CoinFLEX creditors vote in restructuring plan giving them 65% ownership
The plan, which wipes out Ordinary Series A shareholders, including the founders, was proposed by CEO Mark Lamb, and received 99% backing in a recent vote.
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Solana liquidations are on the horizon
Solend, the algorithmic, decentralized protocol for lending and borrowing on Solana, has been scrambling to mitigate the risks that are present on its platform.
Binance halts services in Singapore as regulatory noose tightens
Binance announced that it would cease Singaporean trading pairs and payment options. It would also remove its trading app from the Google Play Store and Apple App Store for Singaporean users.
Binance delists British pound after payments provider bails
Owing to the stringent regulatory environment in the United Kingdom, Paysafe moves to suspend deposit and withdrawal of GBP for existing Binance customers from May 22.
Mark Cuban to be deposed for promoting Voyager ‘Ponzi scheme’
As part of a lawsuit against him for promoting Voyager Digital, billionaire entrepreneur and Shark Tank personality Mark Cuban will be deposed in Dallas, Texas, on February 2.
Celsius co-founder Daniel Leon resigns amid revelations of $56M cash-out
Leon was the chief strategy officer and resigned a week after CEO Alex Mashinsky after it was revealed they cashed out millions before freezing withdrawals in May.
Coinbase loses $1.1 billion, stock compensation gravy train rides on
Coinbase lost over $1 billion in the second quarter while warning investors that the digital currency exchange expects this current ‘crypto winter’ to be a multi-year affair.
Ex-NFL team owner seeks to renew plea talks in Crypto Capital case
Reginald Fowler is looking to renew his plea talks with U.S. prosecutors, eight months after rejecting the first plea deal.
Three Arrows Capital’s Su Zhu questioned in Singapore over lost billions
One outlet reports that the 3AC co-founder is set to be released this month after he was arrested in September and sentenced to four months in prison.
Appeals court denies Sam Bankman-Fried’s latest bid for release
Disgraced former FTX CEO Sam Bankman-Fried will remain in jail until his sentencing, set in March 2024, following the court's rejection of his release due to his arguments being "unpersuasive."
Taiwan police say 320 million Tether money laundering case is a new record
40-year-old Qiu, who claims to be a water merchant, is said to have received funds from groups involved in criminal acts, exchanging them for Tether before selling it to other parties for cash.
Mt. Gox creditors close to receiving repayments
Mt. Gox creditors will soon be able to take hold of their funds after the deadline for the payment method has lapsed, although a court said it could take a while before the money could be fully released.