FTX Issues Warning Against Unauthorized Bid Solicitation
FTX, in the process of fulfilling obligations to creditors, issues a cautionary warning to the public on unauthorized bid solicitation. In its initial monthly communication to its community, FTX utilized X to apprise its creditors that the court-authorized investment manager, Galaxy Asset Management, is solely responsible for overseeing the sale of Digital Assets by the […]
Binance Hit with $10B Fine Amid Nigeria’s Crypto Crackdown
Nigeria sues Binance for $10 billion in crypto crackdown, alleging illegitimate transactions amid currency manipulation allegations. Binance, a prominent cryptocurrency exchange platform on a global scale, has been subject to severe regulatory scrutiny in Nigeria. Indicating its alleged complicity in unlawful operations within the Nigerian crypto sector and connections to the devaluation of the national currency, the Nigerian […]
Hong Kong Receives 24 Crypto Exchange Permit Applications
Hong Kong experiences an influx of crypto exchange applications ahead of the May deadline, an indication of regulatory aspirations despite notable absences. Ahead of the impending May deadline, 24 companies vie for licenses to operate digital-asset exchanges in Hong Kong, where the crypto landscape is abuzz. In an endeavor to position itself as a regulated hub for […]
US Government Moves $922 Million in Seized Bitcoin from Bitfinex Hack
The US Department of Justice has transferred about 15,000 bitcoins from wallets linked to the 2016 hack of Bitfinex, raising fears of a possible selloff and price dump. The US Department of Justice (DOJ) has transferred approximately 15,000 bitcoins (worth $922 million) from confiscated wallets linked to the 2016 hack of Bitfinex. This crypto exchange […]
Ex-FTX CEO Asks for Light Sentence for Crypto Crimes
Sam Bankman-Fried, the former CEO of FTX, is facing up to 100 years in prison for his role in the collapse of the crypto exchange. His lawyers are asking for a lenient sentence, citing his remorse and neurodiversity. Sam Bankman-Fried, the former CEO of FTX, a crypto exchange that went bankrupt in late 2022, is […]