An ongoing U.S. Department of Justice probe into whether Binance violated the Bank Secrecy Act sought internal records to determine if the digital currency exchange was complying with AML rules.
Ishan Wahi, his brother Nikhil and friend Sameer Ramani are accused of violating securities laws’ antifraud provisions to earn over $1.1 million in illegal profits between June 2021 and April 2022.
The CFTC and DOJ charged the four with defrauding investors through Empowercoin, Ecoinplus, and JetCoin, which were described as digital asset multi-level marketing scams.
The U.S. Securities and Exchange Commission has opened an investigation into Binance.US over its relationship with two trading firms said to be trading against Binance.US customers.
Binance came under regulatory fire on three continents in the space of a single weekend, another sign that the enforcement walls are rapidly closing in on the troubled cryptocurrency exchange.
The U.S. Securities and Exchange Commission has charged Kraken and Coinbase with selling unregistered securities, revealing asset risks and regulatory challenges, as industry leaders grapple with compliance issues and fiscal discrepancies.
The U.S. SEC rejected the various arguments made by Binance, stating in its response to the exchange's motion that "no court has adopted Defendants' tortured interpretation of the law."
The hike in BTC's fiat price last week is not because it is a "digital gold" with actual utility but based on rumors that the U.S. securities regulator is close to stamping its approval to BlackRock's IBTC ETF application.
Ex-Coinbase product manager Ishan Wahi has been sentenced to two years in prison for insider trading he had committed while working at the exchange.
The FTX collapse did not happen overnight but seemed to be predetermined, with a new report coming to light highlighting the recovery of billion-dollar assets and tokens that have yet to be secured.
Henslee concludes that it’s a good thing BSV was delisted from Bitfinex as this exchange is shady for him, and it’s best not to be associated with it in any way, shape, or form.
Sam Bankman-Fried, whose FTX exchange sold both UST and LUNA, has emerged to tell the Financial Times that Bitcoin has no future as a payments network.
