Sugar Exchange(SGR)

The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more.

Flipping the narrative, the disgraced 3AC financier says he enjoyed life behind bars. “I had the best sleep of my life.”

Lawyers for the disgraced crypto platform are encouraging those who withdrew funds within 90 days of bankruptcy to settle by sending some funds back.

YouTuber and social media influencer Logan Paul has promised to refund disgruntled investors of his ambitious CryptoZoo NFT game as long as they don’t sue him after they get the refund.

The disgraced crypto mogul has learned the ins and outs of the prison economy.

Do Kwon, the disgraced founder of the Terraform ecosystem, along with Terraform Labs, have asked a federal judge for a summary judgment in the SEC’s fraud case against them.

The disgraced crypto executive frequently praised the need for crypto regulation in public.

The disgraced crypto executive claimed that he merely acted on various lapses in the company's data retention policy.

Disgraced FTX CEO Sam Bankman-Fried wasn't the first financial kingpin to get creative with balance sheets, and he won't be the last.

Sam Bankman-Fried political shenanigans continue to surface as the trial against the disgraced founder of FTX enters its third week.

As the legal proceedings of the case against FTX CEO Sam Bankman-Fried unfold in court, more and more colleagues of the disgraced CEO are testifying against him.

3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.

Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning – clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the chance to defend himself against a wide array of federal fraud and conspiracy charges tied to the collapse of FTX, his crypto and futures exchange, and Alameda Research, the crypto trading firm he founded and – according to prosecutors – used to illegally re-invest FTX user funds.

Judge Lewis Kaplan excluded the testimonies of SBF's proposed witnesses but denied the disgraced CEO's motion to bar the DOJ's witness.

After having his bail revoked, the disgraced FTX founder made another unsuccessful bid for temporary freedom.

