Nigerias foreign investment at risk due to Binance bribery allegations

SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors.

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Allegations Rock Upbit Over Alleged $10M Listing Fees

South Korea’s top crypto exchanges Upbit and Bithumb are in troubled waters over charging hefty fees for token listing. In the explosive Wu Blockchain report, several crypto projects have allegedly paid fees to the tune of $2 million and $10 million. Those crypto projects have also alleged links with Upbit’s shareholders and market makers, raising […]

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FTX Founder Faces New Charges, Including Alleged $40M Bribe

FTX founder Sam Bankman-Fried is facing a new 13-count indictment, including an alleged $40 million bribe to a Chinese government official. The bribe was reportedly intended to unfreeze cryptocurrency accounts at FTX's affiliate firm, Alameda Research, which held over $1 billion worth of cryptocurrency. (Read More)

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FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his [...]

The post FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense appeared first on Crypto Breaking News.

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Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO [...]

The post Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials appeared first on Crypto Breaking News.

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5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle

The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving SBF’s legal team to juggle two cases in the future. 5 Counts Against SBF Severed [...]

The post 5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle appeared first on Crypto Breaking News.

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Ex-Binance employee sues exchange after whistleblower bribery claim

Amrita Srivastava alleges she was dismissed from Binance a month after she informed managers about the bribery in April 2023 Lawyers for Binance claim Srivastava was dismissed due to “poor performance” A former senior executive at Binance has filed a lawsuit against the company’s UK section for unfair dismissal after raising concerns about an alleged […]

The post Ex-Binance employee sues exchange after whistleblower bribery claim appeared first on CoinJournal.

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CFTC chairs exit, Russias Bitcoin seizure, Kenyas IMF warning: Law Decoded

Rostin Behnam exits the US CFTC and calls for stronger regulation, Russia confiscates $10 million in Bitcoin and the IMF advises Kenya on crypto regulations.

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Russia seizes $10M in Bitcoin from ex-official in bribery case

The Bitcoin seized from former ICRF employee Marat Tambiev will be turned into Russian state revenue.

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