Cryptocurrencies News

By Jack Queen (Reuters) – FTX founder Sam Bankman-Fried’s failure to secure release on bail in the Bahamas on Tuesday increases the likelihood that he will consent to extradition to the United States to face fraud charges, legal experts said.

WASHINGTON (Reuters) – The U.S. Securities and Exchanges Commission on Tuesday announced charges against the founder of cryptocurrency exchange FTX, Sam Bankman-Fried, accusing him of defrauding investors in what regulators called “a house of cards.”

SYDNEY (Reuters) – Australia’s central bank wants mobile wallet providers to offer least cost routing options for merchants by the end of 2024, under new regulatory powers set to be granted by the government.

By Alison Frankel (Reuters) – Federal prosecutors and regulators from the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission all told a similar story on Tuesday about Sam Bankman-Fried’s alleged scheme to divert billions of dollars of customers’ money from the FTX crypto

By Hannah Lang and Tom Hals (Reuters) – FTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday and charged by the U.S. Department of Justice on Tuesday with defrauding investors in what regulators called a “brazen, multi-year scheme” that ended when his empire

NASSAU (Reuters) – Former FTX CEO Sam Bankman-Fried’s lawyer on Tuesday requested bail for the one-time crypto magnate after Chief Magistrate JoyAnn Ferguson-Pratt ruled that Bankman-Fried had the right to apply for it.

NASSAU (Reuters) – Former FTX CEO Sam Bankman-Fried’s hearing in a Bahamas magistrate court is adjourned until 2:15 p.m. (1715 GMT) on Tuesday to consider whether the court has jurisdiction over bail, said Chief Magistrate JoyAnn Ferguson-Pratt, who is overseeing the hearing.

(Reuters) – Here are reactions to accusations of fraud and other charges brought on Tuesday against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX.

LONDON (Reuters) – Binance, the world’s biggest crypto exchange, said on Tuesday it had “temporarily paused” withdrawals of the major stablecoin USDC.

By Hannah Lang WASHINGTON (Reuters) – Shortly after U.S. regulators on Tuesday charged FTX founder Sam Bankman-Fried with defrauding investors, its new chief executive told lawmakers the crypto exchange’s implosion stemmed from poor management practices and inexperienced individuals at the helm.

The exchange had to pause withdrawals of USDC stablecoin.

(Reuters) – FTX founder Samuel Bankman-Fried is reviewing charges with his legal team and considering his options, his counsel said in a statement after U.S. authorities charged him on Tuesday.

By Hannah Lang (Reuters) – The sudden fall from grace and arrest of FTX’s former CEO Sam Bankman-Fried has stunned investors and crypto enthusiasts who once hailed the 30-year-old American as the savior of the industry.

(Reuters) – Sam Bankman-Fried, the founder of collapsed crypto exchange FTX, was charged by the U.S. Securities and Exchange Commission (SEC) on Tuesday with defrauding investors in what regulators called “a house of cards.”

BRASILIA (Reuters) – Brazil’s central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions, bank president Roberto Campos Neto said on Tuesday, adding that the project had received international attention.

NICOSIA (Reuters) – Cyprus’s securities regulator plans to extend the suspension of the licence of FTX EU and will meet to discuss the matter next week, a spokesperson said on Tuesday.

WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission will file charges on Tuesday against cryptocurrency exchange FTX founder Sam Bankman-Fried over alleged digital commodity asset fraud, a source familiar with the matter told Reuters.

LONDON (Reuters) – Governor Andrew Bailey spoke to reporters after the Bank of England said investment funds and other non-bank financial institutions would face their first ‘stress test’ after the near-meltdown in the pension fund sector earlier this year.

By Medha Singh and Lisa Pauline Mattackal

(Reuters) – The Bahamas police have arrested former FTX CEO Sam Bankman-Fried, the country’s attorney general said in a statement on Monday, adding that The Bahamas has received formal notification from the United States of criminal charges against him.