MAS Announces New Restrictions On DBS Over Service Outages
DBS' performance will be reviewed by MAS at the end of a six-month period to determine if more needs to be done.
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CFTC, SEC cases against SBF to be pushed back until criminal case ends
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Civil cases brought by U.S. regulators against former FTX CEO Sam Bankman-Fried can be pushed back until after a criminal case concludes, a judge decided Monday.
Damian Williams, U.S. Attorney for the Southern District of New York, submitted a motion to stay last week to hold off on civil proceedings until the Justice Department’s case against the former CEO is complete.
Bankman-Fried faces criminal charges such as defrauding customers and violating campaign finance laws. The Commodity Futures Trading Commission also charged him with civil charges for fraud and said Bankman-Fried, FTX and Alameda Research caused the loss of over $8 billion in customer deposits. The Securities and Exchange Commission brought similar charges.
Both the CFTC and SEC cases will now be pushed back until the criminal case's conclusion.
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FTX collapsed in November and subsequently filed for bankruptcy protection. Bankruptcy proceedings remain ongoing.
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