Cameron Winklevoss states that Genesis Global has been “engaging in bad faith stall tactics” The crypto lending arm of DCG has been refusing to meet with Gemini to solve problems regarding user funds Winklevoss claimed that Genesis and DCG are “beyond commingled”, stating that the funds were used to buy back shares The first weekContinue reading “Gemini founder claims Genesis and DCG are ‘beyond commingled’, gives deadline”

Alameda made big losses during the 2018 crypto crash SBF was seeking new lenders since the start of 2019 and even sponsored Binance Blockchain Week for the same purpose FTX was founded after SBF was inspired by the failures of crypto exchanges in 2019 The FTX and Alameda tale continue to increase with a dayContinue reading “What FTX had to do with Alameda’s bad XRP bet”

FTX Debtors states that the crypto transferred to the Bahamas Securities Commission was valued at $296 million This number falls short of the billions of dollar claim made by the commission FTX Debtors is working towards having these assets transferred back FTX has made an official announcement on the total amount of money sent toContinue reading “FTX Debtors and the Bahamas regulator lay different claims on amount transferred”

Anonymous group published API keys of Binance and KuCoin The group claims that these API keys were sold to the highest bidder UPDATE: 3Commas has confirmed that the data leaked by the anonymous group is real. The platform has reached out to Binance, Kucoin, and other exchanges to “revoke all keys connected to 3Commas”. ItContinue reading “Anonymous group publishes 3Commas API keys of Binance and KuCoin users”

MicroStrategy increased its Bitcoin (BTC) holdings by 2,500 between November and December The American firm also made its first Bitcoin sale for an average of $16,776 for each BTC Michael Saylor’s MicroStrategy continues to be bullish on Bitcoin‘s (BTC) future despite the current market downturn. The American firm purchased nearly 2,395 BTCs from the startContinue reading “MicroStrategy adds 2,500 Bitcoin (BTC) to its bag; sells some”

Former Alameda CEO discloses details that led to the collapse of FTX during a plea hearing Caroline Ellison admitted that Alameda had given billions of dollars in loans to SBF and other FTX executives The ongoing legal case against Sam Bankman-Fried is spilling more details on the business operations at FTX. The latest report byContinue reading “Alameda could borrow unlimited amount of customer funds from FTX”

Sam Bankman-Fried will be granted bail on a $250 million bond The former bigwig will be released to his parent’s house in California under strict supervision FTX founder – Sam Bankman-Fried – is set to get bail on a $250 million bond. The former crypto mogul will also be in home detention and constantly monitored.Continue reading “Breaking: FTX’s Sam Bankman-Fried to get bail on $250 million bond”

Caroline Ellison and Gray Wang plead guilty to committing fraud that led to FTX’s collapse Both former executives are currently cooperating with the investigation while SBF is en route to the US Sam Bankman-Fried’s journey back to the United States has begun on shaky grounds. The former FTX CEO – currently in the FBI’s custodyContinue reading “FTX: Caroline Ellison and Gary Wang join hands with prosecutors”

SBF will be extradited to the United States tonight The former CEO will be presented in Manhattan court within 48 hours of arrival in the country Sam Bankman-Fried’s – founder and former CEO of FTX – extradition to the United States has begun. According to a statement issued by Attorney General Sen. Ryan Pinder –Continue reading “FTX: Sam Bankman-Fried’s extradition to the United States begins”

Binance.US wins the bid to secure Voyager’s assets, with the bid worth nearly $1.022 billion The customers of the defunct crypto platform will be able to access their crypto on Binance.US after the completion of the acquisition deal The defunct crypto platform – Voyager – announced that Binance.US has won the bid to acquire itsContinue reading “Breaking: Binance.US wins bid to acquire Voyager assets”

Nexo announced it would quit the United States market in the coming months The company is shutting down operations after failed talks with the US regulators The year continues to be a troubled one for crypto lending platforms. Nexo – a UK-based crypto lender – is the latest one to hit the headlines. The companyContinue reading “Crypto lender Nexo will exit United States as it meets dead end”

Circle announced it has come to a mutual agreement with Concord to terminate acquisition plans The deal was initially announced in July 2021 and would have allowed Circle to go public Circle CEO assured that the company still plans to go public but there was no mention of when and how USDC stablecoin issuer –Continue reading “USDC issuer Circle terminates SPAC deal but plans to go public remain”