COINDESK DAILY: Binance Facing Heavier Scrutiny From the SEC; FTX Founder Sam Bankman-Fried Appeals Conviction
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 September 2024
⏱️ 1 minutes
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Summary
Host Jennifer Sanasie breaks down the news in the crypto industry from the SEC's scrutiny against Binance to Sam Bankman-Fried appealing his fraud conviction.
"CoinDesk Daily" host Benjamin Schiller breaks down the biggest headlines in the crypto industry today, as the U.S. SEC filed a proposed amended complaint against crypto exchange Binance. Plus, FTX founder Sam Bankman-Fried has appealed his fraud conviction and DeltaPrime saw over $6 million worth of various tokens drained from its wallets due to a private key leak.
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:00.0 | Binance is in the SEC's crosshairs again and Sanbank Refried has appealed his conviction. |
| 0:05.0 | You're watching CoinDest Daily and I'm your host, Ben Schiller. |
| 0:12.6 | Binance is again under scrutiny from the US SEC as the regulator filed proposed amended complaint against the crypto exchange. |
| 0:19.6 | The SEC mostly won against |
| 0:20.9 | Binances' motion to dismiss the initial lawsuit, but the proceedings left open legal |
| 0:25.4 | questions about certain tokens. In the new filings, the SEC emphasizes Binances' |
| 0:30.1 | exchange listing process and addresses issues related to the company's secondary BNB sales |
| 0:36.0 | and Binance's simple finance's simple earned product. |
| 0:39.2 | FTX founder Sam Bankman-Fried has formally appealed his fraud conviction. |
| 0:43.5 | SBF, who was sentenced to 25 years in prison in April, |
| 0:47.5 | requested a new trial and accused the judge overseeing his case of being unfairly biased against him. |
| 0:53.4 | Last November, a New York jury found Bankman Freed |
| 0:55.8 | guilty on seven counts of fraud and conspiracy tied to the implosion of Crypto Exchange |
| 1:00.8 | FTX. On chain brokerage, Delta Prime sought over $6 million worth of various tokens |
| 1:06.7 | drained from its wallet early Monday. According to security researchers on X, |
| 1:12.0 | the exploit was caused by a private key leak, |
| 1:15.3 | a hacker gained control of an admin proxy |
| 1:17.5 | and redirected it to malicious contract, |
| 1:20.9 | eventually leading to a financial loss. |
| 1:23.1 | That's it from CoinDest Daily. |
| 1:24.7 | Get more updates on CoinDest.com, |
| 1:26.9 | and we'll see you next time. |
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