In legally ambiguous and vague language, Gemini repeatedly told its customers that funds were FDIC-insured, giving them false hope that their money was safe.
Binance sent an email a week ago demanding that WazirX publicly take back all statements about its ownership, but WazirX owners refused the “unethical” order.
Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page report into the history of the Celsius fraud.
Prosecutors claim Sam Bankman-Fried's message to Ryne Miller and former FTX staff is "suggestive of an effort to influence" potential testimonies and a clear violation of standard bail conditions.
Once the listing went up for the London penthouse, speculation was rife that Ignatova is back after five years; however, it had nothing to do with her or U.K. authorities.
Singapore-based Crypto.com responded to the loss of service by informing its customers that Euro deposits and withdrawals had been “temporarily disabled.”
Three clients had filed a motion seeking to be declared legal owners of assets on Earn accounts, but the judge upheld a prior ruling that Celsius owns these assets.
A new technique called Ordinals, which permits NFTs to transact directly on the BTC blockchain, raised some eyebrows in the BTC community and has several calling for a ban on the tokenized assets.
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat, leading to one of the major bankruptcies of this bear market.
Coinbase has until March 2 to object to the fine, but the company has already said it believes the fine to be unjust, given how long it took the exchange to obtain Dutch registration.
It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry insiders view the growth prospects of exchanges in the near-term future.