Bitzlato received €1B from criminals, with $346M flowing to Binance: Europol
Europol worked with the U.S., Spain, Portugal, and others to crack down on Bitzlato even as Reuters revealed that Binance processed over $346 million for the exchange.
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Digital Currency Group-owned exchange Luno axes 35% of staff
It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry insiders view the growth prospects of exchanges in the near-term future.
Genesis parent company files for Chapter 11 bankruptcy protection as Winklevoss kicks Silbert anew
Sign traders' expectations proved true as Genesis Global Capital LLC's parent company officially filed for Chapter 11 bankruptcy following a tumultuous year for the 'crypto' house of cards.
COPA’s Block forced to cite Craig Wright’s smart contract patent
Jack Dorsey’s Block—a founding member of Crypto Open Patent Alliance—has been forced to cite one of Dr. Wright’s foundational blockchain patents in one of their own recently-approved smart contract patents.
Three Arrows Capital, CoinFLEX founders plot ‘crypto claims’ exchange
3AC's Kyle Davies and Su Zhu are teaming up with CoinFLEX co-founders for a $25-million “crypto claims market" GTX, but several key players doubt its authenticity.
Former FTX engineering chief Nishad Singh seeks plea deal
A favorable plea deal awaits former FTX engineering chief Nishad Singh if he could offer insight on Sam Bankman-Fried's campaign finance that could be key to solving the exchange's alleged crimes.
Binance gets initial OK for Voyager deal, admits BUSD not always backed
Binance.US will assume control of $1 billion in digital assets frozen last July when Voyager filed for Chapter 11 protection.
Binance’s ties to US hedge funds probed by DoJ as outflow surges
Former DoJ prosecutor John Ghose said Binance "did not have a reputation of being a responsible exchange" as authorities look into hedge funds tied to the controversial exchange.
Gemini seeks ‘unfit’ Barry Silbert’s ouster as Digital Currency Group CEO
Cameron Winklevoss says some 340,000 Gemini Earn users have been “defrauded” by DCG subsidiary Genesis Global Capital and, by extension, by Silbert “and other key personnel.”
Coinbase pays $100M to atone for shoddy AML/KYC compliance
The New York DFS announced that it had reached a $100m settlement with Coinbase after a probe identified failures in its AML program, including its KYC/customer due diligence (CDD).
Sam Bankman-Fried pleads not guilty, shots fired over FTX assets
SBF pleaded not guilty to charges that include wire fraud, commodities fraud, securities fraud, conspiracy to commit said frauds, and campaign finance violations.
Gemini’s Winklevoss, DCG’s Silbert play blame game over Genesis collapse
Barry Silbert hits back with Cameron Winklevoss' accusation, saying DCG never borrowed funds from Genesis and has delivered a proposal to solve the liquidity issues at both firms.