Three circuit judges disputed the former FTX CEO’s claims that the defunct crypto exchange’s investors could have been made whole and wouldn’t have experienced any losses. The US Court of Appeals for the Second Circuit issued a formal mandate upholding the conviction and sentence of former FTX CEO Sam “SBF” Bankman-Fried, reducing the number of potential opportunities for being released from prison early. On Tuesday, the Second Circuit filed a mandate following its June 12 ruling affirming a lower court decision convicting the former CEO on seven felony counts and sentencing him to 25 years in federal prison. Three circuit judges disputed Bankman-Fried’s claims in appeals that FTX had “sufficient liquidity to ensure that investors were made whole and would not experience any losses” and also upheld a New York court’s $11 billion forfeiture order as part of the criminal case. “As the district court recognized, any contention that Bankman-Fried lacked an intent to defraud because he intended to eventually repay...
Российские спецслужбы все чаще используют так называемые «медовые ловушки», чтобы через фейковые знакомства в интернете выманивать украинских военных Подробнее
The South Carolina lawmaker who heads the Senate Banking Committee said that the majority leader still had time to put the crypto bill on the agenda despite the narrow voting window. Senator Tim Scott, who chairs the Senate Banking Committee, said that the chamber would vote on the Digital Asset Market Clarity (CLARITY) Act before it broke for an August recess, giving lawmakers just a few days to take action on the crypto bill. In a Thursday Fox Business interview, Scott said that the Senate “should have the first vote” on the CLARITY Act before lawmakers leave for state work periods this week. He added that Senate Majority Leader John Thune, who has the authority to set the agenda and schedule floor votes, still had time to announce a cloture vote on the crypto bill in the next few days. “The good news is we have the time to get it done,” said Scott. Read more