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US Rings Crypto Warning Bell That Regulators Say Only Congress Can Silence
The latest report of the Financial Stability Oversight Council says the risky sector needs Congress to intervene, though crypto hasn’t yet posed a danger to the wider financial system.
Media Groups Win Right to Argue for Publication of FTX’s Million-Strong Creditor List
A final decision on whether to publish the names, which the collapsed crypto exchange says could advantage competitors and breach privacy laws, will follow in January.
FTX Hearing in US Senate Reveals Congress Doesn’t Have Immediate Answers
As the crypto industry’s epic disaster continues to unfold with a criminal case and regulatory actions, U.S. senators didn’t find any clear path during a Wednesday hearing.
Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine
Celsius previously missed an apparent deadline to make a claim based on its relationship with fellow crypto lender Voyager.
With Founder Facing Charges, New CEO Says FTX Embezzled Customer Cash
Sam Bankman-Fried is now a criminal defendant, and CEO John Ray III told lawmakers FTX embezzled customer funds "right in front of their eyes."
$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee
There is “irreconcilable conflict" between the interests of FTX's international customers and those of other creditor groups, said Eversheds Sutherland partner Sarah Paul.
CFTC Sues Sam Bankman-Fried, Alameda Research for Fraud
In a filing, the regulator says Bankman-Fried misrepresented the health of his companies, impacting the price of bitcoin and ether.
Crypto Exchange Binance.US Introduces Payments Service for Customers
The feature for users outside the U.S. started in February 2021.
Bitcoin Hits One-Month High Ahead of US Inflation Data
Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market.
US SEC Charges Sam Bankman-Fried for Defrauding FTX Investors
Bankman-Fried illegitimately used customer funds to support his lavish lifestyle and make political donations, the regulator alleged.
