Tag Archives: assets

SBF pleads not guilty to latest charges, and OKX to turn over frozen FTX assets: CNBC Crypto World – CNBC Television

  1. SBF pleads not guilty to latest charges, and OKX to turn over frozen FTX assets: CNBC Crypto World CNBC Television
  2. Bitcoin, Ethereum, Dogecoin Spike Despite Crypto Exchange Shutdown After SEC Lawsuit: Analyst Says Apex Crypto Has ‘Plenty Of Room To Grow’ Benzinga
  3. First Mover Asia: Bitcoin Rises Above $28.3K Despite Binance Legal Woes CoinDesk
  4. Can bitcoin hold gains, as regulators target crypto companies? MarketWatch
  5. Crypto Analyst Benjamin Cowen Warns Bitcoin (BTC) Primed for ‘One More Scare’ – Here Are His Targets The Daily Hodl
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Binance.US Can Move Ahead With Plan to Acquire Voyager Digital’s Assets, Judge Rules – CoinDesk

  1. Binance.US Can Move Ahead With Plan to Acquire Voyager Digital’s Assets, Judge Rules CoinDesk
  2. US Judge Approves $1,300,000,000 Binance.US Deal With Voyager After Dismissing SEC Objections The Daily Hodl
  3. Binance.US Takes Over Voyager’s Assets With Judge’s Approval TheStreet
  4. SEC dealt blow as Judge clears Binance.US to buy Bankrupt Voyager Digital Assets – Will this affect Ripple and Binance securities case? Crypto News Flash
  5. Binance.US Can Proceed With Plan to Acquire Voyager Digital’s Assets, Judge Rules CoinDesk
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Frequency falters after phase 2 fail, axing 2 assets and 55% of staff – FierceBiotech

  1. Frequency falters after phase 2 fail, axing 2 assets and 55% of staff FierceBiotech
  2. Lexington biotech lays off half of its workforce after hearing loss drug fails major study The Boston Globe
  3. Biotech layoffs 2023: Frequency Therapeutics to lay off most of its staff in wake of trial failure – Boston Business Journal The Business Journals
  4. Frequency stock crashes 75% on cutting hearing loss programs as trial fails; cuts 55% jobs Seeking Alpha
  5. Frequency Therapeutics President, CEO Lucchino Takes Medical Leave >FREQ MarketWatch
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U.S. Federal Reserve Governor Compares Crypto Assets to Baseball Cards, Argues They’re Just Speculative – The Daily Hodl

  1. U.S. Federal Reserve Governor Compares Crypto Assets to Baseball Cards, Argues They’re Just Speculative The Daily Hodl
  2. Fed Governor warns crypto investors: ‘Don’t expect taxpayers to socialize your losses’ MarketWatch
  3. Fed’s Waller calls crypto ‘nothing more than a speculative asset’ Yahoo Finance
  4. A top Fed official just compared ‘speculative’ crypto to baseball cards and had a stark warning for owners: ‘Don’t expect taxpayers to socialize your losses’ Fortune
  5. Fed’s Waller says cryptocurrency buyers could lose their entire investments ZAWYA
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Feds seize more than $600 million in assets from FTX founder Sam Bankman-Fried: Court filing

The federal government has seized more than $600 million in assets from disgraced cryptocurrency executive Sam-Bankman Fried this month, according to a new court filing.

The seizures are part of the criminal case against Bankman-Fried, 30, who has pleaded not guilty to fraud and conspiracy charges linked to the alleged theft of billions of dollars from customers of and investors in FTX, the now-bankrupt crypto exchange he founded.

Federal prosecutors provided on Friday a list of assets subject to forfeiture as a result of the criminal charges, including cash held in various banks and accounts along with more than 55 million Robinhood shares.

The most recent seizure came on Thursday, when the government took $94,570,490.63 in U.S. currency held at Silvergate Bank, according to the filing. Several Binance accounts have also been seized, the filing shows, though their values were not included.

Former FTX CEO Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, Jan. 3, 2023.

David Dee Delgado/Reuters, FILE

Bankman-Fried has been charged with eight counts of fraud and conspiracy. Federal prosecutors have alleged Bankman-Fried orchestrated one of the “biggest financial frauds in American history” by steering billions in FTX customer and investor money and funneling it to his privately controlled hedge fund Alameda Research.

Other funds were used to buy lavish real estate and to make tens of millions in political donations, court records stated.

