Former FTX CEO Sam Bankman-Fried has petitioned the U.S. Supreme Court to overturn his fraud conviction and throw out the $11 billion forfeiture order. His legal team argues that evidence regarding the possibility of repaying FTX customers and the soundness of his investments was not fully considered during trial.
Hong Kong's securities watchdog has declared broker SBCFX and its affiliated entities unlicensed following a trading collapse that left thousands of gold investors unable to recover their USDT deposits.
The Australian Securities and Investments Commission has issued warnings and taken down websites for Yepbit and Yepbit Exchange after receiving multiple reports from investors unable to withdraw funds from the digital assets and futures trading platform. The action joins similar alerts from regulators in other jurisdictions.
FTX founder Sam Bankman-Fried's appeal to overturn his fraud conviction and 25-year prison sentence was denied by an appeals court on Friday. Around the same time, his X account posted market commentary via a prison-approved proxy, marking his continued social media presence despite incarceration.
Senator Elizabeth Warren urged the Securities and Exchange Commission to pause SpaceX's initial public offering, citing potential risks to retail investors from valuation and governance issues. The request came one day before order books closed on what would be the largest listing in history.
