On May 23, Binance, the world’s largest cryptocurrency exchange, was accused by former employees of mixing customer funds with company revenues, in violation of US financial regulations. According to a Reuters report, three sources familiar with the matter revealed that ...
The Australian Securities and Investments Commission (ASIC) revealed today that it would be invalidating Binance Australia’s derivatives business license after conducting a targeted review of Binance’s operations within the country. ...
Do Kwon, one of the world’s most wanted fugitives has reportedly been arrested in the South Eastern Europe state of Montenegro. ...
It is estimated that the hedge fund lost more than $100 million in the FTX fiasco. ...
The global crypto market cap dipped at least 3% Monday after Paxos, the tokenization infrastructure platform behind Binance-branded stablecoin (BUSD), was directed by the regulators to stop minting the digital asset, ending a 5-year partnership between Paxos and Binance. In ...
The former CEO of bankrupt FTX, Sam Bankman-Fried ‘SBF’, was arraigned in a Manhattan federal court Tuesday to answer eight counts of felony charges, where he pleaded ‘not guilty’ to all of them, per coverage by CNN. The disgraced crypto ...
Coinbase has reached a settlement with New York regulators over issues that the U.S-based crypto exchange allowed users to open accounts without conducting proper background checks. ...
Sam Bankman-Fried, the founder of the FTX exchange and hedge fund Alameda Research, is reportedly cashing out crypto funds while using coin mixers to obfuscate transactions shortly after being released from federal custody on bail. On-chain investigations indicate that the ...
Two former associates of Sam Bankman-Fried (SBF), the former CEO of FTX, have pleaded guilty to criminal fraud charges tied to FTX’s collapse. The associates are the former Alameda Research CEO, Caroline Ellison, and FTX co-founder, Gary Wang. SBF’s former ...
Jim Cramer, the host of CNBC’s “Mad Money”, has taken digs at Binance in his latest tweets on Friday. Cramer claimed the world’s largest cryptocurrency exchange by trading volume, Binance, lacks “real legitimacy” following the astonishing collapse of its largest ...