Binance’s Changpeng ‘CZ’ Zhao ordered to stay in US until sentencing
On December 7, U.S. District Court Judge Richard Jones rejected CZ’s request to return to Dubai until his sentencing hearing on February 23, 2024.
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Taylor Swift evaded FTX due to securities violation concerns, lawyer says
Taylor Swift was the only celebrity who bothered to ask FTX if they were offering unregistered securities, and it saved her millions of dollars in an ensuing lawsuit.
Biden issues damning economic report for the digital asset industry
The economic report paints an ugly picture of the digital asset sector, and while it leaned mainly on the negative side, U.S. President Joe Biden highlighted the tech's ability to change industries for the better.
SEC charges Mango Markets manipulator Avraham Eisenberg with stealing $116M of digital assets
Avraham Eisenberg faces another charge tied to alleged fraud and market manipulation, this time brought by the U.S. securities regulator, which reiterated won't tolerate individuals or entities violating the securities laws.
Investors sue Winklevoss twins for fraud over Gemini’s interest-bearing accounts
Gemini was among the many digital asset companies offering Earn accounts but with the contagion hitting its business partner Genesis, it suspended the accounts.
‘Crypto’ is an obstacle to blockchain and DLT
The 'crypto' industry got in the wrong direction long ago and has gone too far by turning the original Bitcoin into a multitrillion-dollar gambling of speculations over other people's speculations.
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.
Celsius was a Ponzi scheme, Vermont watchdog says
The Vermont securities regulator has filed a motion in support of appointing an independent examiner in which it tore into Alex Mashinsky’s model at Celsius.
Celsius countersues ex-manager who called lender a ‘Ponzi scheme’
KeyFi founder Jason Stone, who managed billions for Celsius, sued the lender over reckless risking of customer funds, but Celsius is countersuing him for theft.
Crypto bros’ self-serving response to Russia’s war
The “crypto bros” self-serving response to Russia’s war on Ukraine is providing all the ammunition regulators need to bring the hammer down on their laser-eyed heads.
Will the US gov’t dump $3.6 billion of BTC soon?
As more people begin to accept that a prolonged bear market is likely upon us, the fear that the U.S. government could dump 94,000 BTC on the market has few people worried.
FTX, ByBit serving South Africans illegally, regulator warns
The FSCA said it has tried to contact FTX on the issue to no avail, but CEO Sam Bankman-Fried refuted the claims and said he wants to work with the regulator.