Why Did FTX Pause Withdrawals if It Wasn't Trading Customer Funds?
As the crisis at Sam Bankman-Fried's formerly trusted exchange continues, everything hinges on one key question: Where's the money? Source
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After Celsius Customer Data Release, Bankruptcy Judge Agrees to Appoint Privacy Ombudsman
“Sealing information such as that sought by the Debtors [Celsius] from public disclosure risks transforming the open and transparent bankruptcy process into something very different, which the Court is loath to do without a strong showing of real and not speculative risks,” Judge Glenn wrote in a September court filing. Original
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Collapsed Australian Crypto Exchange ACX Allegedly Used Customer Funds to Run Business
Blockchain Capital – which operated the ACX crypto exchange that collapsed last year – used customer deposits to fund another part of its business instead of keeping the money in reserve, according to a Sydney Morning Herald report on a court hearing that involved looking into the findings of the
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Customer support staff swamped during market swings — exchange execs
Binance Australia's CEO says it is imperative that customer support
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Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History – Bitcoin News
The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’s customers. While the file does not disclose personal information tied to the user’s finance providers or the
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Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
A Mashinsky spokesperson, cited by the paper, said that the entrepreneur had disclosed to an unsecured creditors committee (UCC) in the bankruptcy proceedings that he and his family had $44 million in crypto frozen with Celsius following the withdrawal. The spokesperson said that Mashinsky "'withdrew a percentage of cryptocurrency in
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Crypto.com Accidentally Sent $7 Million to Customer — Sues 7 Months Later to Get It Back – Featured Bitcoin News
Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds. Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million The Australian Supreme Court of Victoria released a
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Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief
Another hearing for the ongoing bankruptcy case is scheduled for Sept. 14, 2022, though the judge also suggested a separate session to hash out the differences may be beneficial. There is also a hearing scheduled for Oct. 6, 2022, to discuss the custody account holders. Both Celsius and the custody
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Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee
On Thursday, cryptocurrency exchange Hotbit said it "suspended trading, deposit, withdrawal and funding functions," with no timeframe for resumption. In explaining the decision, Hotbit stated:"A former Hotbit management employee who left in April this year was, unbeknownst to Hotbit, involved in a project in 2021 that law enforcement authorities now
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Babel Finance Lost $280M Trading Customer Funds: Report
The firm lost around 8,000 bitcoin (BTC) and 56,000 ether (ETH) in June in forced liquidations as the crypto market plunged to an 18-month low, sending bitcoin below $20,000, the deck shows, according to The Block. The trades were unhedged in what was described as a "volatile trading week." Source
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