US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures
U.S. Congressman Tom Emmer has called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to testify before Congress and “answer questions about the cost of his regulatory failures.” The lawmaker stressed: “Gensler has repeatedly dodged Congress at the expense of investors … leaving us to learn about the SEC’s crypto investigations, like the one into FTX, through the media.” Lawmaker Wants SEC Chair Gensler...
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was not an issue of “mismanagement or poor oversight” but of “intentional fraud, plain and simple.” SDNY Prosecutor’s Office and Attorney Williams...
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were reportedly “appropriated by Alameda for its own use.” U.S. Commodity Futures Trading Commission: ‘FTX and Alameda Comingled, Mishandled, and...
MPA v. SmoothStreams IPTV: Server Photos & Shutdown Details Emerge
When users of popular IPTV provider SmoothStreams.tv began reporting issues with the service mid-July, few could’ve predicted events to follow. Our previous report covers events in finer detail, but essentially SmoothStreams had been under investigation since 2018 and the time had arrived to take it down. With permission from the court and everything planned down to the finest detail, on July 16, 2022, plaintiffs’ representatives,...
U.S. Confirms Seizure of 55 World Cup Piracy Streaming Domain Names
Last Friday we reported that a new round of piracy-related domain name seizures was likely being carried out by U.S. law enforcement. Dozens of popular sports streaming sites became inaccessible, replaced by a seizure banner featuring seals of prominent law enforcement outfits. T action was officially confirmed a few hours ago by the U.S. Attorney’s Office for the District of Maryland. The Office explains that 55 separate websites...
