Binance caught funneling tokens to shore up ‘independent’ Binance.US
The Binance digital asset exchange has some explaining to do after blockchain data showed it financially rescuing its supposedly ‘independent’ Binance.US offshoot.
The Binance digital asset exchange has some explaining to do after blockchain data showed it financially rescuing its supposedly ‘independent’ Binance.US offshoot.
The Texas State Securities Board calls for the delay of FTX's winning bid on Voyager's remaining assets as a probe into its alleged illegal offering of unregistered securities continues.
The states, among them California, Oklahoma, and New York, ordered Nexo to halt its interest-earning product, which they claim is an unregistered security.
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."
The risks of investing in the digital currency industry remain high as Fed continues to tighten its policies to counter inflation, while fear spreads among potential investors caused by manipulative platforms.
Thirty four employees critical of Voyager will get $1.6 million in bonuses following a court ruling, while investors fight to recover their monies as the digital assets lender faces bankruptcy.
Voyager at first claimed that it had $350 million at the Metropolitan Commercial Bank, even as it called out the “wolf in sheep’s clothing” that is Sam Bankman-Fried.
FDIC insurance doesn’t protect against insolvency, default, or bankruptcy of any non-bank entity such as digital asset exchanges, custodians, or brokers.
The Federal Reserve and FDIC claim that Voyager made "false and misleading statements, directly or by implication, concerning Voyager's deposit insurance status."
The U.S. Securities and Exchange Commission is probing Coinbase again just a week after its debacle with the company's former employee, who was accused of insider trading.
The regulator revealed its investigations have already found that BlockFi and Voyager have been offering unregistered securities and is going after others.
Meta is shutting down its Novi wallet. The social media company is asking its users to withdraw their funds—either by transferring them to their bank accounts or withdrawing them as cash.