Tether is still lying to you
Tether is becoming an artisan at promising to provide an audit showing that its stablecoin is fully backed and then doing everything in its power to avoid exactly that.
Latest Crypto Crime Cartel News
Why aren’t digital asset providers held to their promises?
The digital asset industry has a specific problem which, despite hurting consumers and adoption, receives little attention: dishonest advertising.
Coinbase gets $6.5 million penalty from CFTC over in-house trading issues
The charges, which the CFTC filed and settled on the same day, were for "reckless false, misleading or inaccurate reporting" as well as wash trading on its GDAX digital asset platform.
Crypto Crime Cartel: Binance investigated by CFTC
Binance is the subject of an active investigation by the Commodity Futures Trading Commission for potentially offering digital asset derivative products to U.S. citizens in contravention of U.S. regulations.
BitMEX co-founder Ben Delo surrenders in US, released on $20M bail
Under the terms of the bond, Ben Delo can travel back to the United Kingdom and return to the United States only when called upon by the court.
Crypto Crime Cartel: John McAfee, Arthur Hayes arrested and more Mt Gox deflection
Two prominent names in the Crypto Crime Cartel were arrested as the long overdue legal reckoning chews through prominent industry companies and individuals at the start of what is set to be a busy 2021.
Ripple executive chairman joins motion to dismiss US regulator’s case
In a move that echoes the approach of CEO Brad Garlinghouse, also implicated in the court action, Chris Larsen’s representatives set out four arguments for dismissal in a letter to the court.
Tether, Bitfinex prohibited from operating in New York, pays $18.5M settlement in NYAG case
The NYAG statement is highly critical of Bitfinex and Tether, accusing them of “recklessly and unlawfully [covering up] massive financial losses” and “illegally trading virtual currencies in the state of New York.”
Ripple ‘unlikely to settle’ before US securities regulator trial
In a letter to the judge in the case, both Ripple and the U.S. Securities and Exchange Commission said they “do not believe there is a prospect for settlement at this time.”
Binance drops defamation suit against Forbes over regulation-avoidance claims
The November 2020 complaint sought damages over an article that alleged Binance had intentionally created structures to evade U.S. regulators.
Bitfinex supposedly repays $750M loan to Tether—why now?
The loan was taken to cover for the loss of $850 million in co-mingled client and corporate funds caused by entrusting its liquidity to a Panamanian company called Crypto Capital, according to NYAG.
Traders urge California judge to keep BitMEX $440M fraud lawsuit alive
Plaintiffs in a lawsuit against top leaders at embattled digital currency exchange BitMEX want the presiding judge to keep the suit alive.