Friend.Tech’s 24-hour fee jump places the social app in the top three projects for fee generation, only behind Ethereum and Lido, according to data from DeFiLlama. Let’s find out more. Ethereum According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Ark Invest and 21Shares are teaming up to apply for an Ethereum Futures Exchange Traded Fund (ETF). Cryptocurrency exchange Bitstamp announced it would end Ethereum (ETH) staking services to its US customers as of September 25 due to the rigid US regulatory environment. According to a post by Farcaster co-founder Dan Romero on August 23, the decentralized social media protocol is migrating to OP Mainnet. DeFi Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. Blockchain oracle provider API3 has announced that it is launching a new data feed service suite for Polygon zkEVM, designed from a new push oracle solution that's centered around first-party architecture. The dYdX foundation has published a list of guidelines and requirements that validators and stakers must comply with to ensure maximum user protection. Altcoins The PEPE token registered a sharp decline in price after millions of meme tokens flooded prominent crypto exchanges such as Binance, Bybit, and OKX. A phishing site has seized control of the Terra website, leading the site developers to sound the alarm and eventually freeze the Terra.money website. The social app Friend.tech has registered a big increase in protocol fees, generating fees in excess of $1.4 million in a 24-hour period. The team has vehemently denied a report claiming the personal data of over 100,000 users had been leaked. Technology Yuga Labs, the creators of the hugely popular NFT collection Bored Ape Yacht Club (BAYC), announced they will remove support for OpenSea’s Seaport Protocol from February 2024. Business Leading e-commerce platform Shopify will now allow users to make USDC payments thanks to its recent integration of the Solana Pay app. Considering the complexity of the ever-evolving crypto market, the trading platform Bitget has introduced the Bitget Protection Fund. Dropbox has moved its unlimited storage plan to a metered one in order to stop crypto miners’ “uneven usage.” Binance, the renowned global crypto exchange, has expanded its footprint by introducing its payment solution, Binance Pay, to the Brazilian market. Binance is pulling its horns in Latin America and the Middle East by withdrawing its crypto payment credit card. Coinbase and Circle, the two entities behind USD Coin (USDC), have announced new terms that would change the governance and funding of the USDC stablecoin. Regulation The SEC has charged a former corrections officer from New Jersey for his role in a bizarre cryptocurrency scam. The FBI has spotlighted six Bitcoin wallets believed to have connections with North Korea for their alleged ties to activities that breach US sanctions. Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday. US District Judge Robert Pitman has dismissed an appeal filed by six Tornado Cash users who sought to lift sanctions placed on the controversial cryptocurrency mixer. Security Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a rug pull, stealing millions of dollars from users of the protocol. Liquidity protocol Balancer has disclosed that it has discovered a critical vulnerability that has impacted over 100 of its v2 pools spread across eight different blockchains. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Friend.Tech’s 24-hour fee jump places the social app in the top three projects for fee generation, only behind Ethereum and Lido, according to data from DeFiLlama. Let’s find out more. Ethereum According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Ark Invest and 21Shares are teaming up to apply for an Ethereum Futures Exchange Traded Fund (ETF). Cryptocurrency exchange Bitstamp announced it would end Ethereum (ETH) staking services to its US customers as of September 25 due to the rigid US regulatory environment. According to a post by Farcaster co-founder Dan Romero on August 23, the decentralized social media protocol is migrating to OP Mainnet. DeFi Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. Blockchain oracle provider API3 has announced that it is launching a new data feed service suite for Polygon zkEVM, designed from a new push oracle solution that's centered around first-party architecture. The dYdX foundation has published a list of guidelines and requirements that validators and stakers must comply with to ensure maximum user protection. Altcoins The PEPE token registered a sharp decline in price after millions of meme tokens flooded prominent crypto exchanges such as Binance, Bybit, and OKX. A phishing site has seized control of the Terra website, leading the site developers to sound the alarm and eventually freeze the Terra.money website. The social app Friend.tech has registered a big increase in protocol fees, generating fees in excess of $1.4 million in a 24-hour period. The team has vehemently denied a report claiming the personal data of over 100,000 users had been leaked. Technology Yuga Labs, the creators of the hugely popular NFT collection Bored Ape Yacht Club (BAYC), announced they will remove support for OpenSea’s Seaport Protocol from February 2024. Business Leading e-commerce platform Shopify will now allow users to make USDC payments thanks to its recent integration of the Solana Pay app. Considering the complexity of the ever-evolving crypto market, the trading platform Bitget has introduced the Bitget Protection Fund. Dropbox has moved its unlimited storage plan to a metered one in order to stop crypto miners’ “uneven usage.” Binance, the renowned global crypto exchange, has expanded its footprint by introducing its payment solution, Binance Pay, to the Brazilian market. Binance is pulling its horns in Latin America and the Middle East by withdrawing its crypto payment credit card. Coinbase and Circle, the two entities behind USD Coin (USDC), have announced new terms that would change the governance and funding of the USDC stablecoin. Regulation The SEC has charged a former corrections officer from New Jersey for his role in a bizarre cryptocurrency scam. The FBI has spotlighted six Bitcoin wallets believed to have connections with North Korea for their alleged ties to activities that breach US sanctions. Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday. US District Judge Robert Pitman has dismissed an appeal filed by six Tornado Cash users who sought to lift sanctions placed on the controversial cryptocurrency mixer. Security Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a rug pull, stealing millions of dollars from users of the protocol. Liquidity protocol Balancer has disclosed that it has discovered a critical vulnerability that has impacted over 100 of its v2 pools spread across eight different blockchains. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday. The FTX founder was making an appearance in court after spending ten days in jail and also raised complaints about the food being served in jail. SBF Pleads Not Guilty To New Fraud And Conspiracy Charges The new charges, all related to fraud and conspiracy, were handed down on the 14th of August after prosecutors alleged that Bankman-Fried had used over $100 million of stolen customer funds and assets to donate to electoral candidates and politicians. The court had revoked his earlier bail after the United States Department of Justice alleged that the former CEO had repeatedly tried to influence witnesses and interfere with a fair trial through public shaming and harassment. This was Bankman-Fried’s first court appearance since his bail was revoked on the 11th of August. Since then, SBF has been in custody at the Metropolitan Detention Centre in Brooklyn. According to data from the Federal Election Commission, Bankman-Fried had reportedly given over $40 million in political donations in 2022. Other big donors from Bankman-Fried’s circle included Ryan Salame, former co-CEO, and Nishad Singh, the former director of engineering at FTX. Federal Election Commission data showed that Salame had donated over $23 million almost exclusively to Republican candidates and related PACs. Meanwhile, Nishad Singh had given around $8 million during the 2022 midterm election cycle. Complaints About Jail Food During his hearing, lawyers representing SBF informed the federal court that jail authorities had failed to provide him with a vegan diet as he had requested. Mark Cohen, the lawyer representing the former billionaire, stated that the lack of adequate food at the Brooklyn Metropolitan Detention Centre was hampering Bankman-Fried’s preparations for his trial, which is set to begin in October. Mr. Cohen also told the court that his client was not provided with the attention deficit hyperactive disorder (ADHD) drug Adderall. He also added that his client’s supply of Emsam, used to treat depression, was running low. Judge Sarah Netburn assured Mr. Cohen that she would ask the United States Justice Department’s Bureau of Prisons, which is in charge of running the jail, to address concerns related to SBF’s medication. She added that while she was reasonably confident that the prison offered vegetarian food, she was unsure if vegan food was available. Meanwhile, the Bureau of Prisons released a statement saying all inmates had access to appropriate medicines, healthcare, and hot meals. It further added that the facility ensures the provision of nutritionally healthy meals and follows the requirements of a national menu that is analyzed to ensure all dietary requirements are met. Following the hearing, Bankman-Fried sought support from his mother, speaking to her at length. “After the hearing, Bankman-Fried spoke to his mother, Stanford Law School Professor Barbara Fried, across the low partition between the courtroom well and the galley.” Preparations Underway For October Trial Meanwhile, Sam Bankman-Fried and his legal team are working hard in preparation for his trial, set to begin in October. Lawyers representing SBF had even requested that he be allowed to stay out of jail on weekdays, arguing that this would allow them to focus on building a defense for the disgraced FTX founder. The judge refused to grant this request. However, on the 22nd of August, Bankman-Fried was granted a short release from prison from 8:30 am to 3 pm. During his release, he was present in a supervised courtroom with his lawyers as they prepared for the upcoming trial. Meanwhile, the jury has also been issued guidelines by prosecutors on how to approach the trial. According to the guideline, the jury has to treat each of the seven charges differently. They were also requested not to let their verdict on one charge influence their decision on any of the other six charges. FTX was the second-largest cryptocurrency exchange, valued at around $32 billion. However, its bankruptcy sent shockwaves through the crypto and financial world and impacted several projects. