FTX founder's wrongdoings set back crypto regulation, causing U.S. to lose capacity to shape the industry and driving a dangerous trend in U.S. crypto policy. The result: an exodus of crypto businesses and loss of trust. Read more on how self-regulating blockchain tech may be the solution.
These wallets mixed and swapped over $1.7 million worth of crypto assets through various crypto-mixing services, sparking suspicion in the crypto community.
A judge has withdrawn from the ongoing legal proceedings around former FTX CEO Sam Bankman-Fried due to a potential conflict of interest involving her husband's law firm.
Sam Bankman-Fried, the founder of crypto exchange FTX, has been granted a $250 million bail bond by a judge in New York. Bankman-Fried will be under house arrest and required to wear an electronic monitoring bracelet while awaiting trial.