The U.S. securities regulator has formally charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities in connection with the Gemini Earn digital asset lending program.
Binance.US will assume control of $1 billion in digital assets frozen last July when Voyager filed for Chapter 11 protection.
A favorable plea deal awaits former FTX engineering chief Nishad Singh if he could offer insight on Sam Bankman-Fried's campaign finance that could be key to solving the exchange's alleged crimes.
Avraham Eisenberg is facing court charges over his alleged "blatant manipulation" of spot prices and swaps that drained $110 million worth of digital assets in the Mango Markets exchange.
In a classic rug pull, Aurelien Michel allegedly absconded with the funds and abandoned the Mutant Ape Planet project, leaving thousands of investors with worthless digital collectibles.
Former DoJ prosecutor John Ghose said Binance "did not have a reputation of being a responsible exchange" as authorities look into hedge funds tied to the controversial exchange.
The DoJ and the SEC are probing DCG’s transactions with Genesis, while prosecutors in New York are seeking documents as well as interviews with staff.
The suspects are charges related to fraud operated a sham virtual currency project and siphoned $45 million from investors, which they allegedly used to purchase luxury real estate and vehicles.
Among Mashinsky's many sins, chief among them is his promise to prospective investors of high yields with minimal risk reassuring that their digital assets would be "as safe as money in a bank."
The U.S. SEC objects to Binance's acquisition of digital asset lender Voyager over doubts that the exchange could complete the billion-dollar transaction, and if it can, whose money will it be?
The New York DFS announced that it had reached a $100m settlement with Coinbase after a probe identified failures in its AML program, including its KYC/customer due diligence (CDD).
The scammers bait FTX victims by using a website that appears to be run by the U.S. Department of State, claiming that they will be able to return their assets.