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday. The FTX founder was making an appearance in court after spending ten days in jail and also raised complaints about the food being served in jail. SBF Pleads Not Guilty To New Fraud And Conspiracy Charges The new charges, all related to fraud and conspiracy, were handed down on the 14th of August after prosecutors alleged that Bankman-Fried had used over $100 million of stolen customer funds and assets to donate to electoral candidates and politicians. The court had revoked his earlier bail after the United States Department of Justice alleged that the former CEO had repeatedly tried to influence witnesses and interfere with a fair trial through public shaming and harassment. This was Bankman-Fried’s first court appearance since his bail was revoked on the 11th of August. Since then, SBF has been in custody at the Metropolitan Detention Centre in Brooklyn. According to data from the Federal Election Commission, Bankman-Fried had reportedly given over $40 million in political donations in 2022. Other big donors from Bankman-Fried’s circle included Ryan Salame, former co-CEO, and Nishad Singh, the former director of engineering at FTX. Federal Election Commission data showed that Salame had donated over $23 million almost exclusively to Republican candidates and related PACs. Meanwhile, Nishad Singh had given around $8 million during the 2022 midterm election cycle. Complaints About Jail Food During his hearing, lawyers representing SBF informed the federal court that jail authorities had failed to provide him with a vegan diet as he had requested. Mark Cohen, the lawyer representing the former billionaire, stated that the lack of adequate food at the Brooklyn Metropolitan Detention Centre was hampering Bankman-Fried’s preparations for his trial, which is set to begin in October. Mr. Cohen also told the court that his client was not provided with the attention deficit hyperactive disorder (ADHD) drug Adderall. He also added that his client’s supply of Emsam, used to treat depression, was running low. Judge Sarah Netburn assured Mr. Cohen that she would ask the United States Justice Department’s Bureau of Prisons, which is in charge of running the jail, to address concerns related to SBF’s medication. She added that while she was reasonably confident that the prison offered vegetarian food, she was unsure if vegan food was available. Meanwhile, the Bureau of Prisons released a statement saying all inmates had access to appropriate medicines, healthcare, and hot meals. It further added that the facility ensures the provision of nutritionally healthy meals and follows the requirements of a national menu that is analyzed to ensure all dietary requirements are met. Following the hearing, Bankman-Fried sought support from his mother, speaking to her at length. “After the hearing, Bankman-Fried spoke to his mother, Stanford Law School Professor Barbara Fried, across the low partition between the courtroom well and the galley.” Preparations Underway For October Trial Meanwhile, Sam Bankman-Fried and his legal team are working hard in preparation for his trial, set to begin in October. Lawyers representing SBF had even requested that he be allowed to stay out of jail on weekdays, arguing that this would allow them to focus on building a defense for the disgraced FTX founder. The judge refused to grant this request. However, on the 22nd of August, Bankman-Fried was granted a short release from prison from 8:30 am to 3 pm. During his release, he was present in a supervised courtroom with his lawyers as they prepared for the upcoming trial. Meanwhile, the jury has also been issued guidelines by prosecutors on how to approach the trial. According to the guideline, the jury has to treat each of the seven charges differently. They were also requested not to let their verdict on one charge influence their decision on any of the other six charges. FTX was the second-largest cryptocurrency exchange, valued at around $32 billion. However, its bankruptcy sent shockwaves through the crypto and financial world and impacted several projects. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The SEC charged Titan Global Management with securities violations, alleging the firm misrepresented performance metrics. The firm agreed to a cease-and-desist order and will pay a $850,000 fine. In a statement released on Monday, the US Securities and Exchange Commission alleges that Titan Global Management used “hypothetical performance metrics in advertisements that were misleading.” Titan Accused of an Array of Transgressions According to its statement, the SEC also charged the New-York-based Fintech firm with “multiple compliance failures that led to misleading disclosures about custody of clients’ crypto assets, the use of improper “hedge clauses” in client agreements, the unauthorized use of client signatures and the failure to adopt policies concerning crypto asset trading by employees.” The press release further explains the SEC’s order: “The SEC’s order further finds that Titan (1) made conflicting disclosures to clients about how Titan custodied crypto assets; (2) included in its client advisory agreements liability disclaimer language that created the false impression that clients had waived non-waivable causes of action against Titan; and (3), contrary to representations, failed to adopt policies and procedures concerning employee personal trading in crypto assets. The order also states that Titan self-reported to the SEC staff that it failed to ensure that client signatures were obtained for certain types of transactions in client accounts and agreed to settle related charges.” The SEC said that from August 2021 to October 2022, Titan made “misleading statements” on its website and advertised “annualized” performance results of up to 2,700% for its Titan Crypto strategy product. Chief of the Enforcement’s Complex Financial Instruments Unit, Osman Nawaz, said: “When offering and marketing complex strategies, investment advisers must ensure the accuracy of disclosures made to existing and prospective investors. The Commission amended the marketing rule to allow for the use of hypothetical performance metrics but only if advisers comply with requirements reasonably designed to prevent fraud.” Adding, “Titan’s advertisements and disclosures painted a misleading picture of certain of its strategies for investors. This action serves as a warning for all advisers to ensure compliance.” Without admitting or denying the SEC’s findings, Titan agreed to a cease-and-desist order to pay a $850,000 civil penalty which will be distributed to affected customers, to pay $192,454 in disgorgement and prejudgement interest. The SEC hastened its crackdown on the crypto industry this year, sued Binance and Coinbase, charged 18 defendants involved in DEBT Box, charged Hex founder Richard Heart with securities violations, and warned auditing firms over misleading crypto audits. