Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges
Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for $33 million in a digital asset trading scheme. Source
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Institutional crypto broker FPG halts withdrawals after $20M cyberattack
Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.According to a June 15 tweet from
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Crypto Prime Broker FPG Loses Up to $20 Million in Cyber Attack
Floating Point Group (FPG), an institutional trading desk specializing in cryptocurrencies, suffered a cyber attack on Sunday, June 11, which resulted in a loss of between $15 million and $20 million in crypto, a spokesman for the firm told CryptoX. Source
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US SEC Indicts Coinbase over Unregistered Exchange and Broker Platform
The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules. American publicly listed crypto trading platform Coinbase Global Inc (NASDAQ: COIN) has come under the radar of the United States Securities and Exchange Commission (SEC) once again. This
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DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers
The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer. Source
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Ryuk Ransomware Gang’s Crypto Broker Gets Light Sentence After a Guilty Plea
If convicted, Dubnikov would have spent up to 20 years in prison. But this February, he plead guilty to “conspiracy to commit money laundering,” and on April, 11, Dubnikov was sentenced for imprisonment of the time served, meaning, he will be released on parole. Dubnikov was also ordered to forfeit
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SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency – Bitcoin News
After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for “operating an unregistered exchange, broker, and clearing agency.” Following the Wells Notice, SEC Charges Bittrex for
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Crypto Broker Voyager Digital Sells $121M of Cryptocurrencies, May Foreshadow Selling Pressure for ETH, SHIB, LINK
Arkham data shows that Voyager’s largest non-stablecoin crypto holdings are 166,223 of ETH worth $271 million, 6.2 trillion of SHIB tokens worth $77 million, and 148.4 million of its own VGX token, valued at some $63 million. Further notable holdings include some $13 million of LINK, $5.5 million of Fantom’s
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Crypto Markets Today: Crypto Broker Genesis Asks for Clients’ Patience
ALSO: Bitcoin rose and most other, major cryptocurrencies spent much of Wednesday in the green. Source
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Robinhood shares claimed by BlockFi and FTX may move to a neutral broker
The highly disputed Robinhood shares claimed by both BlockFi and FTX might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner.Digital asset lender BlockFi recently sued former FTX CEO Sam Bankman-Fried to claim the shares that were supposedly pledged as collateral for
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