SBF claims that Binance CEO’s targeted crash led to the downfall of Alameda The former CEO said he would give nearly all his personal assets to FTX International customers The founder of the bankrupt crypto exchange – Sam Bankman-Fried aka SBF – has released a post-mortem on the FTX-Alameda collapse. The former CEO has listedContinue reading “Binance CEO’s targeted crash made Alameda insolvent, claims SBF”

FTX has managed to recover over $5 billion in cash, liquid crypto, and securities The platform has also managed to get its hands on a large sum of cryptocurrencies that are illiquid The bankruptcy cryptocurrency exchange – FTX – has managed to recover over $5 billion of its assets. The recovery was made in cash,Continue reading “FTX recovers over $5 billion in assets, attorney claims”

The bankruptcy court has approved Binance.US’ acquisition of Voyager’s assets The court has also overruled the SEC’s and multiple states’ objections to the deal Bankrupt crypto lender, Voyager has received a green signal to go ahead with the Binance.US deal from the bankruptcy court, according to Bloomberg. The American crypto exchange had won the bidContinue reading “Binance.US-Voyager deal gets green light from bankruptcy court”

The brother of a former Coinbase manager has been sentenced to prison for cryptocurrency insider trading The individual was charged with committing the crime in July 2022 alongside two other individuals The United States Department of Justice released a statement on the sentencing of an individual on a crypto insider trading case. The man identifiedContinue reading “Coinbase: Man sentenced to prison over first crypto insider trading case”

Cameron Winklevoss claims that DCG did not give Genesis operating capital after it lost money in 3AC’s collapse Winklevoss wants the DCG board to remove Barry Silbert as its Chief Executive Officer Cameron Winklevoss, the founder of Gemini, has issued another open letter on Genesis, a prominent crypto-lending firm. But this time around, the letterContinue reading “Breaking: DCG did not ensure Genesis had capital after it lost $1.2 billion in 3AC”

Coinbase will be firing 950 employees in order to reduce its operating expenses The exchange made a similar move in November 2022 and June 2022 Coinbase, one of the largest crypto exchanges in America, announced another round of layoffs earlier today. In a blog post, CEO Brian Armstrong stated that the exchange would further cutContinue reading “Coinbase announces another fresh round of layoffs”

United States law enforcement agencies are investigating Nishad Singh’s role in the collapse of FTX The SEC, CFTC, and SDNY are all looking into his activities at the exchange Singh was the Director of Engineering of FTX and had the code to transfer FTX funds The United States law enforcement authorities have finally opened anContinue reading “United States authorities turn focus toward missing former FTX executive”

Former CEO of Celsius Network has been sued for misleading customers and making false statements The lawsuit is spearheaded by New York Attorney General Letitia James The lawsuit seeks to permanently ban Mashinsky from conducting business related to securities and commodities in New York The Attorney General of New York has sued Celsius Network founderContinue reading “New York Attorney General sues Celsius Network founder for defrauding investors”

Celsius Network has won the rights to 600,000 Earn customers’ crypto funds The Judge has granted the platform the right to sell millions of dollars of stablecoin Celsius Network has just won ownership of the $4.2 billion worth of crypto deposited by its customers, according to WSJ. This move now allows the bankrupt platform toContinue reading “Celsius Network owns customers’ $4.2 billion crypto, judge rules”

SEC has filed a limited motion objecting to Binance.US’ acquisition of Voyager’s assets The commission seeks to know how Binance.US can afford such a large deal The United States Securities and Exchanges Commission (SEC) has filed a limited objection to Binance US’ Voyager assets acquisition. The American crypto exchange won the bid to acquire theContinue reading “Binance.US’ Voyager assets acquisition hits roadblock with SEC interruption”

American crypto exchange Coinbase will have to pour in $100 million in its settlement with the New York regulator The crypto exchange will have to pay a fine of $50 million to New York State Department of Financial Services It is also required to invest another $50 million in upgrading its compliance program Coinbase, aContinue reading “Coinbase to pay fine to New York regulators for inadequate KYC checks”

Sam Bankman-Fried plead not guilty to all 8 criminal counts The trial hearing will begin towards the end of this year, in the month of October His appeal to conceal the identities of the co-signers of his $250 million bail was granted FTX’s founder Sam Bankman-Fried has pleaded not guilty to defrauding customers at hisContinue reading “Breaking: FTX’s Sam Bankman-Fried (SBF) pleads not guilty for all charges”