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Documents Reveal Binance.US Suffered a $181 Million Loss in 2022


Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed. The loss came despite Binance.US receiving some $132 million last year from its parent company...

SEC, Ripple Seeking One-Week Extension on Unsealing Hinman Documents


The US Securities and Exchange Commission and Ripple have requested a one-week extension on unsealing the internal deliberations following a speech by former director William Hinman. On Friday, both the SEC and Ripple reportedly filed a request seeking to extend the deadline for the filing...

FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project


Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang...

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