New York Financial News

A United States federal judge is reportedly weighing a proposal to split former FTX CEO Sam Bankman-Fried’s (SBF) criminal charges into two trials following a filing from prosecutors. 

US law firms are set to double down on their investment in London which has seen New York’s legal elite hire snap up leading partner talent from UK rivals, according to London’s top lawyers

Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that it would significantly speed up legal proceedings.

A well-developed market for institutional clients combined with the rich pickings from alternative investments has for the past decade been pushing fintech platforms such as Moonfare and iCapital to open up private markets to a wider field of investor.

Binance.US has bulked up its legal expertise and added four lawyers to fight recent charges from the US Securities and Exchange Commission. 

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The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year. 

In today’s competitive job market, finding the right IT job can be challenging. However, using the power of Google search operators can substantially increase one’s job search and help land the perfect opportunity.

crypto industry, and said many companies in the space had made a «calculated economic decision» to flout its rules. Speaking at a Piper Sandler conference in New York, Gary Gensler also reiterated his view that the «vast majority» of crypto tokens meet the test for being a security and should be registered with the SEC. That means most crypto exchanges have to comply with the securities laws too, he added. «When crypto asset market participants go on Twitter or TV and say they lacked 'fair notice' that their conduct could be illegal, don't believe it,» he said. «They may have made a calculated economic decision to take the risk of enforcement as the cost of doing business.» The crypto industry has attacked Gensler in recent days after the SEC sued two of the world's largest crypto exchanges, Coinbase and Binance, for allegedly breaking securities laws by failing to register their operations with the agency.

The U.S. Department of Justice (DOJ) said that Russian nationals Alexey Bilyuchenko and Aleksandr Verner were responsible for hacking now defunct cryptocurrency exchange Mt. Gox in 2011, laundering bitcoin from the hack, and operating an illicit crypto exchange of their own.

The United States Justice Department has unsealed charges against two men it says are responsible for the $400 million hack of former Bitcoin (BTC) exchange Mt. Gox. According to the announcement, 43-year-old Alexey Bilyuchenko and 29 year old Aleksandr Verner allegedly conspired to launder 647,000 BTC they stole from Mt. Gox through a hack of the exchange’s servers. 

The US Department of Justice unsealed charges against Russian nationals Alexey Bilyuchenko and Aleksandr Verner, for allegedly stealing thousands of bitcoin from the Mt.Gox crypto exchange back in 2011 to 2014. 

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The list of around nine million FTX customers is “extraordinarily valuable” and could harm the crypto exchange’s sale value if released, a member of the FTX restructuring team has argued.

Morgan Stanley’s global chair of M&A Robert Kindler is leaving the bank to join law firm Paul Weiss Rifkind Wharton & Garrison in New York.

A United States federal judge has recently dismissed the lawsuit against the decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the correct place to air out concerns against the DeFi startup. 

Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the U.S. Securities and Exchange Commission.

Following the Securities and Exchanges Commission (SEC) lawsuit, US-based crypto exchange, Coinbase, has received multiple Show Cause orders from US states. 

Last year, MAS and the Fed’s New York Innovation Centre teamed up to explore the use of wholesale CBDCs for cross-border payments. The experiment was conducted in a test environment and the hypothetical payments were settled using simulated wholesale central bank digital currencies.

Morgan Stanley’s global chair of M&A Robert Kindler is leaving the bank to join law firm Paul Weiss Rifkind Wharton & Garrison in New York.

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10 month timespan in 2018.