Celsius trustee wants independent examiner to probe ‘gross mismanagement’
Offering unregistered securities, failing to hedge against volatility, and making risky investments bear the hallmarks of incompetence, the gov’t trustee says.
Offering unregistered securities, failing to hedge against volatility, and making risky investments bear the hallmarks of incompetence, the gov’t trustee says.
Satish Kumbhani, co-founder of BitConnect, plunged into deeper trouble as Indian police put him under investigation over a $2.4 billion scam that could land him 70 years in jail if proven guilty.
A trio of Australian researchers released a new study that sought evidence of “individuals using private information to buy coins prior to their listing announcement and profiting from the typical price surge that follows the announcement.”
Ethereum’s long-awaited transition to a proof-of-stake (PoS) blockchain has a new launch date but the shift may actually create more problems than it solves.
For ‘crypto’ insiders, one’s opinion on Bitcoin SV (BSV) appears less based on the technology’s merits than on how closely one is linked to Roger Ver.
At the time of writing, Uzbekistan has licensed only one known digital asset exchange: South Korea's UZNEX.
The Enforcement Directorate accuses WazirX of using an opaque management setup and poor KYC programs to allow exploitative loan apps to launder millions between India and China.
Celsius has been violating securities regulations by offering its Earn Rewards accounts in the state while also making materially false statements, according to the Department of Financial Protection and Innovation.
The Quebec and Ontario securities watchdogs have joined the probe, with the former especially concerned about the fate of a $150 million investment in Celsius.
In a blogpost, CoinFLEX detailed how it has filed for restructuring in Seychelles, which will enable it to issue rvUSD tokens, equity, and locked FLEX tokens to depositors.
Greg Dwyer pleaded innocent at first and vowed to fight the charges, but having seen that the three BitMEX founders only got a slap on the wrist, he changed his plea.
In a suit filed in Delaware on August 4, Donald Kocher accused former and current Coinbase officers of "breaches of fiduciary duties, unjust enrichment, abuse of control and gross mismanagement."