Daily Archives: January 31, 2023, 3:39 pm

Celsius! – Bloomberg

On the other hand here are some actual quotes from the bankruptcy report!… In April 2022, Celsius’s Coin Deployment Specialist described Celsius’s practice of “using customer stable coins” and “growing short in customer coins” to buy CEL as “very ponzi like.” A few weeks later when Celsius made another push to prop up the price of CEL, Celsius’s former Vice…

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NFT Stuff – Bloomberg

Or take non-fungible tokens. One common approach with NFTs is that there is some sort of physical or electronic object, and you sell an NFT “of” it. The relationship between the NFT and the object is that the NFT is a label referring to the object. That’s it. Often you also destroy the physical object: You make or buy a…

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Willkie Adds Former Federal Prosecutor Marina A. Torres as White-Collar Litigation Partner in Los Angeles | Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP today announced that Marina A. Torres has joined the Firm as a partner in in the Litigation Department, where she is part of Willkie’s White-Collar Defense Practice. She is based in Los Angeles. Source: Willkie Adds Former Federal Prosecutor Marina A. Torres as White-Collar Litigation Partner in Los Angeles | Willkie Farr & Gallagher LLP

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Wealthy Russian undertook $90 mln hack-and-trade scheme, U.S. says at trial | Reuters

A wealthy Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial. Vladislav Klyushin, 42, and his associates made nearly $90 million trading stocks based on yet-to-be-announced information about hundreds of…

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DOJ Taps White-Collar Litigation Head Fresh Off Jan. 6 Committee

The Justice Department has appointed Sean Tonolli, a former senior staffer on the House Jan. 6 committee, to lead the criminal fraud section’s litigation team. The hire, which was posted in an update Monday on the section’s website, brings the white-collar enforcement office a veteran prosecutor and former law firm partner to oversee a unit supporting litigation covering overseas corruption,…

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Osprey Sues Grayscale (GBTC) for Misleading Advertising on Crypto Trust – Bloomberg

Osprey accused Grayscale of conducting “false and misleading advertising” for the Grayscale Bitcoin Trust (ticker GBTC) since late 2020, according to a complaint filed Monday in Connecticut Superior Court. Grayscale presented that GBTC would be converted into an exchange-traded fund as “foregone conclusion, when it knew that access was never likely to happen,” the suit read. US regulators denied Grayscale’s…

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FTX’s Sam Bankman-Fried Sought Leniency From Foreign Regulators, Says Justice Department – WSJ

FTX founder Sam Bankman-Fried attempted to stall bankruptcy proceedings in the U.S. in November in order to transfer assets from his crypto exchange to foreign regulators, the Justice Department alleged in a filing Monday. Mr. Bankman-Fried hoped foreign regulators would treat him leniently and eventually allow him to regain control of FTX, according to federal prosecutors. FTX’s lawyers wanted to…

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