US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec
It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by Deltec on behalf of unspecified corporate clients.
It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by Deltec on behalf of unspecified corporate clients.
The Wall Street Journal recently released a video interview with Brian Armstrong the day after the U.S. Securities and Exchange Commission filed a lawsuit accusing Coinbase of operating an unregistered securities exchange, broker and clearing agency.
On March 23, Hindenburg Research issued a lengthy report on how "inflated user metrics and 'frictionless' fraud facilitation enabled [Block] insiders to cash out over $1 billion."
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
TD Bank Group stated that it had agreed to a “settlement in principle relating to litigation involving the Stanford Financial Group,” which sees them pay US$1.205B to the court-appointed receiver.
Citing "unresolved issues" tied to its relationship with Binance, the NYDFS ordered Paxos to halt the minting of BUSD while users have until February 2024 to redeem their stablecoins.
2023 is a challenging year for the digital asset space, with major firms collapsing, high-profile names getting into lawsuits, and regulators rushing to balance innovation and regulation.
Digital Currency Group boss Barry Silbert has issued a note to shareholders, noting the “difficult industry conditions” plaguing the digital asset sector.
The digital asset lender has five days from the date of the order to comply by handing over the Securities and Exchange Commission’s requested documents, creating a deadline of October 18.
The complaint accuses Grayscale and Digital Currency Group of “brazen abuse of their control over nearly $19 billion of digital assets held in two trusts to enrich themselves at the expense of trust shareholders.”
Branding itself as a friendly hub for "crypto" investors, Texas is now focusing on regulating the digital asset sector through its new alliance, whose founding members have a shady track record.
In a 'town hall' meeting on January 25, U.K.-based digital assets exchange Luno revealed that around 35% of them were out of a job.