He is tentatively scheduled to stand trial in October.

Bankman-Fried was extradited from the Bahamas, where he lived in a multimillion-dollar mansion, on Dec. 21.

Before his arrest last month, Bankman-Fried insisted in numerous interviews, including one with ABC News, that he did not know about any improper use of funds from FTX customers.

In the ABC News interview, Bankman-Fried told George Stephanopoulos that he has just one ATM card and “$100,000 left in my bank account.”

“That’s honestly, to my knowledge, that’s what I have,” he said.

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Andrew Tate loses $4 million in assets after Romanian authorities seize luxury vehicles, watches

Romanian authorities seized nearly $4 million in assets as part of their sex trafficking investigation against social media influence Andrew Tate on Sunday.

Romania’s National Agency for the Management of Seized Assets seized 29 “moveable assets” from Tate’s house near the capital of Bucharest and pictures from the compound show authorities towing away luxury vehicles. Tate, his brother and two women are facing sex trafficking charges.

Images show authorities loading up a Rolls-Royce, Lamborghini and other exotic vehicles on Saturday. Authorities did not release images of the watches and other items they confiscated.

Tate has been in Romanian custody since December 29, and Romanian courts rejected his challenge to his current 30-day arrest warrant, according to Reuters.

CONSERVATIVE NONPROFIT LAUNCHES AD CAMPAIGN TARGETING BILLS OVER BIG TECH CENSORSHIP

Romanian officials transport the cars seized from Andrew Tate’s compound to a storage location in Pipera, Ilfov, Romania, January 14, 2023. (Inquam Photos/Octav Ganea via REUTERS) (Reuters Photos)

Romanian officials transport the cars seized from the Tate compund to an undisclosed storage location, from Voluntari, Ilfov, Romania, January 14, 2023. (Inquam Photos/Octav Ganea via REUTERS) (Reuters Photos)

Romanian officials transport the cars seized from the Tate compund to an undisclosed storage location, from Voluntari, Ilfov, Romania, January 14, 2023. (Inquam Photos/Octav Ganea via REUTERS) (Reuters Photos)

Prosecutors from the anti-organized-crime unit issued a statement on the matter after raiding Tate’s and others’ properties in Bucharest in late December.

ANDREW TATE CLAIMS BIG TECH BANNED HIM AFTER ‘LARGE SWATHS’ OF PEOPLE AGREED WITH HIS ‘MASCULINE VALUES’

“The four suspects … appear to have created an organized crime group with the purpose of recruiting, housing and exploiting women by forcing them to create pornographic content meant to be seen on specialized websites for a cost,” prosecutors said at the time. “They would have gained important sums of money.”

The investigation arose from six women who allege they were sexually exploited by the group.

Andrew Tate and his brother Tristan are escorted by police officers outside the headquarters of the Bucharest Court of Appeal, in Bucharest, Romania, January 10, 2023. (Inquam Photos/George Calin via REUTERS) (Reuters Photos)

Andrew Tate and his brother Tristan are escorted by police officers outside the headquarters of the Bucharest Court of Appeal, in Bucharest, Romania, January 10, 2023. (Inquam Photos/George Calin via REUTERS) (Reuters Photos)

Tate gained notoriety on social media for his rampant misogyny and commentary on masculinity. He has been banned from most mainstream social media platforms, though he made a return to Twitter following billionaire Elon Musk’s acquisition of the company in November.

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Tate got into a viral argument with climate activist Greta Thunberg in late December, bragging to her about owning over 30 cars with “enormous emissions.” Romanian authorities now possess several of the vehicles.

Reuters contributed to this report.

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Yoon says South Korea, U.S. discussing exercises using nuclear assets

SEOUL, Jan 2 (Reuters) – South Korea and the United States are discussing possible joint planning and exercises using U.S. nuclear assets in the face of North Korea’s growing nuclear and missile threats, South Korean President Yoon Suk-yeol said in a newspaper interview.

The Chosun Ilbo newspaper quoted Yoon as saying the joint planning and exercises would be aimed at a more effective implementation of the U.S. “extended deterrence.”

The term means the ability of the U.S. military, particularly its nuclear forces, to deter attacks on U.S. allies.

“The nuclear weapons belong to the United States, but planning, information sharing, exercises and training should be jointly conducted by South Korea and the United States,” Yoon said, adding Washington is also “quite positive” about the idea.

