The U.S. Department of Justice (DOJ) is weighing whether to charge Binance with fraud. But prosecutors are worried that doing so could cause a run on the world’s largest crypto exchange, leading to losses for users, Semafor reported. Prosecutors fear
FTX founder Sam Bankman-Fried has been accused of intimidating witnesses ahead of his upcoming fraud trial in a new twist to the unfolding legal drama. Consequently, prosecutors now argue that he must face jail time. They present this pressing argument
After months of contentious bankruptcy proceedings, embattled cryptocurrency firms FTX and Genesis Global Capital are on the verge of a settlement. Recent court filings indicate that the two parties, embroiled in a dispute worth billions of dollars, have achieved a
OpenAI CEO Sam Altman announced the official launch of his biometrics project, Worldcoin. The project also includes an eponymous cryptocurrency called Worldcoin Token (WLD), which was immediately listed on leading exchanges Binance and Huobi on July 24. Worldcoin promises people
Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation. Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.
Sam Bankman-Fried and the story surrounding the collapse of FTX, a bankrupt cryptocurrency exchange he founded, is set to be released as an animated, interactive social comedy by the innovative Web3 studio Toonstar FORTUN3. Sam Bankman-Fried is in the headlines
The Australian subsidiary of Sam Bankman-Fried’s cryptocurrency exchange, FTX, is facing significant challenges as the country’s regulator, the Australian Securities and Investments Commission (ASIC), has canceled its local financial services license. This move comes after revelations of substantial financial misconduct,
Alex Mashinsky, the founder and former CEO of Celsius Network, is in police custody following his arrest on Thursday. Mahinsky faces multiple fraud charges, joining a growing list of former crypto CEOs in trouble with the law – including Sam
In a bold testament to the unpredictable dynamics of cryptocurrency markets and its related stocks, the value of Coinbase Global Inc. has more than doubled this year despite intense regulatory scrutiny. The cryptocurrency exchange’s resilient performance seems to have caught
In a sudden twist to a complex regulatory saga, major cryptocurrency exchange FTX has filed a lawsuit against its former regulatory and compliance executive Daniel Friedberg. FTX accuses Friedberg of an illicit series of payments designed to silence whistleblowers from
The price of bitcoin rose sharply on Wednesday and breached the psychological $30,000 mark for the first time since April, as institutional investors led by BlackRock showed renewed interest in the top cryptocurrency. Bitcoin climbed 10% to peak at over
As bitcoin (BTC) surged to new highs last week, a new survey from Pew Research Center shows that a large number of Americans are still skeptical about the safety and reliability of cryptocurrency. Bitcoin reached $30,397 on Apr. 11 –
ABOUT US
and then