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Breaking news and analysis exploring how the legal industry and regulators are approaching virtual currency and other blockchain-enabled items.
By Jane Wester | October 16, 2023
Bankman-Fried's lead defense counsel has raised concerns about his client's limited access to Adderall several times since Bankman-Fried was remanded to Brooklyn's Metropolitan Detention Center in August, saying he needs the medication to be able to meaningfully participate in the preparation of the defense case.
3 minute read
By Rebecca L. Palmer | October 13, 2023
Banking, email, online shopping, medical records, streaming services, Zoom accounts, and other information subject to digital privacy may still be shared with your former partner. In such a situation, a self-imposed "digital divorce" may also be needed to remove or change shared passwords.
4 minute read
By Maydeen Merino | October 12, 2023
"The problem is you have to do regulation, but you have to do it right," Hester Peirce, a Republican, told the Security Traders Association's annual conference.
4 minute read
By Jane Wester | October 12, 2023
A former Alameda Research software engineer testified that Ellison's nervous laughter, which was audible in the recording, was not unusual for the former cryptocurrency trading firm CEO.
5 minute read
By Jane Wester | October 11, 2023
The key government witness repeatedly referred to feeling a "constant state of dread" in the preceding months as she realized the extent of the wrongdoing at FTX and Alameda.
5 minute read
By Jane Wester | October 10, 2023
Ellison's turn on the witness stand immediately followed the testimony of FTX co-founder and chief technical officer Gary Wang, who has also pleaded guilty. Both are testifying under cooperation agreements with prosecutors.
3 minute read
By Jane Wester | October 6, 2023
On direct examination, FTX co-founder and chief technical officer Gary Wang testified at length about Alameda's "special privileges" on FTX. Bankman-Fried and Wang also owned Alameda.
4 minute read
By Jane Wester | October 4, 2023
Defense attorney Mark S. Cohen said it's "not a crime to try to get Tom Brady to go on ads for your company," but federal prosecutors painted Bankman-Fried as a serial liar.
3 minute read
By Fizza Khan and Tyler Schoenberg | October 4, 2023
Regulation by enforcement continues, but SEC enforcement actions are now being brought against exchanges without evidence of fraud or wrongdoing. Is the SEC overstepping its regulatory oversight of digital assets?
8 minute read
By Jane Wester | October 3, 2023
According to a complaint filed in the Northern District of California federal court, an insurance company must pay for his legal defense "without regard to whether payments may exhaust the policy limit."
3 minute read
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