Yoon’s remarks come a day after North Korean state media reported that its leader Kim Jong Un called for developing new intercontinental ballistic missiles (ICBMs) and an “exponential increase” of the country’s nuclear arsenal to counter U.S.-led threats amid flaring tension between the rival Koreas.

The North’s race to advance its nuclear and missile programmes has renewed debate over South Korea’s own nuclear armaments, but Yoon said maintaining the Treaty on the Non-Proliferation of Nuclear Weapons remained important.

At a meeting of the ruling Workers’ Party last week, Kim said South Korea has now become the North’s “undoubted enemy” and rolled out new military goals, hinting at another year of intensive weapons tests and tension.

Inter-Korean ties have long been testy but have been even more frayed since Yoon took office in May.

On Sunday, North Korea fired a short-range ballistic missile off its east coast, in a rare late-night, New Year’s Day weapons test, following three ballistic missiles launched on Saturday, capping a year marked by a record number of missile tests.

Yoon’s comments on the nuclear exercises are the latest demonstration of his tough stance on North Korea. He urged the military to prepare for a war with “overwhelming” capability following North Korean drones crossing into the South last week.

Analysts say the tensions could worsen.

“This year could be a year of crisis with military tension on the Korean peninsula going beyond what it was like in 2017,” said Hong Min, a senior researcher at the Korea Institute for National Unification, referring to the days of the “fire and fury” under the Trump administration.

“North Korea’s hardline stance…and aggressive weapons development when met with South Korea-U.S. joint exercises and proportional response could raise the tension in a flash, and we cannot rule out what’s similar to a regional conflict when the two sides have a misunderstanding of the situation,” Hong said.

Reporting by Soo-hyang Choi, Editing by Raju Gopalakrishnan

Our Standards: The Thomson Reuters Trust Principles.

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Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets

Bahamas securities regulators said they seized digital assets valued at $3.5 billion from FTX’s local operation in mid-November as the cryptocurrency exchange spiraled toward collapse, a figure that FTX’s U.S. managers cast doubt on Friday.

Christina Rolle, executive director of the Securities Commission of the Bahamas, said in an affidavit made public Thursday that the commission sought control of the crypto assets held by FTX Digital Markets Ltd. last month after FTX co-founder Sam Bankman-Fried told local authorities under oath about a hacking attempt. Her affidavit, filed with the Supreme Court of the Bahamas, also confirmed that the Securities Commission relied on Mr. Bankman-Fried and another FTX co-founder, Gary Wang, to make the transfers happen.

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Bahamas Securities Commission says it seized $3.5B in FTX assets ‘for safekeeping’

The Securities Commission of the Bahamas said Thursday the agency seized all digital assets under the control of FTX’s Bahamian subsidiary FTX Digital Markets Ltd. — to the tune of more than $3.5 billion — “for safekeeping” following the cryptocurrency exchange’s collapse.

The regulator said in a press release that the funds were transferred to digital wallets under its exclusive control on Nov. 12, the day after FTX filed for Chapter 11 bankruptcy, after determining “there was a significant risk of imminent dissipation” of the assets under FTXDM’s control based on information disgraced founder Sam Bankman-Fried provided concerning cyberattacks on the system.

The securities watchdog of the Bahamas revealed Thursday it seized upwards of $3.5 billion in digital assets controlled by FTX Digitial Markets Ltd. after the crypto exchange collapsed. ((AP Photo/Marta Lavandier, File) / AP Newsroom)

FTX CUSTOMERS FILE CLASS ACTION LAWSUIT SAYING ASSETS BELONG TO THEM

The funds are being held “on a temporary basis,” the SCB said, while it waits for instructions from the Supreme Court of the Bahamas on whether the assets should be “delivered to the customers and creditors who own them” or to the court-appointed Joint Provisional Liquidators (JPLs) in charge of unwinding FTXDM.

The seizure of the funds by the Bahamian watchdog has been a source of contention between the agency and FTX’s new CEO, John Ray III, who replaced Bankman-Fried and filed FTX’s Chapter 11 bankruptcy in the U.S. after taking control of the firm. Bahamas-based FTXDM separately filed a Chapter 15 bankruptcy which has been rolled into the Chapter 11 – and both sides have been butting heads throughout the proceedings thus far.

