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Another hard week for the crypto industry — particularly Justin Sun

Sun’s problems have snowballed since the collapse of FTX and the unmasking of Sam Bankman-Fried as a giant fraud.

This firm got $475M from SBF last year, now FTX wants it back

The deal avoids a lengthy legal battle with Modulo and gets around the fact that SBF won’t be available due to ongoing criminal proceedings.

The SEC claims that Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry Inc. engaged in a scheme involving wash trading.

Since late December, Coinbase insiders have sold more than 500K shares for just over $26 million while only 57K shares have been bought.

CryptoUK says a list of safe firms is just one of a number of measures the government can take to prevent exchanges from being de-banked.