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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The self-custodial Bitcoin Lightning Network wallet disabled infrastructure after an incident and founder Evan Kaloudis said no customer funds were lost and no Lightning vulnerability was found.
2026-8-6 15:11 | |
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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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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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Japanese cryptocurrency exchange Bitpoint was hacked last week when hackers stole 3. 5 billion yen ($32 million) from the exchange’s hot wallet, of which 2. 5 billion yen were customer funds.
2019-7-16 15:48 | |
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Bitcoin (BTC) up 2. 8 percent Hackers strike Bitpoint, user funds stolen Bitpoint is the latest Japanese exchange to lose customer funds through a hack. In an announcement, the exchange said it lost $32 million worth of Bitcoin, Litecoin and other coins stored in their hot wallet.
2019-7-12 21:00 | |
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Cere Network has received strategic funding from Binance Labs, who initially provided funding and mentorship for the project in its blockchain incubation program
2019-7-4 10:13 | |
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Coinspeaker Bitfinex Has Relinquished a $100 Million of its Loan from TetherFollowing the 2016 cyber attack on top cryptocurrency exchange - Bitfinex, that brought about its loss of $700 million Customer funds.
2019-7-3 14:20 | |
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A lot of things are happening in the world of cryptocurrency. While not all of these developments are prominent or even positive, it is important to keep tabs on everything that is going on. It now appears the Bitsane exchange has become defunct and they may have stone customer funds in the process.
2019-6-28 19:09 | |
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By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed.
2019-6-21 13:07 | |
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In a 70-day page report released Wednesday, one of the big four accounting firms claimed that Gerald Cotten, who died last December transferred millions of dollars in cryptocurrency out of customer accounts into others exchanges.
2019-6-21 22:48 | |
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Ernst & Young revealed that QuadrigaCX, a failed Canadian crypto exchange that lost almost $190 million of its users funds, may have committed fraud. Auditors found that the exchange’s late founder and CEO transferred user funds off QuadrigaCX and used them for margin trading on other exchanges, losing millions.
2019-6-21 22:19 | |
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QuadrigaCX CEO and founder Gerald Cotten reportedly created fake accounts at other crypto exchanges and funded them with his customers' money.
2019-6-20 14:05 | |
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The latest court-ordered report into the QuadrigaCX scandal arrived yesterday with some pretty damning claims of fraudulent activity. These include founder and CEO, Gerald Cotten, embezzling customer funds to margin trade (badly) on other exchanges for years.
2019-6-20 13:00 | |
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Bittrex Doesn’t Want To Give Back $100k To Customer A Redditor decided to ask for help on the recognized social media network saying that he lost $100,000 with Bittrex sending Bitcoin Cash and Bitcoin SV together.
2019-6-18 22:08 | |
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With a ready state-of-the-art produced working live platform, Capitual is already bringing crypto-currencies to people in different sectors. With your help, we can popularize crypto-currencies' usage across the whole world! Capitual brings the evolution of crypto-currencies for the rest of us by allowing instant exchange between fiat and crypto-currencies.
2019-6-13 21:03 | |
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By CCN: Coinroom, one of the largest cryptocurrency exchanges in Poland, has suddenly closed down its services in April as part of an exit scam that had left thousands of customers as victims. According to the Polish media outlet Money.
2019-6-7 12:39 | |
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Polish cryptocurrency exchange Coinroom has reportedly ceased operations and disappeared with customer funds
2019-6-5 01:30 | |
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By CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise. The investing giant, which popularized mutual funds and exchange-traded funds (ETFs) for the common investor, has been using distributed ledger technology to manage $1.
2019-6-1 01:20 | |
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Hackers from North Korea are making headlines again, this time for going after the funds of users of South Korean cryptocurrency exchange UpBit. The hackers allegedly sent a phishing email to UpBit users earlier this week.
2019-5-31 11:29 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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Several major cryptocurrency traders have reportedly begun discussing plans to enact an industry-wide blacklist of suspicious actors, to stem the tide of scams, theft and fraud in the crypto space.
2019-5-10 15:52 | |
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Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO).
2019-5-8 18:33 | |
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The crypto community has been laser focused on the current dilemma between Bitfinex exchange and New York prosecutors over the alleged loss of $850 million of co-mingled customer and corporate funds.
2019-5-7 22:15 | |
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New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds.
2019-5-5 18:49 | |
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Digital Assets Data is launching a crypto data platform to deliver institutional grade insights to investment funds. The customer base will encompass everything from family offices to hedge funds. This according to a Venture Beat, report April 30, 2019.
2019-5-1 15:00 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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Today it was not a good day for virtual currencies. Most of them are registering large losses after the scandal in which Bitfinex and Tether (USDT) are involved. The New York State Attorney General Letitia James explained that Bitfinex mismanaged customer’s funds, something that could have had very negative effects in the crypto market. Can […]
2019-4-27 00:33 | |
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Federal prosecutors have urged a U.S. court to grant a reduced sentence to former Celsius executive Roni Cohen-Pavon, citing his cooperation in the case against the company’s founder. According to a letter filed Monday in the U.S. District Court for…
Alex Mashinsky, disgraced founder of Celsius, was sentenced to 12 years in prison.
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.