Crypto-Focused Bank Silvergate Plans to Wind Down Following Blow From FTX March 9, 2023 By Hannah Lang Crypto-focused bank Silvergate Capital Corp. said on Wednesday it planned to wind down operations and voluntarily liquidate after it was...
FTX’s Crash Exposes Insurance Black Hole That Risks Impeding Crypto Sector Recovery March 7, 2023 By Sidhartha Shukla A long road lies ahead to repair confidence in crypto after unprecedented bankruptcies and hacks, including the major challenge of...
G20 Watchdog to Tackle ‘Vulnerabilities’ in Decentralized Finance After FTX Collapse February 16, 2023 By Huw Jones The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in...
Britain’s Finance Ministry Issues Draft Rules to Regulate Cryptoassets February 2, 2023 By Huw Jones and Elizabeth Howcroft Britain’s finance ministry laid out its first set of rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the...
FTX Reports $415M in Hacked Crypto, Bankman-Fried Says FTX U.S. Is Solvent January 18, 2023 By Dietrich Knauth Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been...
Bankman-Fried Fraud Charges Sidestep Debate Over How U.S. Law Sees Crypto January 9, 2023 By Luc Cohen Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as...
Sam Bankman-Fried Pleads Not Guilty in FTX Fraud Case; October Trial Set January 4, 2023 By Jack Queen and Luc Cohen Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange...
FTX Customers File Class Action to Lay Claim to Dwindling Assets December 28, 2022 By Tom Hals and Dietrich Knauth FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried...
The SEC’s Crypto Crackdown Is Just Getting Started After FTX Blowup December 28, 2022 By Allyson Versprille The US Securities and Exchange Commission is just getting started with its crackdown on crypto firms that refuse to abide...
Binance’s Books Are Black Box, Filings Show, as Crypto Giant Tries to Rally Confidence: Reuters December 19, 2022 By Tom Wilson, Angus Berwick and Elizabeth Howcroft The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a...