Cointime

Cointime

Download App
iOS & Android
Home / Policy

Former Alameda Research CEO Caroline Ellison May Testify in SBF Trial Next Tuesday

Caroline Ellison, former CEO of hedge fund Alameda Research, is likely to be the next witness to testify in the SBF trial, replacing former FTX executive Gary Wang.After the trial ended on Friday morning, the US Department of Justice said that Wang's testimony would end on Tuesday, and prosecutors expect Ellison to be the next witness. Like Wang, Ellison also admitted to multiple fraud charges in December last year.The court will not be in session on Monday due to Columbus Day, and will resume on Tuesday at 9:30am Eastern Time.

Alameda Research SBF Caroline Ellison
Comments

All Comments

Recommended for you

  • South Korea’s Monetary Authority: Confirmed to include token delisting standards in the Virtual Asset User Protection Act

    The Financial Supervisory Service (FSS) of South Korea has confirmed that token delisting standards will be included in the "Best Practice for Compliance with the Virtual Asset User Protection Act" released in early June. An official from the Financial Supervisory Service stated in a conversation with Bloomberg on Tuesday that the upcoming "Best Practices for Compliance with the Virtual Asset User Protection Act" will not only include listing standards for virtual assets, but also provide guidance on whether to maintain trading of listed virtual assets. The guidance will provide a basis for cryptocurrency issuers to delist in the event of problems. The guidance will be released from the end of May to early June. Currently, the Financial Supervisory Service is developing guidelines to support self-regulation by cryptocurrency exchanges under the Virtual Asset User Protection Act before it is implemented in July. The plan proposes standards for virtual asset issuance, circulation, and trading support, prohibits the listing of virtual assets with a history of hacking attacks, and requires the release of Korean white papers and technical manuals when listing overseas virtual assets.

  • US court orders seizure of 279 virtual currency accounts containing criminal proceeds from North Korean hacking

    A US court has ordered the confiscation of 279 virtual currency accounts containing proceeds from North Korean hacker crimes. US District Court Judge Timothy Kelly in Washington, DC approved the federal prosecutor's request for a summary judgment on these accounts and ordered their confiscation on May 8. This ruling means that these accounts are now under the control of the US Department of Treasury.

  • South Korea’s National Tax Service announced that it would collect 40 billion won in taxes from Bithumb users

    Bithumb has issued a preliminary notice of comprehensive income tax to some users who participated in activities held between 2018 and 2021, and announced full support for the related tax amount. The position of the National Tax Service is that rewards paid to users through various activities (including virtual assets) constitute taxable income. Bithumb does not agree with the National Tax Service's opinion, but explains that taxation is mandatory.

  • US House of Representatives passes SAB 121 crypto rule overturning SEC

    The US House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission's SAB 121 regulation on digital assets. The resolution aims to reduce regulatory burden and promote regulated banks to safely hold digital assets. However, the White House supports the SEC and has threatened to veto the resolution, emphasizing that if the President receives H.J. Res. 109, he will veto it.

  • Canada's anti-money laundering regulator fines Binance $4.4 million

    Binance Holdings Ltd, a cryptocurrency exchange, has been fined CAD 6 million (approximately USD 4.4 million) by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating anti-money laundering regulations. The report states that Binance was penalized for failing to register as a foreign money services business and for not reporting virtual currency transactions exceeding CAD 10,000. The fine was issued on Tuesday of this week, and the Canadian regulatory agency announced the news to the public on Thursday.

  • Taiwan's administrative agency passed four new anti-fraud laws to bring cryptocurrency traders under control

    It was announced that Taiwan's administrative management agency has passed the "New Anti-Fraud Law" to regulate cryptocurrency traders. In the future, businesses or individuals providing virtual asset services or third-party payment services must complete anti-money laundering measures and register their services or log in. Failure to do so may result in a maximum of 2 years in prison or a fine of up to NT$5 million. Businesses or individuals outside of Taiwan providing virtual asset or third-party payment services must register their companies or branches according to company law and complete anti-money laundering measures and service registration or login. Otherwise, they are not allowed to provide virtual asset services or third-party payment services in Taiwan. Qiu Shuzhen, the deputy chairman of Taiwan's financial regulatory agency, stated that there are currently around 60 to 70 cryptocurrency traders in the market, of which 25 have passed the anti-money laundering review by the financial regulatory agency. In the future, all traders will be required to declare and undergo review, and a cryptocurrency traders' association will be established for legal, administrative, and association management. Accounting professionals will also be enlisted to assist with internal control.

  • The EU is considering including cryptocurrencies in the 12 trillion euro investment market, and its impact may far exceed that of US ETFs

    The European Securities and Markets Authority (ESMA) is consulting with the investment product advisory industry and experts on whether cryptocurrency assets should be included. This move could open up a broader market for cryptocurrencies, far exceeding the market size of spot Bitcoin ETFs. The plan aims to expand the scope of UCITS (EU Transferable Securities Collective Investment Scheme), with the UCITS market reaching as high as €12 trillion. If successful, this would be a key step in mainstreaming cryptocurrency assets in Europe.

  • Trump announces he will accept cryptocurrency donations for his presidential campaign

    Donald Trump announced that he is accepting cryptocurrency as a form of donation for his presidential campaign.

  • SBF ordered to forfeit more than $11 billion

    SBF has been ordered to confiscate more than 11 billion US dollars. SBF has now been sentenced to 25 years in prison.

  • U.S. prosecutors urge judge to sentence SBF to 40-50 years in prison for fraud

    According to market news reported, court documents revealed that US prosecutors urged the judge to sentence SBF to 40-50 years imprisonment for FTX fraud.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company