State California Financial News
29.12 / 07:09
business
Court
Stanford University
Fried
Sam
bail
Sam Bankman-Fried's life on bail: Armed guards, daily jogs and gawkers
Sam Bankman-Fried has reportedly been leading a decent lifestyle while under house arrest in his parent’s home in Palo Alto — with daily jogs, a security detail, and a couple of in-home visits.
29.12 / 05:45
regulation
Scams
Fraud
Crypto Websites
California regulator warns of 17 crypto websites suspected of fraud
The California Department of Financial Protection and Innovation (DFPI) has fired off 17 separate warnings over two days of crypto brokers and websites it suspects of being fraudulent.
29.12 / 00:25
business
FTX
Fried
week
Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan
Former FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation to the collapse of the FTX cryptocurrency exchange, Reuters reported Dec. 28 citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.
28.12 / 17:13
Platform
FTX
SBF
Bitcoin
Department
US Department of Justice Launches Investigation Into $370 Million FTX Hack
As the US authorities continue their investigation into the sudden collapse of major crypto exchange FTX, federal prosecutors are probing an alleged hack that allowed cyber criminals to steal assets worth more than $370 million from the platform hours after it filed for bankruptcy.
28.12 / 13:05
FTX
Ftx Trial
Fried
Sam
Sam Bankman-Fried Spent Several Hours with 'The Big Short' Writer Michael Lewis While Under House Arrest
Michael Lewis, author of the bestseller book The Big Short, has met with Sam Bankman-Fried, the disgraced founder and former CEO of the collapsed crypto exchange FTX, at the California home where he is holed up awaiting trial.
26.12 / 23:21
regulation
Taxes
bail
SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26
Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo Alto, California. A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. His parents secured his bail with the equity in their house. Some Twitter users found this development either amusing or suspicious.
24.12 / 12:53
business
cryptocurrency
World
Fried
Sam
bail
How Did Sam Bankman-Fried Make His $250 Million Bail?
The release this week of Sam Bankman-Fried, the disgraced cryptocurrency executive, from federal custody on a $250 million bond has raised questions about the federal bail process and why such a high-profile defendant was allowed to go free.
23.12 / 23:03
23.12 / 15:11
business
Law
Robinhood
regulation
FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares
Embattled crypto exchange FTX asked for the assistance of a United States bankruptcy judge to prevent crypto lending firm BlockFi from claiming around $450 million worth of Robinhood shares purchased by its former CEO Sam Bankman-Fried.
23.12 / 14:43
Digital
Cooper
Williams
Fried
Sam
bail
FTX founder Sam Bankman-Fried to be released on $250 million bail and will live with his parents
Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse on Thursday with his parents after they agreed to sign a $250 million (€235 million) bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
23.12 / 14:23
cryptocurrency
FTX
SBF
Jail
Fried
Sam
4 conditions under which Sam Bankman-Fried has been released from jail
Sam Bankman-Fried, the ex-FTX CEO arrested for criminal fraud, has been released on a $250-million bail. The 30-year-old, once the toast of the crypto world, stands accused of stealing billions of dollars belonging to customers.
23.12 / 11:11
US court
Fried
Sam
Sam Bankman-Fried released on $250m bond after FTX founder faces US court
FTX founder Sam Bankman-Fried was released on a $250m bond 22 December and ordered to stay in his parents’ Palo Alto, California, home, after the former executive’s first appearance in a New York federal court following his extradition from the Bahamas.
22.12 / 22:55
regulation
FTX
bail
SBF sent home after his parents put up their house to cover his astronomical bail bond
Sam Bankman-Fried, the former CEO of FTX now facing criminal charges that could land him in jail for the rest of his life, may be granted bail in the United States ahead of his trail, Reuters reported Dec. 21.
22.12 / 07:17
business
Ethereum
Adoption
Bitcoin
services
California regulators order MyConstant to cease crypto-lending services
The California Department of Financial Protection and Innovation (DFPI) has ordered crypto lending platform MyConstant to cease offering a number of its crypto-related products over alleged state securities law violations.
21.12 / 00:01
US President
Deal
Iran nuclear deal is 'dead', claims US President Joe Biden
The Iran nuclear deal "is dead", US President Joe Biden has said in footage widely circulated on social media.
20.12 / 09:53
European Union
Harvey Weinstein found guilty of rape in second sexual misconduct trial
Jurors in Los Angeles on Monday found Harvey Weinstein guilty of the rape and sexual assault of just one of the four accusers he was charged with abusing.
16.12 / 11:51
business
Law
regulation
FTX
Silvergate faces class-action lawsuit over FTX and Alameda dealings
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.
13.12 / 09:15
Law
CFTC
Court
Judge orders CFTC to serve Ooki DAO founders with lawsuit
A United States federal judge has ordered the Commodities Future Trading Commission (CFTC) to serve its lawsuit to the two original founders of the Ooki decentralized autonomous organization (DAO).
11.12 / 20:03
business
Law
SEC
Bankruptcy
SEC crypto
Former top SEC crypto regulator hired by Caroline Ellison
A former top crypto regulator in the United States Securities and Exchange Commission (SEC) will represent Caroline Ellison, ex-Alameda Research CEO, in an ongoing federal probe, according to a report from Bloomberg on Dec. 10.
10.12 / 19:17
business
Law
NFT
Digital Asset
Yuga Labs, Moonpay faces lawsuit over celebrities NFT promotion
Yuga Labs, creators of Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay are facing a class-action lawsuit for allegedly using celebrities to misleadingly promote and sell nonfungible tokens (NFTs).
10.12 / 14:19
ATM
Bitcoin
Florida best-prepared US state for widespread crypto adoption: Research
It’s not just pro-crypto regulations but also a supporting infrastructure that allows sustainable crypto adoption in any jurisdiction. Weighing in factors such as the number of Bitcoin (BTC) ATMs, blockchain companies and public interest in cryptocurrencies, Florida comes out as the most crypto-ready state in the United States.
latest developments in state California
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