The end of an era for Binance, troubles for Kraken: Law Decoded
Binance and CZ’s ongoing legal drama with United States law
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Kraken
Binance CEO exits, Kraken sued, HECO hacked
This week, Binance agreed to a $4.3 billion settlement and saw founder Changpeng Zhao exit as CEO; the U.S. SEC levels charges against Kraken; and HECO Bridge, another venture affiliated with Justin Sun, suffered an $85 million hack. Binance troubles On Nov. 20, the U.S. Department of Justice (DoJ) proposed a $4
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Kraken co-founder hails ‘more fair’ playing field as DOJ fines Binance
Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an X (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders.Over the last 12 months, leaders of major crypto exchanges, such as FTX and Binance, have come under federal scrutiny by United States
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Crypto analyst blasts Kraken lawsuit as SEC’s money grab, criticizes attacks on ADA
In a YouTube published video yesterday, crypto analyst The Luckside Crypto host reacted strongly to news that the SEC has sued crypto exchange Kraken. The analyst expressed disbelief, stating “I can’t believe we are still having these discussions.” He claims the SEC alleges no fraud, manipulation, customer harm or security issues
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Coinbase cites SEC action against Kraken in push for crypto rulemaking
United States-based cryptocurrency exchange Coinbase has renewed its call to compel the Securities and Exchange Commission (SEC) to respond to the company’s petition to create rules on crypto, using the regulator’s recent enforcement action against Kraken to back up its claims.In a Nov. 22 filing in the U.S. Court of
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First Mover Americas: SEC Sues Kraken; Binance Faces $4B Settlement
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 21, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Crypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ Gensler
The crypto space has been making its feelings known about the latest blow from regulators in the United States, a lawsuit filed by the Securities and Exchange Commission (SEC) against crypto exchange Kraken. The lawsuit was filed on Nov. 20 based on the SEC's allegations that Kraken has been operating as an
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SEC Charges Kraken Again for Unregistered Securities Trading and Commingling User Funds
The SEC has brought legal action against Kraken, this time accusing the exchange of mixing user funds, while unlawfully offering securities services. The United States Securities and Exchange Commission (SEC) has announced a lawsuit against San Francisco-based crypto exchange Kraken for allegedly operating an unregistered securities exchange. The SEC’s court complaint is
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Kraken co-founder slams ‘decel’ SEC, warns others should flee US
Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violations. In a Nov. 21 post to X (formerly Twitter), Powell called the regulator “USA’s top decel” — a term used in tech circles to insult someone who
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Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds
"Similarly, Kraken has held at times more than $5 billion worth of its customers’ cash, and it also commingles some of its customers’ cash with some of its own," the suit said. "In fact, Kraken has at times paid operational expenses directly from bank accounts that hold customer cash." Source
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