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The SEC charged Titan Global Management with securities violations, alleging the firm misrepresented performance metrics. The firm agreed to a cease-and-desist order and will pay a $850,000 fine. In a statement released on Monday, the US Securities and Exchange Commission alleges that Titan Global Management used “hypothetical performance metrics in advertisements that were misleading.” Titan Accused of an Array of Transgressions According to its statement, the SEC also charged the New-York-based Fintech firm with “multiple compliance failures that led to misleading disclosures about custody of clients’ crypto assets, the use of improper “hedge clauses” in client agreements, the unauthorized use of client signatures and the failure to adopt policies concerning crypto asset trading by employees.” The press release further explains the SEC’s order: “The SEC’s order further finds that Titan (1) made conflicting disclosures to clients about how Titan custodied crypto assets; (2) included in its client advisory agreements liability disclaimer language that created the false impression that clients had waived non-waivable causes of action against Titan; and (3), contrary to representations, failed to adopt policies and procedures concerning employee personal trading in crypto assets. The order also states that Titan self-reported to the SEC staff that it failed to ensure that client signatures were obtained for certain types of transactions in client accounts and agreed to settle related charges.” The SEC said that from August 2021 to October 2022, Titan made “misleading statements” on its website and advertised “annualized” performance results of up to 2,700% for its Titan Crypto strategy product. Chief of the Enforcement’s Complex Financial Instruments Unit, Osman Nawaz, said: “When offering and marketing complex strategies, investment advisers must ensure the accuracy of disclosures made to existing and prospective investors. The Commission amended the marketing rule to allow for the use of hypothetical performance metrics but only if advisers comply with requirements reasonably designed to prevent fraud.” Adding, “Titan’s advertisements and disclosures painted a misleading picture of certain of its strategies for investors. This action serves as a warning for all advisers to ensure compliance.” Without admitting or denying the SEC’s findings, Titan agreed to a cease-and-desist order to pay a $850,000 civil penalty which will be distributed to affected customers, to pay $192,454 in disgorgement and prejudgement interest. The SEC hastened its crackdown on the crypto industry this year, sued Binance and Coinbase, charged 18 defendants involved in DEBT Box, charged Hex founder Richard Heart with securities violations, and warned auditing firms over misleading crypto audits. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bankrupt crypto platform, Voyager Digital Holdings Inc., may have been a victim of a hacking attack during the court-supervised process of liquidating assets to repay its customers, according to one of the company's lawyers. According to an initial report from Bloomberg, the incident occurred just as the firm reopened its platform, after months of court-led fundraising initiatives, to allow clients to retrieve any residual assets. During the 30-day window for withdrawal, customers managed to recover about $490 million in assets, accounting for nearly 80% of the available amount, Voyager's lawyer Darren Azman informed the presiding judge of the Chapter 11 case in Manhattan. This potential breach has since been reported to law enforcement agencies and is under investigation by bankruptcy officials overseeing the company's liquidation process. Clientts have reportedly been targeted with scams aimed at gaining access to their digital wallets. According to Azman, customers were targeted by several scams attempting to infiltrate their digital wallets. These scams typically involved the creation of fraudulent websites, promising customers an increased payout if they linked their non-Voyager cryptocurrency wallets to a newly created account. Upon creating these new accounts, the scammers would proceed to deplete the linked non-Voyager wallets, Azman explained. Presiding over the telephone-held court hearing, US Bankruptcy Judge Michael Wiles condemned the situation, stating: "It’s disgraceful. I don’t know what to say. After everything these folks have been through." Voyager is the first among a string of bankrupt cryptocurrency firms to commence the repayment of creditors and customers. In April, Binance.US nullified a deal to buy the cryptocurrency platform, which ultimately diminished what customers could recover. Voyager officials previously projected that customers could recuperate about 36% of what they were owed, or more than 60% if the company prevailed in a court dispute with another bankrupt cryptocurrency firm, FTX Trading. Based on court documents, Voyager possessed about $630 million to settle $1.8 billion in account claims. Launched sometime in 2018, Voyager rapidly expanded, peaking at 3.5 million users and holding approximately $6 billion worth of cryptocurrency assets, according to court records. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bankrupt crypto lender Celsius Network may finally see an end to its prolonged court battle with disgruntled customers after the company entered into a settlement agreement to address pending claims related to fraud allegations.

A source told The New York Times that Santos and two others appeared to try a crypto-centric version of the classic Nigerian prince email scam.