Kazakhstan shuts down 36 illegal crypto exchanges in 2024 crackdown  

“If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US Dollar,” said Senator Deevers after introducing the bill.

FTX says that Backpack has not been authorized to return funds to creditors despite the Solana exchange saying it would take over creditor repayments from FTX.

Avi Eisenberg was found guilty of fraud and market manipulation in April 2024 and could face up to 20 years in prison.