Crypto Fraud Scheme Organizers Face Legal Action by CFTC in Florida, Louisiana, and Arkansas

The Commodity Futures Trading Commission (CFTC) has taken legal action against four individuals and their organization, Fundsz, for their involve...

1 year ago

Organized Blockchain Fraud Surges

UK Set To Expand Its National Crypto Crime Unit As Organized Blockchain Fraud Surges

The United Kingdom’s National Crime Agency (NCA) is set to increase its cryptocurrency fraud investigation unit as part of wider plans to halt the increase in financial crimes. T...

1 year ago

From September 2, Revolut will suspend its cryptocurrency services in the U.S., with complete access disabled from October 3.

Revolut to Shutter US Crypto Operations Due to 'Regulatory Environment'

Revolut, the UK-based fintech firm, has announced the suspension of its cryptocurrency services in the United States. This decision, influenced by the evolving regulatory landscape and...

1 year ago

Mediation Period

Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain

Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain.  Sp...

1 year ago

A husband and wife cyber-crime team have pleaded guilty to trying to launder $4.5bn (£3.5bn) of Bitcoin that he had stolen in a hack in 2016.

Razzlekhan and husband guilty of $4.5bn Bitcoin launder

Heather Morgan and Ilya Lichtenstein were arrested last year in New York after police traced their riches back to the crypto heist. While evading police, Morgan masqueraded as a rapper...

1 year ago

A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities.

Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients

BlockFi’s reorganization continues to inch forward as the firm announced that its disclosure statement was conditionally approved by the U.S. bankruptcy court in New Jersey. &ldq...

1 year ago

FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy.

FTX creditors unimpressed with exchange’s bankruptcy exit plan

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.

1 year ago

Terraform Labs argued that there was no contract in the sale of UST to retail investors.

Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs' Motion to Dismiss SEC Lawsuit

A federal judge denied Terraform Labs' motion to dismiss an SEC lawsuit. A federal judge denied stablecoin issuer Terraform Labs' motion to dismiss a lawsuit from the U.S. Secu...

1 year ago

Proposed re-organization plan provides a pathway for a specific class of debtors to pool assets to create a new, offshore exchange.

FTX Plans to Restart Crypto Exchange for International Customers

The bankruptcy administrators have filed a proposed plan that would see a possible restart of FTX.com. The re-booted exchange would only be available t...

1 year ago

Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges.

Australia’s Bendigo Bank blocks high-risk payments to crypto exchanges

Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to protect customers from investmen...

1 year ago