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Despite endless media appearances, SBF unlikely to testify on 13th
5.12.2022
One observer suggested Bankman-Fried may be reluctant to discuss FTX due to the legal implication of lying under oath to the U.S. Congress
FTX Japan Plans to Restart Local Customer Withdrawals
2.12.2022
FTX has approved its Japanese subsidiary's plan to restart withdrawals for customers
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out
1.12.2022
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating...
Former FTX CEO Sam Bankman-Fried denies "improper use" of customer funds
1.12.2022
According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.”
EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'
1.12.2022
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil
FTX reportedly used Alameda's bank accounts to process customer funds
29.11.2022
Former FTX CEO Sam Bankman-Fried, in a conversation with Vox admitted to using Alameda’s banking facilities for FTX user deposits
JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse
29.11.2022
JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan...
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon
25.11.2022
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while...
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
22.11.2022
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between...
Crypto scammers are using black market identities to avoid detection: CertiK
18.11.2022
The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities
Binance receives FSP from FSRA of ADGM to enhance customer safety
17.11.2022
Binance has gained the capability of allowing its professional clients to claim custody. The update follows the development wherein the crypto platform has received Financial Services Permission from the Financial Services Regulatory Authority of ADGM, short for Abu Dhabi Global Market. Receiving...
Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations
16.11.2022
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational....
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
16.11.2022
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022
Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year
14.11.2022
A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees in a number of European countries. Cyberpolice...
FTX Collapse: Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing
13.11.2022
The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptcy protection filing. The CEO insisted that her firm does not hold customer funds and is presently...
FTX Used $10 Billion of Customer Funds to Prop Up Alameda Research, Lost it All – What Happens Next?
11.11.2022
Sam Bankman-Fried’s troubled cryptocurrency exchange FTX lent billions of dollars in user funds to its sister company Alameda Research to fund risky bets.
According to a recent report by The Wall Street Journal, the exchange provided up to $10 billion in loans using money that customers...
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause
11.11.2022
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of clarity” on the current state of FTX, which...
Alchemy Pay Brings OnRamp and NFT Checkout to London Token2049
11.11.2022
PRESS RELEASE. Fiat-crypto payment provider, Alchemy Pay, is bringing its mainstream-friendly services to Europe’s foremost crypto conference – London Token2049. The Singapore-based company has taken its payment network infrastructure and pivoted to direct-to-customer (D2C) services, with...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
11.11.2022
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked...
FTX Suspends Customer Signups After Widespread Criticism
10.11.2022
The exchange is facing an acute liquidity crisis