Fraud allegations

Sam Bankman-Fried, the founder and former CEO of FTX, pleaded not guilty to charges of attempted bribery and campaign finance violations during a court appearance on Thursday. The charges were revealed in two recent superseding indictments, with the bribery charge being unveiled on Tuesday. The...

Cryptocurrency exchange FTX is seeking to strip its Bahamas-based subsidiary, FTX Digital Markets (FTX DM), of any claim over the company's assets. In a legal filing made on March 19, FTX accused the Bahamas authorities of aiding founder Sam Bankman-Fried in his attempts to evade justice. The...

Cryptocurrency exchange Kraken on Wednesday announced that it will stop offering trading services through its subsidiary, Payward Asia, in Japan on January 31, 2023, and deregister from the Financial Services Agency of the Asian nation. This marks Kraken's second exit from the...