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Barr, a former Treasury Department official who briefly became an adviser for Ripple before returning to a government role in the Biden administration, didn’t mention Silvergate Bank in the statement, though that smaller institution was also supervised by the Fed. Source
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Around $900 million is estimated to be frozen on the platform as a result. Gemini itself blamed the halt on a similar freeze at the now bankrupt crypto lender Genesis, a unit of the blockchain conglomerate Digital Currency Group (which also owns CryptoX), on which the exchange had invested its
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A local report states that the investigation will be conducted by a unit dedicated to “special tax investigations.”South Korean tax authorities are investigating local crypto exchange operator Bithumb Holdings. This is according to a Tuesday report by Yonhap News which states that the National Tax Service is reportedly investigating possible
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The U.S. regulator is looking at whether financiers did their homework on a crypto exchange since accused of sloppy governance. Source
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A 3Commas victim group, which has around 60 members, previously reached out to the U.S. Secret Service and other law enforcement agencies in an attempt to understand how their funds had gone missing. The group’s leader, Edmundo (Mundy) Pena, told CryptoX that he has tallied the group’s losses at over
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While many crypto fraudsters were able to slip through the cracks in the past, the same does not hold for FTX CEO Sam Bankman-Fried (SBF). Running parallel to the ongoing scrutiny related to FTX frauds, the United States Department of Justice (DOJ) is reportedly investigating a potential fraud that involves
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One proposed contract is between Kentucky Power and Ebon International, LLC, and would give discounted electricity rates to the Ebon Facility, a 250 MW cryptocurrency mining operation in Louisa, Kentucky. The second investigation is into Bitiki-KY, a 13 MW cryptocurrency mining facility in Waverly, KY. Bitki-KY already has a $250,000
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The report said that Alabama Securities Commission Director Joseph Borg indicated that his agency and several other states are involved in the investigations, which focus on whether Genesis and other companies persuaded residents of their states to invest in crypto securities without having the proper registrations. Borg did not name
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Turkey's Financial Crimes Investigation Agency said it is looking into people, institutions, banks and crypto service providers with ties to FTX.com after its swift collapse last week. Original Source
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Although Celsius never registered with Canada’s provincial securities regulators, Canadian authorities are working with the U.S. Securities and Exchange Commission to investigate the trans-border issue, the Financial Post reported Tuesday. Regulators have launched across jurisdictions in the U.S. and Canada to look into the insolvent lender’s post-crash actions. Source
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