Nishad Singh, FTX's former director of engineering, said during an appearance at SBF's trial that FTX founder and CEO SBF instructed him to provide auditors with misleading financial information to make the company's revenue appear to be higher than it actually was. He also said he knew Alameda Research borrowed money without the knowledge of FTX clients and that SBF used Alameda funds to make political donations in its own name. He also claimed that he had been intimidated by ...

Nishad Singh, FTX's former director of engineering, said during an appearance at SBF's trial that FTX founder and CEO SBF instructed him to provide auditors with misleading financial information to make the company's revenue appear to be higher than it actually was. He also said he knew Alameda Research borrowed money without the knowledge of FTX clients and that SBF used Alameda funds to make political donations in its own name. He also claimed that he had been intimidated by ...

Banks must disclose quantitative and qualitative information about their cryptocurrency activities, according to draft guidance released on Tuesday by the Basel Committee on Banking Supervision, the international standard-setter. The plans add to the hefty capital requirements already imposed by the commission to prevent banks from holding unsecured cryptocurrencies like Bitcoin and Ethereum, following turmoil at crypto-related lenders such as Signature Bank and Silicon Valley Bank. Under the...

Banks must disclose quantitative and qualitative information about their cryptocurrency activities, according to draft guidance released on Tuesday by the Basel Committee on Banking Supervision, the international standard-setter. The plans add to the hefty capital requirements already imposed by the commission to prevent banks from holding unsecured cryptocurrencies like Bitcoin and Ethereum, following turmoil at crypto-related lenders such as Signature Bank and Silicon Valley Bank. Under the...