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SBF has finally made its way into the US after signing a deal earlier this year.
The SEC chairman said the agency will continue to crack down on cryptocurrency companies.
Paxful removes Ether from its trading platform.
Former FTX CEO Sam Bankman-Fried is now back in the US after being extradited from the Bahamas earlier this week.he Signed U.S. Extradition Documents Earlier this week, we moved to the US on Thursday.
After the extradition, SBF was issued $250 million bail, which he paid hours later. But he still has a lot to answer in the US.
Earlier this week, former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang said: plead guiltyafter being indicted for committing the fraud that led to the collapse of the FTX cryptocurrency exchange.
According to Damian Williams, U.S. Attorney for the Southern District of New York (SDNY), this likely won’t be the last major development related to the FTX investigation.
The U.S. Securities and Exchange Commission (SEC) also announced earlier this week that it had indicted Wang and Ellison over a multi-year plot to deceive FTX stock investors.
SEC Chairman Gary Gensler revealed earlier this week that the SEC will continue to crack down on cryptocurrency companies. He called for regulation of crypto issuers and exchanges.
In an interview earlier this week, Gensler said:
Financial history suggests that most of these tokens [native tokens of crypto exchanges] I fail. [Insiders] Sell ideas to the public while they potentially fraudulently raise their stock. This leads to distorted incentives, tokens not being properly registered, not being properly disclosed, and further increasing the risk of compliance with various anti-fraud and anti-manipulation provisions of securities laws. “
Peer-to-peer exchange Paxful earlier this week Ether removed from platformThe Paxful CEO has cited widespread fraud among Ethereum-based tokens as one of the main reasons for the removal of ETH.
The Tezos team announced earlier this week that Completed the 12th upgrade on that blockchain. Called Lima, this upgrade introduces some new features while reducing the risk of smart contract bugs.
Lima will have its fourth protocol upgrade in 2022 as Tezos aims to improve its blockchain.
Waves already has a USDN stablecoin, but that may not be enough. Waves CEO and founder Sasha Ivanov has promised to launch a new stablecoin inseparable from the US dollar.
However, the CEO said the new stablecoin will not be launched until the USDN plan resolution is implemented.
BAM Trading Services Inc. (operating as Binance.US) bid was selected to acquire its assets by Voyager Digital LLC, a business unit of Voyager Digital Ltd., after considering strategic options.
Voyager Digital said it chose Binance.US because it wants to maximize the value returned to clients and creditors as quickly as possible. The bid from Binance.US is around $1.022 billion.
According to Voyager, the tender consists of a fair market value of the crypto portfolio worth $1.02 billion at current market prices.
