US Judge Michael Wiles has questioned the actions of the SEC in Crypto lender Voyager Digital and a crypto exchange Binance proposed business partnership. Voyager announced in December 2022 that it had chosen Binance.US as the company that had submitted the best and highest bid for its assets. The transaction is estimated to be worth … Read more
Mt. Gox, which was the victim of one of the most significant hacks connected to cryptocurrencies, is getting closer and closer to resolving. The date of March 10 has been set as the date when creditors can expect to begin receiving reimbursements. Following the attack in 2014, Mt. Gox was left in possession of roughly … Read more
In response to the recent $9.1 million security breach, Platypus Finance has established a compensation webpage for its customers. Users are able to check how much the platform owes them by using this portal, which operates in accordance with the decentralized finance (DeFi) protocol. The Platypus team clarified that in the event that customers uncover … Read more
OKX, a cryptocurrency exchange, confiscated upwards of $2 million in a total of Tether’s USDT stablecoins on Tuesday, February 28. The tokens were reportedly connected to five cryptocurrency accounts involved in “malevolent price manipulation” of the Celestial (CELT) token. In addition, the cryptocurrency exchange plans to re-credit all affected users with a total of three … Read more
After ex-FTX Director of Engineering Nishad Singh was prosecuted with allegations of fraud by the Commodities Futures Trading Commission (CFTC), the case between FTX and Alameda Research in the U.S. gained traction. Notable is that Singh pleaded guilty to the accusation of fraud that was brought before him on Tuesday. Consequently, Sam Bankman-Fried, the former … Read more
In the most recent turn of events, on February 27, 2019, Robinhood Markets was served with a subpoena from the United States SEC over the SEC’s investigation into the company’s cryptocurrency operations. According to the report filed (1) with the SEC, Robinhood was served with this subpoena in December 2022, one month after the cryptocurrency exchange … Read more
The two individuals believed to have exploited the Platypus Protocol have been taken into custody by the French National Police. The police department confirmed the arrest after it was announced (1) on the official Twitter handle of the organization. The authorities did not reveal the names of the individuals or the charges that have since … Read more
Main Points: In the complaint, it is said that Silvergate was responsible for FTX’s downfall in some way. Joey Gonzalez filed the action in order to seek compensation for himself and for others who found themselves in a similar position. Silvergate Bank is accused of playing a substantial role in the Sam Bankman-FTX Fried’s and … Read more
According to research published (1) by Chainalysis, the failure of FTX led to realized losses for cryptocurrency investors totaling around $9 billion. Chainalysis observed that this loss was insignificant compared to the loss caused by Terra’s UST depeg, which was $20.5 billion. Realized losses were $33 billion due to the collapse of cryptocurrency companies … Read more
According to a report in the Nassau Guardian (1), which cited Bahamas Acting Commissioner of Corrections Doan Cleare as a source, FTX founder Sam Bankman-Fried spent his first night in prison “in good spirits.” According to the acting commissioner, SBF was spending time in the correctional facility’s hospital ward and taking his meds as prescribed. … Read more