Alex Mashinsky resigns from Celsius Network
Months of speculation ended as Celsius CEO Alex Mashinsky steps down from his post amidst an ongoing probe, which comes at the heels of the arrest of controversial Terra founder Do Kwon.
Latest Crypto Crime Cartel News
CoinFLEX creditors vote in restructuring plan giving them 65% ownership
The plan, which wipes out Ordinary Series A shareholders, including the founders, was proposed by CEO Mark Lamb, and received 99% backing in a recent vote.
FTX.US loses president, wins auction for Voyager’s digital assets
Facing numerous crossroads, FTX.US President Brett Harrison decides to make a company exit, surprising staffers but not FTX chief SBF who said that his move had been "in the works for a while."
Coinbase hit with $350 million patent infringement suit
Coinbase's credibility is once again put into question as it faces a $350-million lawsuit from a global blockchain-based software for allegedly infringing the latter's intellectual property.
Jesse Powell of Kraken joins ‘crypto’ CEO skedaddle
On September 21, Kraken announced a ‘leadership succession plan’ that will see Jesse Powell quit the CEO position to make room for David Ripley, the company’s COO for the past six years.
Philippines: Policy think tank Infrawatch PH wants central bank to curb Binance’s back-door reentry
Binance was booted out of the Philippines and shortly after claimed to be in talks to acquire a licensed VASP—Infrawatch says this can’t be allowed to happen.
Ethereum’s Merge is another epic fail
The Merge was completed on September 15, and ETH reached a recent high of $1,638.56 that day. Since then, it has tanked to $1,340 at the time of writing.
US judge orders Tether to produce detailed documents on USDT’s backing
The order from U.S. District Judge Katherine Polk Failla is part of a case that's been ongoing since 2019, where a group of traders sued Tether and accused it of causing over a trillion dollars' worth of damages.
FTX gets spanked by UK watchdog, Alameda to repay Voyager debt
The U.K.’s Financial Conduct Authority (FCA) has warned consumers that FTX is operating in the U.K. without local permission, putting another dent in its founder’s increasingly tarnished PR halo.
SEC v Ripple: Chamber of Digital Commerce weighs in, says it’s unsure if XRP is security
The chamber has requested to file an amicus brief in the Ripple case, and while it’s doubtful if XRP is a security, it called for clear and consistent laws.
US court approves appointment of examiner to uncover Celsius dealings
Intense scrutiny awaits Celsius with the U.S. court's approval to hire an examiner to look into its dealings, which comes amid optimism that the company could recover from the brink of bankruptcy.
Binance finds a back door into the Philippines market
A Binance executive has confirmed the exchange is in talks to acquire a licensed company after losing out on approval from BSP, which is now not issuing new licenses.