13.02 / 20:02

UPS Digital SEC Platform Action Gemini More Trouble For Winklevoss Brothers As SEC Sues Over 'Gemini Earn' Program

The Securities and Exchange Commission (SEC) sued crypto firms Genesis Global Capital and Gemini for offering and selling unregistered securities to investors through the Gemini Earn crypto lending program, just a day after crypto exchange Gemini terminated its flagship Earn program over a dispute with crypto lender Genesis.

13.02 / 19:06

UPS Target Cooper Aware CEO Platform Fried Sam NOT FTX Founder Sam Bankman-Fried Pleads Not Guilty, Trial in October

Disgraced former FTX CEO Sam Bankman-Fried pleaded not guilty to criminal charges of fraud, conspiracy, campaign finance law violations, and money laundering in a New York federal court, setting up a legal battle with his former business partners.

13.02 / 18:44

Platform Fried Sam Extradition NOT Sam Bankman-Fried Has Not Yet Agreed to Extradition to the U.S.

Sam Bankman-Fried, who is currently being held in a Bahamian jail after the collapse of FTX, will not decide whether to consent to extradition until he has read the indictment in Manhattan federal court, according to his lawyer, who appeared with him in a Bahamian court.

03.02 / 11:03

Man Trader charged after alleged $110m crypto manipulation scheme

A man who authorities say publicly admitted to manipulating trading on decentralised exchange Mango Markets and draining more than $110m of cryptocurrency is now facing US criminal and civil charges.

02.02 / 17:23

coinbase Legal Lawsuit Coinbase Emerges Victorious in Case Over Unregistered Securities Claims

Major crypto exchange Coinbase has achieved success in its legal battle related to a lawsuit filed by a group of clients who claimed the platform facilitated the sale of unregistered securities and failed to register as a broker-dealer. The exchange managed to secure a dismissal of the class-action suit.

01.02 / 19:17

cryptocurrency FTX Fried Sam Sam Bankman-Fried barred from contacting FTX employees, using Signal

A United States judge on Wednesday temporarily barred FTX founder Sam Bankman-Fried from contacting current or former employees of the cryptocurrency exchange or his Alameda Research hedge fund, and from using encrypted messaging tools including Signal.

30.01 / 10:19

business Law Art NFT Artists Court Hermes v MetaBirkin: NFT trademark stoush heads to trial in Manhattan

The trademark infringement trial between French luxury brand Hermès and digital artist Mason Rothschild is set to go ahead on Jan. 30 in a Manhattan federal court.

28.01 / 13:11

FTX Ftx Trial Fried Sam US Judge: Sam Bankman-Fried Attempted to Influence Witness via Encrypted Messenger App

Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, has allegedly tried to influence some potential witnesses of his trial via encrypted messaging software Signal.

13.01 / 12:31

Provident SEC Gemini SEC sues crypto firms Genesis and Gemini over $900m lending product

WASHINGTON—The Securities and Exchange Commission on 12 January sued Genesis Global Capital and Gemini Trust Company over a $900m crypto-lending program that allegedly violated investor-protection laws.

12.01 / 21:05

cryptocurrency FTX FTX founder makes first detailed response to fraud charges

am Bankman-Fried, the disgraced cryptocurrency executive, on Thursday made his first detailed response to the criminal charges filed against him last month, arguing that the millions of customers of his collapsed exchange, FTX, could still get their money back.

10.01 / 23:29

business Government Blockchain Ex-Coinbase manager's brother sentenced to 10 months in insider trading case

The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency.

04.01 / 10:17

Fried Sam NOT Sam Bankman-Fried to face trial in October after not guilty plea

FTX founder Sam Bankman-Fried pleaded not guilty to fraud and other criminal charges on 3 January, as a judge set his trial to begin 2 October.

03.01 / 20:23

cryptocurrency FTX Fried FTX fraud Sam fraud case NOT Sam Bankman-Fried set to enter not guilty plea in FTX fraud case

Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.

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