Gemini lied about FDIC insurance in emails to Earn customers: report
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.
Latest Crypto Crime Cartel News
Binance demanded WazirX ‘lie publicly’ to clear CZ’s name in leaked emails: report
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.
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
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.
Oblivious Sam Bankman-Fried seeks access to FTX assets, execs
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.
Penthouse owned by OneCoin Cryptoqueen Ruja Ignatova goes on sale
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.
Crypto.com scrambles to calm customers after Lithuania banking crackdown
Singapore-based Crypto.com responded to the loss of service by informing its customers that Euro deposits and withdrawals had been “temporarily disabled.”
Celsius customers’ claims over assets in Earn accounts dismissed in New York
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.
Ordinals brings NFTs to BTC, upsetting small blockers once again
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 BSV—even in 2014
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 fined millions for Dutch delay, CEO Armstrong losing faith in ETH?
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.
Digital Currency Group-owned exchange Luno axes 35% of staff
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.
Bitzlato received €1B from criminals, with $346M flowing to Binance: Europol
Europol worked with the U.S., Spain, Portugal, and others to crack down on Bitzlato even as Reuters revealed that Binance processed over $346 million for the exchange.