New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+
and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto ...
New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+
and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto ...
New York AG Letitia James sues the Winklevoss' Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+
New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis …
New York AG Letitia James sues the Winklevoss' Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+
New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis …
The FTX estate floats an amended proposal to return up to 90% of creditor holdings, divided into three pools, and plans to formally file the plan by December 16
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.
Analysis: Binance transferred just ~10.78M BNB tokens in its 2017 ICO vs. the 100M earmarked, and quietly gave angel investors 40M BNBs, double their allocation
The mythology surrounding the rise of the world's largest crypto exchange is impressive. However, a Forbes investigation reveals …
SEC objects to Coinbase's proposed involvement in Celsius' plan to emerge from bankruptcy, saying the plans “go far beyond the services of a distribution agent”
- Regulator objects to Coinbase distribution agreements — Coinbase, Celsius each face separate lawsuits from the SEC
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, as “Paxos halted minting of new BUSD” after an NYDFS order in February 2023
Jamie Crawley / CoinDesk :
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, citing Paxos ceasing to mint new BUSD after an NYDFS order in February 2023
The move follows Paxos' decision to halt minting of new BUSD. — Cryptocurrency exchange Binance said it will …
Filing: BAM Trading, which runs Binance.US, seeks a protective order limiting the US SEC to four depositions and accusing the agency of “a fishing expedition”
Filing: BAM Trading, which runs Binance.US, seeks a protective order against the SEC due to “conducting a fishing expedition”; the SEC seeks four depositions
- BAM Trading, the company behind Binance.US, filed a motion on Monday to seek a protective order against the SEC.
Sources: US DOJ officials are weighing fraud charges against Binance but worry that an indictment could cause a run on the exchange like the one that befell FTX
U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance, but are concerned about the cost …
After Curve disclosed a hack, CRV dropped by ~25% in three days, prompting fears of wider market turbulence; DefiLlama: crypto using Curve fell ~50% to $1.9B
- Curve's native CRV coin posted three-day, 25% slump after hack — Drop raised concerns about wider fallout from platform's woes
Sources: the FBI searched Kraken co-founder Jesse Powell's home in March 2023, as part of US prosecutors' probe into claims he hacked a nonprofit he founded
Federal agents were investigating Jesse Powell, the founder of the crypto exchange Kraken, over claims that he hacked and cyber-stalked a nonprofit arts group.
NY AG's documents: Tether once counted Chinese companies' securities among its reserves; in July 2022, Tether claimed not to be holding Chinese commercial paper
Bloomberg :
NY AG documents: Tether once counted securities from Chinese companies among its reserves; Tether said in July 2022 that it held no Chinese commercial paper
Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin …
Source: Binance rejected buying Tron founder Justin Sun's Huobi stake due to Huobi's alleged ties to China; Sun's Huobi involvement is shrouded in secrecy
The White House's proposed budget will include a provision to close tax loss harvesting on crypto transactions, with the change expected to raise up to $24B
The U.S. President is expected to unveil his budget proposal on Thursday. — U.S. President Joe Biden's proposed budget …
Source: Silvergate is in talks with FDIC officials about ways to avoid a shutdown, including lining up crypto-industry investors to help shore up its liquidity
Bloomberg :
A look at a draft copy of Sam Bankman-Fried's planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.