2022-9-2 01:49 |
Bankrupt crypto lending company Celsius is seeking to return customer funds held in its Custody Program and Withhold Accounts, arguing that they do not technically belong to the company itself.... origin »
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According to a recent Bloomberg report, FTX Trading Ltd. , the bankrupt cryptocurrency exchange, is suing its former top compliance officer, Daniel Friedberg, accusing him of enabling the misuse of billions of dollars of customer funds by company founder and alleged fraudster Sam Bankman-Fried.
2023-6-28 21:00 | |
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Embattled crypto lender Babel Finance lost over $280 million while trading with customer funds, The Block reported July 29, citing the firm’s restructuring proposal deck. The post Babel lost over $280M trading with customer funds; wants to raise up to $300M appeared first on CryptoSlate.
2022-7-29 18:00 | |
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Babel Finance, the Hong Kong crypto lender that suspended withdrawals in June, reportedly lost $280 million in proprietary trades with customer funds.
2022-7-29 12:36 | |
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Anthony Scaramucci’s SkyBridge Capital has frozen customer withdrawals in one of its funds, according to a Bloomberg report. Sources said the investment manager’s decision to suspend client withdrawals is due to the market conditions that have seen stocks and cryptocurrencies crashed, with most assets deep in the red year-to-date.
2022-7-20 17:04 | |
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The development follows weeks of rumors that the crypto lender could face insolvency issues due to the decline in the crypto market. Celsius Customers Blocked From Accessing Funds Celsius appears...
2022-6-13 09:34 | |
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The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse.
2022-6-1 18:21 | |
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U.S. President Joe Biden’s administration will press Congress to demand cryptocurrency exchanges keep their customers’ money separate from their own corporate funds, according to a person familiar with the plan that could constrain the way the industry does business.
2022-5-19 22:25 | |
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The long, drawn-out process of returning lost customer funds continues for Cryptopia liquidators Grant Thornton. Meanwhile, an ex-employee has been charged in New Zealand for a post hack theft.
2022-5-11 22:00 | |
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A phishing site is attempting to scam Coinbase customers into parties way with their crypto
2022-4-25 19:28 | |
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Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in products related to the crypto space.
2022-1-15 20:30 | |
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The order to shut down trading app Coinseed was given by New York's Supreme… The post Crypto trading app that converted customer funds into DOGE shut down appeared first on Coin Journal.
2021-9-14 14:32 | |
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Coinbase users are in trouble again. They are making their anger and frustrations known to the $65B company withholding their support. Customers of Coinbase are attacking the company for poor customer support service.
2021-8-25 19:00 | |
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Coinbase customers are venting again in frustration with the lack of customer support from the $65-billion company.
2021-8-25 07:49 | |
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ReSource Finance, a blockchain-based protocol for mutual credit networks extending loans to web3 businesses, has raised $1. 7 million from crypto funds and angel investors led by Future Perfect Ventures, NGC Ventures, and ExNetwork, as per a press release on Aug 12.
2021-8-12 17:00 | |
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The crypto exchange added that “all customer accounts and funds remain completely secure.”
2021-5-11 00:20 | |
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A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case. Crypto Exchange Accused […]
2021-4-24 16:30 | |
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Voyager Digital Ltd, a publicly traded holding firm with subsidiaries that operate a licensed crypto trading platform, has been accused by some of offering poor customer support. Users in An Uproar One Reddit user accused the crypto service provider of delaying his withdrawal request for nearly three weeks. He added that his plea for helpRead More
2021-4-21 13:01 | |
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PRESS RELEASE. In response to rising gas prices during the last weeks, DMEX has moved its trade processing to xDAI sidechain that allows for much cheaper transaction recording. Customer funds are still stored on an Ethereum smart contract, the trade recording, however, is now performed on xDAI.
2021-1-22 09:00 | |
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Deltec Bank & Trust announced it had invested customer funds in bitcoin since the cryptocurrency's price was around $9,300.
2021-1-15 01:51 | |
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Poloniex exchange has suspended customer service as it has faced an unexpected issue but Justin Sun promised that operations will resume as soon as possible
2020-12-5 11:08 | |
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The largest cryptocurrency exchange in trading volume, Binance, is hastening its efforts to sweep off every U. S. based customer off its global trading platform, Binance. com. According to a Decrypt report, the exchange is giving every U.
2020-11-26 20:11 | |
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Customer loyalty is a myth in the decentralized finance (DeFi), at least in current times. The post Uniswap (UNI) liquidity falls 50% as incentives end, funds flow to Sushiswap (SUSHI) appeared first on CryptoSlate.
2020-11-20 02:00 | |
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The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to "be very, very careful."
2020-10-22 00:44 | |
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About 2,000 of trading app Robinhood accounts were compromised in a recent hack that stole customer funds. The popular online brokerage service also offers trading of limited cryptocurrencies, previously said that cybercriminals targeted only a “limited number” of customer funds.
2020-10-16 18:27 | |
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As the craziness in the DeFi market wanes, especially the mania around high APYs and yield farming cooling down, market participants have shifted their focus to non-fungible tokens (NFTs). With the DeFi tokens down 80% to 90% in the past two months, people have to find excitement in something else.
2020-10-13 00:04 | |
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Blockchain protocol bZx suffered a hack early Monday, with hackers making away with almost $8 million in various cryptocurrencies before the vulnerability was patched. The post DeFi protocol bZx suffers $8 million hack, customer funds safe appeared first on CryptoSlate.
2020-9-15 00:00 | |
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Canadian crypto exchange Shakepay has secured cold wallet insurance through Aon with Lloyd's of London underwriters.
2020-8-26 16:00 | |
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Ledger said on Wednesday that its e-commerce database was hacked in late June, compromising about one million email addresses. No user funds were affected by the breach. In a blog post, the French bitcoin hardware wallet company revealed that contact and order information for customers was also exposed.
2020-7-30 18:30 | |
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Major cryptocurrency hard wallet company Ledger revealed that the platform suffered a data breach causing customers details to be compromised. Customer Funds Unaffected By Breach The company made the announcement via a blog post on Wednesday (July 29, 2020).
2020-7-29 12:56 | |
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Top hardware wallet Ledger revealed that a breach occurred in its customer information database, and email IDs for close to a million customers have been stolen. User funds are safe,...
2020-7-29 12:06 | |
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Tether and cryptocurrency exchange Bitfinex must face trial in a case regarding the loss of more than $850 million co-mingled client and corporate funds, a NY state appeals court ruled...
2020-7-11 02:09 | |
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Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2. 1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations of falsifying accounts and market manipulation.
2020-6-26 00:30 | |
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Before Wirecard's insolvency filing, Crypto.com and TenX said customer funds were unaffected by their partner's accounting scandal.
2020-6-26 19:35 | |
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An ex-bank worker in China has been found guilty of using the bank?s money and customer loan funds (almost 3 mln yuan) to buy Bitcoin
2020-6-12 13:28 | |
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BitMEX has released the postmortem of the downtime it suffered on May 19 ensuring that “at no point during this event were any customer funds at risk,” and that no liquidations occurred while the exchange was offline.
2020-5-23 20:04 | |
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QuadrigaCX, you know the story: Dead CEO, $190 million of customer's funds missing, mismanagement, conspiracy. But where are we now in terms of making crypto clients whole?
2020-4-28 17:00 | |
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While no user funds were impacted, a recent breach of custody provider and Kraken partner Etana may have compromised customer data
2020-4-27 11:09 | |
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EOS Ecosystem, a wallet app returns out to be a scam and possibly runs away with $52M user funds
2020-4-22 23:45 | |
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The Peer-to-Peer (P2P) crypto exchange Paxful has launched trading between Gold and Bitcoin (BTC) in response to customer demand. The service offers a transfer procedure and a swap option. The parties need to negotiate terms first, after which the transfer of gold will take place in person. The BTC holder has to send the funds […]
2020-4-8 20:41 | |
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When the first cryptocurrency exchanges sprung up in late 2010, multisig wallets had yet to be invented. As a result, a single private key was commonly used to control all customer funds. Today, multisig has been complemented by sophisticated solutions such as Unbound Tech’s CASP, which uses secure multi-party computation.
2020-2-28 09:25 | |
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A recent report from Silicon Valley-based Anchain AI wonders out loud whether funds were purposely pilfered by insiders, challenging FCoin’s official line claiming a data error was to blame.
2020-2-26 08:00 | |
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Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden of proof.
2020-2-19 18:10 | |
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The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service.
2020-1-31 01:00 | |
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A user of Binance Singapore has reported a rather worrying development for those Bitcoin users that value their privacy. The exchange platform has apparently banned the customer in question from withdrawing its funds because it suspects that he or she has previously used a wallet with a built-in coin mixing tool.
2019-12-19 19:01 | |
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The CryptoBridge exchange, aiming to offer multiple altcoin projects through decentralized trading, is closing down. The exchange still has hold of some customer deposits, and will release the digital funds up until December 15.
2019-12-2 13:29 | |
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Email leak: BitMEX says customer funds safe, as trolls take over company Twitter
2019-11-1 18:00 | |
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Exclusive: CEO of Brazilian crypto firm refusing to pay out customer funds declared owning 25K BTC
2019-10-1 16:10 | |
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A new authority joins the investigative search on Quadriga CX, bankrupt digital asset exchange that lost over $190 million USD of customer’s funds. Ever since the Quadriga CX case broke out, whereby the Canadian digital asset exchange CEO, Gerald Cotton, reportedly died in India taking to the grave the private keys of users’ funds, a […]
2019-9-17 17:18 | |
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Liquidators Grant Thornton New Zealand have released an update for Cryptopia account holders and other creditors following the shutting down of the New Zealand-premised crypto exchange. The liquidator said it has made big strides in the determination of customer holdings, but how the funds were managed by the exchange will cause more delays. In the […]
2019-8-21 20:01 | |
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Celsius seeks a $2 billion return from users who withdrew funds within 90 days before its bankruptcy, aiming for fair creditor treatment.
Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
Bankrupt crypto lender Celsius has opened withdrawals for eligible custody users starting Nov. 29, according to a statement on its official handle on social media platform X (formerly Twitter). A Nov.
“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks. The company will repay its creditors using Bitcoin and Ethereum and stock in the new company.
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.
Bankrupt crypto lender Celsius has proposed the appointment of Algorand’s blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its operations, according to court filings.