The U.S. bankruptcy court in Delaware held a hearing into the bankruptcy of FTX, Alameda Research and the countless other appendages of the once mighty crypto empire of Sam Bankman-Fried.
While Digital Currency Group shareholders were bracing for impact, Wall Street Journal revealed that DCG’s wholly-owned CoinDesk subsidiary was exploring a possible sale.
Silvergate cites the industry's "transformational shift" as the reason behind its massive losses in Q4, while Signature Bank appears to be distancing itself from Binance.
Sam Bankman-Fried launched a Substack account and insisted that FTX's U.S.-facing exchange "remains fully solvent" and would "return all customers' funds."
Former DoJ prosecutor John Ghose said Binance "did not have a reputation of being a responsible exchange" as authorities look into hedge funds tied to the controversial exchange.
The DoJ and the SEC are probing DCG’s transactions with Genesis, while prosecutors in New York are seeking documents as well as interviews with staff.
The U.S. SEC objects to Binance's acquisition of digital asset lender Voyager over doubts that the exchange could complete the billion-dollar transaction, and if it can, whose money will it be?
SBF pleaded not guilty to charges that include wire fraud, commodities fraud, securities fraud, conspiracy to commit said frauds, and campaign finance violations.
FTX’s former compliance chief Daniel S. Friedberg has yet to be charged in connection with his role in the FTX collapse, but his history repping criminal online poker sites might catch up with him eventually.
A few weeks before the collapse of FTX, Moonstone Bank partnered with fintech company Fluent Finance on a stablecoin venture to "accelerate crypto adoption by issuing US+ stablecoin."
The DOJ is looking into the $372 million hack from FTX-controlled wallets that occurred the day after the embattled firm of former CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy.