Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF,about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto exchange through Alameda Research. It was former chief regulatory officer Dan Friedberg who provided him with the papers setting up the firm, which he signed without question, SBF claimed.
Bankman-Fried’s claims partly or directly contradict the testimonies offered by Wang and former Alameda CEO Carline Ellison. Wang took the stand on Oct. 6,and former FTX engineering director Nishad Singh to implement the “allow negative” feature in 2019.
“We urge the Department of Justice to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism through violations of applicable sanctions laws and the Bank Secrecy Act,” said Lummis and Hill.The United Kingdom Financial Conduct Authority claims that since the Oct.
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