Coinbase’s UK unit – CB Payments Limited (CBPL) – was fined $4.5 million by the UK financial regulatory agency, the Financial Conduct Authority (FCA), for repeatedly violating a requirement that…
Binance has received court approval allowing it to invest customer fiat funds into US Treasury Bills (T-Bills) after a year of heightened scrutiny of Binance’s operations in the United States.…
BlockFi will begin distributing crypto assets to eligible customers via Coinbase starting in July 2024, with distributions processed in batches and notifications sent to registered email addresses. July 2024 Distributions…
FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022. …
According to a recent report by Bloomberg Law, the bankrupt crypto exchange once run by Sam Bankman-Fried, FTX, has reached a settlement with the Internal Revenue Service (IRS) regarding a…
In a startling development in Hong Kong’s crypto sector, a scam involving “hell banknotes” has led to the arrest of three employees from a crypto exchange shop in Tsim Sha…
In a surprising turn of events, bankrupt cryptocurrency exchange FTX recently announced a new repayment plan to reimburse creditors and customers in full. The plan also includes a substantial compensation…
In the unfolding narrative of the protracted conflict between the US Securities and Exchange Commission (SEC) and Binance.US, regulatory scrutiny has reached a heightened intensity. Concerns raised by the SEC…
A South Korean district court has sentenced the CEO and CTO of cryptocurrency exchange Bitsonic to eight years in prison for stealing millions of dollars in customer funds. According to…
In a recent development, Digital Currency Group (DCG), the parent company of bankrupt crypto lender Genesis Capital, has objected to Genesis’ bankruptcy plan, arguing that it violates the Bankruptcy Code. DCG’s…
