Binance, a crypto exchange, has played a key role in helping Thai authorities dismantle a massive crypto scam that drained over $277 million from victims across Thailand. Working with the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police and the US Department of Homeland Security, Binance provided crucial intelligence that led to the […]
Judge Analisa Torres has rejected the United States Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal against the recent Ripple ruling. In an Oct. 3 court order, Judge Torres denied the SEC’s motion as the SEC failed to meet its burden to show there were controlling questions of law or that there […]
Sam Bankman-Fried, the CEO of FTX, was worried that his employees had become too wealthy due to the sudden increase in the value of SRM. As a result, he changed the rules and made them wait longer to sell their shares.Michael Lewis’ new book “Going Infinite” details the story of how Bankman-Fried reacted to the […]
Celsius Network has begun its bankruptcy trial in New York, with the goal of relaunching itself as a user-owned Bitcoin miner. The company has informed a judge that it intends to repay customers whose funds have been frozen since June 2022 with a portion of what they are owed by the end of the year. […]
Sam Bankman-Fried, former CEO of FTX, is on trial in New York for seven counts of conspiracy and fraud in connection with the collapse of the cryptocurrency exchange he co-founded. He has pleaded not guilty to all charges and is being heard by Judge Lewis Kaplan. Bankman-Fried was arrested in the United States on his […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl. The U.S. Justice Department announced indictments against several China-based chemical manufacturers and their employees, who allegedly used crypto transactions to conceal their identities and the movement of […]
Binance, a crypto exchange, has recently joined forces with the Royal Thai Police in an investigation that led to the arrest of several suspects behind fraudulent activities. The investigation was assisted by Binance, the Cyber Crime Investigation Bureau (CCIB), and the US Homeland Security Investigation (HIS). The law enforcement agencies and the crypto exchange managed […]
Ardana Labs, a project that aimed to provide an innovative stablecoin platform for the Cardano network, raised $10 million from investors in 2021. However, the project suddenly closed up shop in November 2022, citing “funding and project timeline uncertainty.”Web3 risk-management platform Xerberus has now suggested that Ardana executives likely transferred 80% of the project’s funds […]
Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, is facing a criminal trial in the United States Justice Department. During jury selection on Oct. 3, Assistant U.S. Attorney Danielle Sassoon revealed that former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, former FTX engineering director Nishad Singh, and former FTX chief operating officer […]
Alex Mashinsky, the former CEO of Celsius, will stand trial in September 2024 for multiple counts of fraud, including wire fraud, securities fraud, commodities fraud, and conspiracy to manipulate the value of the company’s native crypto token, CEL. His lawyers will make a case based on the ambiguity surrounding the legal status of cryptocurrencies. The […]
