A report by the Australian Financial Review that claimed FTX will permit traders to purchase cryptocurrency assets with leverage loans up to 20 times their investment was also noticed by the regulator. Australian Securities and Investments Commission (ASIC) warned via an article by the Australian Financial Review on the debut of FTX in Australia, according to 56 documents that were made public by ASIC on Monday. “Since March 2022, ASIC has contacted FTX Australia to learn more about the financial products the company offers. Pricing, FTX Australia’s adherence to ASIC’s CFD product intervention order, and its customer onboarding were among the concerns voiced “a spokeswoman for ASIC stated.
Federal prosecutors have requested that Sam Bankman-Fried’s bond arrangement be changed before the U.S. District Judge Lewis Kaplan. By delivering an encrypted message to a possible witness, the disgraced crypto billionaire is said to have engaged in “witness tampering.” Stop him from using Signal and Slack, as well as any other encrypted or transient phone or messaging service, they claim. In order to prohibit Bankman-Fried from contacting current or former FTX employees as well as those at his trading company Alameda Research, the filing demanded that he refrain from doing so unless he is accompanied by legal counsel or given permission by the government.
According to his attorneys, he has disabled the auto-delete functionality on his Signal account and is not sending any communications that vanish after a certain period of time. FTX or Alameda-related funds cannot be accessed or transferred after a request was made at Bankman-arraignment Fried’s earlier this month, where he pleaded not guilty to a number of financial offences. The request from the prosecutors was rejected by Bankman-Fried’s attorneys in a letter that was delivered on Saturday. They also suggested other limitations on Bankman-communications Fried’s in the letter. It declared that “the Government’s suggestion that Mr. Bankman-Fried be prohibited from having interaction with past or present FTX employees without counsel present is just impossible.”