Jesse Powell of Kraken joins ‘crypto’ CEO skedaddle
On September 21, Kraken announced a ‘leadership succession plan’ that will see Jesse Powell quit the CEO position to make room for David Ripley, the company’s COO for the past six years.
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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.
SEC settles with Tether’s former auditor for $1.5M over unprofessional accounting
Friedman LLP practiced improper professional conduct in 2017-18, the same time frame the firm audited Tether, although the U.S. securities regulator didn’t mention the stablecoin.
FTX gets spanked by UK watchdog, Alameda to repay Voyager debt
The U.K.’s Financial Conduct Authority (FCA) has warned consumers that FTX is operating in the U.K. without local permission, putting another dent in its founder’s increasingly tarnished PR halo.
South Korea moves to freeze $61M worth of Do Kwon’s BTC as he denies links
Authorities in South Korea ordered KuCoin and OKX to freeze over 3,300 BTC they claim is owned by the Luna Foundation Guard, but Kwon claims he knows nothing about it.
Philippines: Policy think tank Infrawatch PH wants central bank to curb Binance’s back-door reentry
Binance was booted out of the Philippines and shortly after claimed to be in talks to acquire a licensed VASP—Infrawatch says this can’t be allowed to happen.
Coinbase hit with $350 million patent infringement suit
Coinbase's credibility is once again put into question as it faces a $350-million lawsuit from a global blockchain-based software for allegedly infringing the latter's intellectual property.
US: One-half of couple accused of money laundering seeks court’s permission to access digital asset wallets
The Bonnie and Clyde of the 'crypto' space arrested over a 2016 heist are creating another buzz after one of them requested access to digital assets, a move feared signals their re-entry into trading.
Celsius creditors support appointment of trustee in bankruptcy case
Attorneys for the bankrupt lender also revealed that they were in support of the trustee’s request to appoint of an independent examiner to probe the firm.
Head trader of alleged Ponzi scheme in US pleads guilty to securities fraud
A Florida man faces a five-year jail term for scamming investors over $100 million through a sham platform he operated with two others, promising victims bountiful returns that are hard to ignore.
BTC-e operator Alexander Vinnik pleads for prisoner swap between US and Russia
Alexander Vinnik called on Russian authorities to negotiate with Washington for his extradition back to Russia in exchange for U.S. citizens detained in Moscow, according to reports.
Mt. Gox creditors have until September 15 for transfer claims
In the latest update, the Mt. Gox trustee told creditors that after September 15, he will “cease accepting applications for claim transfer procedures.”