Day: March 30, 2023

Written by FinCrime

Sam Bankman-Fried just pleaded not guilty to 5 new charges, including bribery and money laundering

Reported by Leo Schwartz At a Manhattan courthouse on Thursday, FTX founder Sam Bankman-Fried pleaded not guilty to five additional charges brought by U.S. prosecutors related to November’s collapse of FTX. The charges included conspiracy to commit money laundering, unlawful political contributions, and bribing a Chinese official, a new allegation filed by prosecutors earlier this […]

Written by FinCrime

CFTC Charges Against Binance Highlight Role of Former Compliance Chief

Reported by Mengqi Sun The suit by U.S. regulators against Binance Holdings Ltd. focuses in large part on the work of the cryptocurrency exchange’s former chief compliance officer, alleging he willfully aided and abetted the firm in evading U.S. laws.  Samuel Lim, Binance’s compliance chief between 2018 and 2022, faces civil charges of undermining Binance’s […]