“No sane person would make those decisions,” says a former engineer at Alameda Research about what ultimately led to the collapse of Sam Bankman-Fried’s crypto empire.

The DOJ intends to highlight the experiences of retail and institutional clients who entrusted substantial assets to FTX.

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.

Will Bitcoin ETFs attract more regulatory attention to the crypto industry? We can only hope because many questions need to be answered.

Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process.

Sam Bankman-Fried’s lawyer asserts that the proposed questions already insinuate his guilt in fraud and money laundering.

The company cites the inability to meet regulators’ requirements but says it intends to return to the Dutch market.

The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occurring off-chain.

The action reportedly came as a part of a general inquiry of French antitrust authorities into the cloud computing sector.

“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges.