SEC charges SBF with defrauding investors

SEC states Sam Bankman-Fried “concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1. 8 billion from investors The Securities and Exchange Commission on December 13, charge SBF with “orchestrating a scheme to defraud equity investors in FTX Trading Ltd (FTX)” Since May, 2019, FTX raised over $1. дальше »

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Coinbase’s law enforcement requests rose 66% in 2022

Coinbase exchange, in its 4th transparency report, revealed that law enforcement requests for information on its over 108 customers have increased by 66% in the past year, with American authorities having the most requests. дальше »

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Amid Senate’s Inquisition, FTX’s Sam Bankman-Fried Wants To Float A New Business To Pay Back Customers

Running low on options, FTX’s founder wants to make one last-ditch attempt to repay customers, but experts term it a long shot. Sam Bankman-Fried revealed in an interview with the BBC over the weekend that he is willing to go the extra mile to repay customers after the implosion of his exchange. Bankman-Fried stated that […] дальше »

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Paxful CEO asks customers to move their Bitcoin to self-custody

Paxful CEO Ray Youssef wants to see more Bitcoin (BTC/USD) holders take control of their funds through self-custody. His advice comes at a time multiple crypto exchanges are trying to assure customers that their assets are safe with proof of reserves. дальше »

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Bybit becomes latest crypto exchange to announce proof-of-reserves

Bybit has announced it has made available a proof of reserves (PoR) page to reassure its customers that it’s a trustworthy company. дальше »

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Starbucks Launches Odyssey NFT Rewards Program

The Starbucks Odyssey program combines its existing loyalty rewards with NFTs and will ensure its customers benefit from new incentives and rewards. The post Starbucks Launches Odyssey NFT Rewards Program appeared first on NFT News Today. дальше »

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Bahamian attorneys pursue access to FTX data of international customers

The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations. дальше »

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Coinbase tell customers to dump Tether, stablecoin war heats up

Key Takeaways Coinbase has encouraged customers to dump Tether for USD Coin by waiving fees Binance had delisted USDC pairs last September to push its own stablecoin, BUSD The war between the centralised stablecoins deepens DAI holds the torch for decentralisation but faces uphill battle for relevancy as model seems unscalable The stablecoin war is […] The post Coinbase tell customers to dump Tether, stablecoin war heats up appeared first on CoinJournal. дальше »

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FTX to File for Bankruptcy as Metacade (MCADE) is Set to Skyrocket in Presale

Crypto markets were shaken to the core by the recent news that the world’s second-largest crypto exchange FTX was to file for bankruptcy in US courts. An $8 billion black hole was discovered in FTX’s balance sheet after dozens of customers withdrew their funds, and a potential takeover from arch-rival Binance fell through, leaving founder […] The post FTX to File for Bankruptcy as Metacade (MCADE) is Set to Skyrocket in Presale appeared first on CoinJournal. дальше »

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Binance.US Removes Trading Fees For Ethereum Months After Doing Same For Bitcoin

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Near-bankrupt Genesis ‘is working’ to preserve clients’ assets

To strengthen liquidity, striving crypto exchange Genesis has announced ongoing work to preserve client assets. It might take weeks to come up with a plan. After locking up customers’ funds for about three weeks, Genesis Global Capital is reportedly working… дальше »

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Celsius Bankruptcy Ruling May Give Hope to FTX Victims

A U.S. judge has determined that certain customers of bankrupt crypto lender Celsius Network are entitled to receive their deposits back. The post Celsius Bankruptcy Ruling May Give Hope to FTX Victims appeared first on BeInCrypto. дальше »

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Genesis yet to enable customer withdrawals amid FTX contagion

Genesis, a US-based crypto lending platform, informed its customers that withdrawals might be halted for weeks while it develops a plan to avoid potential bankruptcy. дальше »

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Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg

Celsius filed a motion in September to return crypto to customers who held assets in such accounts. дальше »

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Crypto Exchange Binance.US Eliminates Trading Fees for Ether

The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens. дальше »

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Gemini launches creditor committee to recover customers’ funds

Winklevoss twins have created a committee of creditors to reclaim Gemini’s funds from DCG and Genesis, who reportedly owe the exchange about $900 million. Cameron Winklevoss has revealed that Gemini, the crypto exchange he co-founded with his brother Tyler in 2014, has… дальше »

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Next Level Yields Will Drive Oryen Network Further Than GMX And SNX

Users can receive cryptocurrency rewards through staking by either contributing assets to a pool or a contract, similar to how depositors get interest on their savings in conventional banks. Utilizing this concept, the new DeFi startup Oryen (ORY) is generating customers an incredible passive income through its Initial Coin Offering (ICO). дальше »

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Nexo to Depart US After Regulator Discussions Hit 'Dead End'

Crypto lender Nexo announced Monday it would stop offering services to U.S. customers over the next several months, and would immediately suspend Earn access in eight states. дальше »

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Coinbase CEO Says FTX Clearly Stole User Funds, Rejects Claims of Accounting Error

Coinspeaker Coinbase CEO Says FTX Clearly Stole User Funds, Rejects Claims of Accounting Error Coinbase chief slammed crypto exchange FTX over their excuses for an accounting error. Brian Armstrong said that FTX clearly stole customers' money by moving funds to Alameda Research. дальше »

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Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources

In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned. дальше »

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SBF Says FTX Customers Deposited Around $5B Into Alameda-Controlled Account

Sam Bankman-Fried could not explain how customer funds went missing at Alameda. He also revealed the firm enjoyed privileges with FTX. The post SBF Says FTX Customers Deposited Around $5B Into Alameda-Controlled Account appeared first on BeInCrypto. дальше »

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Crypto Lender Genesis Owes Crypto Exchange Gemini Clients $900M, FT Report

Crypto lender Genesis owes US-based crypto exchange Gemini customers $900 million, according to a December 3 Financial Times report. The post Crypto Lender Genesis Owes Crypto Exchange Gemini Clients $900M, FT Report appeared first on BeInCrypto. дальше »

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Crypto lender Genesis owes Gemini crypto exchange customers $900M

Major crypto lender Genesis Trading and its parent company Digital Currency Group (DCG) owe users of cryptocurrency exchange Gemini $900 million. Financial Times reported on Dec. 3, 2022, that users of Gemini Earn lost $900 million when Genesis — the external firm that… дальше »

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Dems and Reps join forces to pressure SBF to testify before Congress

“Your willingness to talk to the public will help the company’s customers, investors, and others,” said House Financial Services Committee chair Maxine Waters, addressing SBF. дальше »

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FTX Japan to unfreeze withdrawals of client funds

Japanese users of failed crypto exchange FTX might soon be able to withdraw their funds as the Japanese subsidiary said it is working to make funds available to their customers. The post FTX Japan to unfreeze withdrawals of client funds appeared first on CryptoSlate. дальше »

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Brands Will Save Crypto? Be Careful What You Wish For

It’s not enough to depend on the goodwill of legacy platforms and of the mega-companies that use core blockchain frameworks to reach audiences and customers. We must deliberately build systems over which those corporate machines can’t exert control. дальше »

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FTX Japan Looks to Unfreeze Client Funds and Allow Withdrawals

FTX Japan has announced plans to allow customers to withdraw funds from the exchange soon, meaning they will be among the first to get their money back. The post FTX Japan Looks to Unfreeze Client Funds and Allow Withdrawals appeared first on BeInCrypto. дальше »

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FTX Japan Plans to Restart Local Customer Withdrawals

FTX has approved its Japanese subsidiary's plan to restart withdrawals for customers. дальше »

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Stripe Debuts Fiat-to-Crypto Payment Offering for Web3 Businesses

The widget allows customers to more easily use crypto to engage with businesses and content creators across the world. дальше »

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Former FTX CEO ‘apologetic’ over FTX collapse 

Up to now, it’s not yet clear whether the FTX customers or investors will get compensation for their investments. However, Sam Bankman-Fried hinted that the US and Japanese customers could be made whole though he didn’t elaborate on how it would happen. дальше »

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Compass Mining Launches Bitcoin Miner Protection Plan

The plan is initially available to customers hosted in Texas, South Carolina, Nebraska and Oklahoma. дальше »

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SBF Shifts Blame to Customers in Defense: ‘I Did Not Try to Commit Fraud’

Sam Bankman-Fried (SBF) appeared at the New York Times DealBook Summit, where he discussed the reasons for the demise of FTX. He claims that despite setbacks, he isn't focusing on potential criminal liability and is trying to help make stakeholders whole. дальше »

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Fidelity Shrugs Off Crypto Winter, Opens Bitcoin Trading Service for Retail Investors

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New York Man Pleads Guilty to $2M Crypto Mining Fraud

Chet Stojanovich, 38, went to great lengths to pose as a broker of crypto mining equipment and hosting services – but kept his customers’ money for himself. дальше »

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Sam Bankman-Fried Addresses Withdrawals, FTX Collapse in Newly Released Audio Interview

The FTX founder said he unpaused Bahamian FTX withdrawals to “appease” local customers, and also added his lawyers to the groups of people he said can “go f-ck themselves.” дальше »

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OKX NFT World Cup competition betting odds

Key Takeaways The World Cup is underway, with crypto companies getting in on the act OKX has launched an NFT tournament, with customers able to mint three free NFTs Brazil the favourites, but European nations have won every tournament since 2002 It’s World Cup time. дальше »

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Kraken pays $360k penalty after OFAC’s Iran accusation

The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department announced in a statement on Monday that it has achieved an agreement with the crypto exchange Kraken regarding serving Iranian customers. дальше »

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GK8 increases insurance cap on digital assets to $1B

Institutional customers storing Bitcoin and other digital assets in GK8’s cold vault will receive up to $1 billion in insurance coverage. дальше »

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Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran

Kraken has agreed to pay $362,1159 to settle its potential liability for violating U.S. sanctions against Iran. дальше »

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Major Canadian Crypto Exchange Coinsquare Says Client Data Breached

The exchange claimed the breached personal data wasn't likely seen "by the bad actor” and customers' assets are “secure in cold storage and are not at risk.” дальше »

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Bybit crypto exchange announces $100M stimulus fund to support institutional investors

Bybit crypto exchange wants to inject $100m stimulus fund to support institutional investors, market makers, and new customers. дальше »

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ConsenSys reveals it collects IP addresses of MetaMask users

ConsenSys, a leading Ethereum software developer, has revealed it collects user data from customers of its crypto wallet MetaMask. An update to the company’s privacy policy published on Thursday indicated that ConseSys’ remote procedure call (RPC) feature Infura will collect the IP address and ETH wallet information of MetaMask users whenever they transact. дальше »

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FTX gets approval to pay critical vendors, can redact creditors’ and customers’ list

The Bankruptcy Court for the District of Delaware has granted FTX approval for all its first-day motions, including paying critical vendors up to $8.5 million, a November 23 court filing shows. The post FTX gets approval to pay critical vendors, can redact creditors’ and customers’ list appeared first on CryptoSlate. дальше »

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Coinbase customers raise concerns over new Plaid update

Some Coinbase exchange users have condemned the company for integrating Plaid. дальше »

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UK bank Starling bans crypto-related purchases and deposits citing high risk

Starling has banned its customers from purchasing cryptocurrencies with their bank cards or receiving transfers from crypto merchants. дальше »

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Starling Bank forbids Bitcoin transactions deeming it high risk and not safe

Starling Bank stepped up its efforts to start cracking down on client cryptocurrency trading after the bank froze all customer cryptocurrency transactions, citing the activity’s substantial risk and widespread usage for illegal activities. People woke up to bad news. Customers… дальше »

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South Korea to urge separation of user deposits and exchange assets 

South Korea has issued a proposal to demand Bitcoin and crypto exchange companies to officially separate customers’ crypto assets and deposits, reports from Bitcoin Archive. The announcement was issued on Tuesday, 22nd November. дальше »

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US lawmakers ask Fidelity to drop its Bitcoin 401k plan

United States lawmakers are asking Fidelity Investments, the leading provider of 401(k) accounts in the US, to reconsider its decision to offer Bitcoin as part of its customers’ retirement plans. дальше »

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Bitpanda's Local Unit Obtains German Crypto License

The Austrian crypto exchange can now offer custody and proprietary trading services to customers in the European country. дальше »

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Arthur Hayes warns investors against crypto companies without proof of reserves

Arthur Hayes has cautioned customers against investing in custodians that won’t publish a Proof of Reserves (PoR) Audit. He made the comment on Twitter on November 20, 2022, in light of the FTX contagion that has wrecked several crypto companies.… дальше »

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