![Man holds a smartphone with crypto exchange Binance on screen with SEC logo in the background Man holds a smartphone with crypto exchange Binance on screen against the background of monitor with the SEC logo](https://coingeek.com/wp-content/uploads/2023/06/Man-holds-a-smartphone-with-crypto-exchange-Binance-on-screen-with-SEC-logo-in-the-background-380x188.webp)
Binance, SEC still in hostage negotiation over Binance.US assets
Binance faces a series of unfortunate events following the SEC's charges, with Binance.US announcing layoffs and a pay cut, while the exchange's BNB value plummeted.
Binance faces a series of unfortunate events following the SEC's charges, with Binance.US announcing layoffs and a pay cut, while the exchange's BNB value plummeted.
The SEC's charges against Coinbase put the company at a high risk, with Berenberg analyst Mark Palmer projecting that "at least 37%" of the exchange's revenue could be wiped out.
Jump Trading entered into an agreement with Terraform Labs to manipulate UST to stay at $1 and in return purchased LUNA at a 99% discount, investors allege.
Winklevoss twins announced that Gemini had "reached an agreement in principle" with Genesis Global Capital, DCG, "and other creditors on a plan that provides a path for Earn to recover their assets."
Benjamin Delo pleaded guilty to violating the Bank Secrecy Act alongside Hayes and Reed, but despite prosecutors pushing for a bigger sentence, he has avoided prison.
CoinFLEX creditors launch a legal battle against former CEO Mark Lamb for allegedly teaming up with 3AC founders in using their assets as their "personal piggy bank."
Signature Bank was under federal investigation for suspected money laundering by its crypto clients before the New York financial institution was taken over by state and federal regulators.
In legally ambiguous and vague language, Gemini repeatedly told its customers that funds were FDIC-insured, giving them false hope that their money was safe.
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
SBF recently tweeted his "thoughts on crypto regulation" alongside a more detailed set of Possible Digital Asset Industry Standards posted to the policy page of the FTX.US.
Samuel Reed, along with Arthur Hayes, Benjamin Delo, and Greg Dwyer, are accused of knowingly operating a BTC trading platform that had a lax anti-money laundering program and failed to conduct basic KYC checks.
Roni Cohen-Pavon has entered a plea of guilty to charges of securities fraud, wire fraud, manipulation of security prices and conspiracy to commit price manipulation of the CEL token.