Factbox: Global regulatory actions against FTX

on Dec. 12, after the Caribbean nation received formal notification from the United States of criminal charges against him.assets of FTX Digital Markets, the group's local unit, and also appointed a provisional liquidator for the unit.Representations of cryptocurrencies are seen in front of displayed FTX logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photoby the U.S.

The SEC on Dec. 12 said it had authorized charges against Bankman-Fried relating to violations of securities laws. Separately, U.S. prosecutor Damian Williams said he expected to move to unseal an indictment against Bankman-Fried on Dec. 13.

Jail them all

Awww shucks...too late. Bummer.

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What to know about Sam Bankman-Fried and the FTX collapseA major cryptocurrency exchange’s dramatic fall — culminating with a bankruptcy filing and arrest of the former CEO — has prompted “existential questions” about the industry’s reliability. Washington Post reporters explain what led to the collapse of FTX. Misappropriated customer deposits Gave too much to the democrats. So you’re telling me a system that was designed to circumvent any accountability and that was set up without any inherent control and supervision was abused by bad actors to scam people out of money? No way! Who would’ve thought?
Source: washingtonpost - 🏆 95. / 72 Read more »