Nevada orders Prime Trust to cease & desist for failing to safeguard customer assets
Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is cracking down on.
Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is cracking down on.
Withdrawals in Wyre will be available until July 14, after which there will be a recovery process for the digital currency that remains on its platforms.
The FT cited five people with knowledge of the matter, one of whom said exchange execs provided external trading houses with "sworn statements that Crypto.com was in no way involved in trading."
Nevada-based 'crypto-friendly' payment processor Banq Inc's Chapter 11 bankruptcy filing lists around $18 million worth of assets, nearly all of which consists of the allegedly stolen property.
SEC Chairperson Emilio Aquino said that the rules could be launched before the end of 2023, hinging on the addition of proper safeguards for investors.
Web3 investment firm CoinFund announced a white paper outlining a proposed way forward for digital asset regulation in the United States. CoinGeek speaks to the paper’s author about the state of regulation in the industry.
Despite being over seven feet tall, Shaq is anything but easy to track for process servers who resorted to drive-by serving, which Shaq says is inadequate.
The $44 billion claims sought by the IRS target the collapsed crypto empire of SBF, including entities such as West Realm Shires, Ledger Holdings, Paper Bird, and North Dimension, among others.
Sam Bankman-Fried appears to concede that charges of fraud and money laundering filed against him have merit as his attorneys filed pretrial motions to dismiss 10 of the 13 charges by the U.S. Department of Justice.
Though he played a central role in the company’s affairs, Ryan Salame has escaped the worst of the negative press directed at founder Sam Bankman-Fried and Alameda CEO Caroline Ellison.
The Securities Commission of The Bahamas began the development of the DARE Act in 2018, and it was passed in the House of Parliament in December 2020.
To avoid breaching bail conditions again, U.S. District Court Judge Kaplan ordered to broaden the monitoring of Sam Bankman-Fried's activities to include surveillance of his parents' mobile phones.