funds
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Sources: the US attorney's office for the Western District of Washington sent subpoenas to US-based hedge funds for records of their communications with Binance (Washington Post)
Washington Post: Sources: the US attorney’s office for the Western District of Washington sent subpoenas to US-based hedge funds for…
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Gemini Trust COO Noah Perlman leaves the company, as founders Tyler and Cameron Winklevoss struggle to regain $900M in customer funds lent to DCG's Genesis (Olga Kharif/Bloomberg)
Olga Kharif / Bloomberg: Gemini Trust COO Noah Perlman leaves the company, as founders Tyler and Cameron Winklevoss struggle to…
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Source: FTX's former top lawyer Daniel Friedberg has cooperated with US prosecutors, telling them what he knew of SBF and others misusing customer funds (Angus Berwick/Reuters)
Angus Berwick / Reuters: Source: FTX’s former top lawyer Daniel Friedberg has cooperated with US prosecutors, telling them what he…
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CoinShares: inflows to crypto asset funds fell from $9.1B in 2021 to $433M in 2022, down 95% YoY, the worst year since 2018, when inflows totaled $233M (Adam Morgan McCarthy/The Block)
Adam Morgan McCarthy / The Block: CoinShares: inflows to crypto asset funds fell from $9.1B in 2021 to $433M in…
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Judge sets SBF's trial for early October, allows redaction of SBF's bond signers' names for now, and amends bail terms to keep SBF from accessing FTX funds (CoinDesk)
CoinDesk: Judge sets SBF’s trial for early October, allows redaction of SBF’s bond signers’ names for now, and amends bail…
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The SEC says FTX made two $100M investments using customer funds in fintech company Dave in March 2022 and blockchain startup Mysten Labs in September 2022 (CNBC)
CNBC: The SEC says FTX made two $100M investments using customer funds in fintech company Dave in March 2022 and…
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A look at North Dimension, a little-known Alameda Research subsidiary, where the SEC says FTX told customers to wire funds to trade without disclosing the ties (Gretchen Morgenson/NBC News)
Gretchen Morgenson / NBC News: A look at North Dimension, a little-known Alameda Research subsidiary, where the SEC says FTX…
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Court filing: FTX Digital Markets co-CEO Ryan Salame tipped Bahamas' security commission on November 9 that FTX customer funds were used to cover Alameda losses (Financial Times)
Financial Times: Court filing: FTX Digital Markets co-CEO Ryan Salame tipped Bahamas’ security commission on November 9 that FTX customer…
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The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral value, giving a "virtually unlimited line of credit" (Reuters)
Reuters: The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral…
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The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising over $1.8B (U.S. Securities and Exchange Commission)
U.S. Securities and Exchange Commission: The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to…
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