John Ray III, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, Tues., Dec. 13, 2022.  (Al Drago/Bloomberg via Getty Images / Getty Images)

US PROBES HOW $370 MILLION VANISHED IN HACK AFTER FTX BANKRUPTCY

The Security Commission of The Bahamas admitted last month to seizing the assets of FTXDM, but did not put a dollar amount on the figure at the time.

During his testimony before Congress in mid-December, Ray accused the Bahamian officials of taking the funds with the assistance of former FTX leadership, and claimed the authorities were being uncooperative.

“We’ve repeatedly asked them for clarity about what they’ve been doing,” Ray said of the Bahamian officials. “We’ve been shut down by them.”

Sam Bankman-Fried leaves Federal Court in New York City on Thursday, December 22, 2022. The former CEO of FTX and Alameda has been released on $250M bail. (Charles Guerin/Abaca for Fox News Digital / Fox News)

REGULATORY EXPERT: FTX ‘JURISDICTION SHOPPED’ TO LOCATE IN LAX REGULATORY ENVIRONMENT

Ray also said it appears Bankman-Fried, who was arrested hours before the hearing on several charges related to the FTX collapse, had attempted to undermine the U.S. bankruptcy process by moving company assets to accounts under the control of the Bahamian authorities. 

Bahamian officials said in court filings that they requested a criminal investigation into FTX on Nov. 9 after then-FTXDM co-CEO Ryan Salame tipped them off in a phone call about alleged transfers of client funds from the exchange to sister company Alameda Research.

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Kanye West skips divorce deposition with Kim Kardashian as they determine how to divide their assets

Kanye West missed a ‘recently scheduled deposition’ with his ex Kim Kardashian and her legal team last week, according to new legal documents.

It is unclear why the rapper, 45, was a no-show for his meeting with the 42-year-old reality star and their respective attorneys for a question-and-answer session under oath, outside of a courtroom. 

Both parties have agreed to another deposition on November 29 at 9:30 a.m. ahead of a two-day trial on December 14, set to finalize their divorce. 

Oh no: Kanye West missed a ‘recently scheduled deposition’ with his ex Kim Kardashian and her legal team last week, according to new legal documents

If he does not show up to the rescheduled appointment, TMZ pointed out ‘it could be a serious issue for him’ as the move would not ‘sit well’ with a judge. 

The former couple are currently hashing out how to divide their more than $2billion in combined assets after seven years of marriage.

Last month, The Blast reported that West’s lawyer has filed a ‘declaration of disclosure’, a sign that their case is on the verge of coming to a close. 

According to the documents, Kanye has turned over all of his financial information to his estranged wife’s legal team, and has also reached an agreement with her on how to divide their finances and property. 

Split: If he does not show up to the rescheduled appointment, TMZ pointed out ‘it could be a serious issue for him’ as the move would not ‘sit well’ with a judge (seen in March 2022)

The new developments comes amid Kanye’s latest worrying behavior which has reportedly led Kim to distance herself from him, with the pair only communicating via assistants. 

In terms of their divorce, the outlet writes that: ‘Typically, in cases of this kind, the disclosure is filed within days or weeks of the final judgment and settlement being filed.’

However, as noted by the outlet, separating couples are capable of settling everything regarding their divorce except for custody of their children, which Kanye may continue fighting over.

Better times: Kim married Kanye in Florence, Italy in 2014, and welcomed four children with him: daughters North, nine, Chicago, four, and sons Saint, six, and Psalm, three. She ultimately filed to end the marriage in February 2021

Kim married Kanye in Florence, Italy in 2014, and welcomed four children with him: daughters North, nine, Chicago, four, and sons Saint, six, and Psalm, three. She ultimately filed to end the marriage in February 2021.

During their highly-publicized legal battle, Kanye attempted to oppose Kim’s efforts to be declared legally single – however a judge granted her request in March 2022.

Kanye also went through numerous lawyers during the separation, and recently hired his sixth attorney – the same lawyer who represented Melinda Gates in her $130 billion divorce from ex-husband Bill Gates, Robert Stephan Cohen.

As Cohen is in New York and Kanye’s legal separation being waged in Los Angeles, the rapper has also retained Beverly Hills based attorney Nicholas A Salick of Salick Family Law Group, APLC as counsel in California, TMZ reported.

Parting ways: During their highly-publicized legal battle, Kanye attempted to oppose Kim’s efforts to be declared legally single – however a judge granted her request in March 2022 

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