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The defendants allegedly used their connections on the inside to ensure that their withdrawals were prioritized over those of other customers. Bankrupt crypto exchange FTX has sued former employees of its Hong Kong-based affiliate Salameda in hopes of recovering $157.3 million. According to a Thursday filing, Salameda was being controlled by
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The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million. Source
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Licensees would need to assess legal, reputational and market risks of any new coins, and they'd also have to set out how they would reverse the process by de-listing a token, according to the consultation, proposed by NYDFS Superintendent Adrienne Harris. Source
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MiCA, which takes effect in 2024, represents the world’s first comprehensive crypto regulation in a major jurisdiction, allowing service providers to operate across the bloc with a single license. As an EU member, Malta wants to align its crypto rules with MiCA and "ensure a smooth transition for Virtual Financial
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The launch comes as staking landscape is dominated by centralized staking providers, which together hold more than 70% of the staked ether (ETH) supply. Source
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Mashinsky, alongside his former Chief Technology Officer Hanoch “Nuke” Goldstein, argued the FTC would need to make more rules before taking on novel cases such as marketing fraud. In a separate filing, Goldstein said he was being unjustly held guilty by association with other Celsius executives, with the FTC depending
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Bankrupt crypto exchange FTX is probing if it can reclaim the millions of dollars paid to celebrity athletes and sports teams that promoted the exchange before it filed for bankruptcy last November.In an over 180 page Aug. 31 court filing, FTX’s financial advisors laid out a detailed list of high-profile
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Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX's shutdown in November 2022, according to court documents filed on September 9.The case traces back to transactions made from January to May
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Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission's (SEC) actions in the cryptocurrency industry, on Friday, Sep. 8, introduced a significant amendment that once more drew attention to the SEC's actions.In his statement, Tom Emmer criticizes Gary
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The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands by proposing to change the tax code regarding digital assets. The request was submitted by the FSA on Aug. 31. The most notable suggestion in the 16-page document is a
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