SEC Chairman Investigated Over Ethical Violations
The United States SEC Ethics Committee is investigating Chair Gary Gensler and FTX Founder Sam Bankman-Fried’s relationship. Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, is being investigated by the agency’s ethics committee for his alleged connections to Sam Bankman-Fried (SBF), the founder of the defunct cryptocurrency trading platform FTX Derivatives Exchange. […]
Coinbase Wins Consumer Lawsuit Ruling
Friday, the cryptocurrency exchange Coinbase prevailed in its bid to transfer customer disputes into private arbitration. Coinbase, the largest cryptocurrency exchange in the United States, prevailed in its bid to transfer customer disputes into private arbitration on Friday. In March 2023, the United States Supreme Court heard arguments from former exchange consumers regarding lost funds. […]
FTX Sues Ex-Clinton Aide’s Firm for $700M
FTX has filed a lawsuit against K5 Global, an investment firm co-owned by Michael Kives, a former aide to Hilary Clinton. The lawsuit accuses Kives and his associates of fraudulently receiving $700 million from FTX through shell companies and fake transactions. The lawsuit, filed on June 22 in the Delaware Bankruptcy Court, accuses Kives and […]
Binance Blocks Sanctioned Users with Advanced Tech
The crypto exchange claims it has invested millions in a compliance program and uses IP blocking, VPN detection, and other tools to prevent access from blocked jurisdictions. Binance, one of the largest crypto exchanges in the world, has published a post by its Global Head of Sanctions, Chagri Poyraz, detailing how it prevents users from […]
SEC Waives $30.2M Fine from BlockFi to Prioritize Investors
The agency agreed to defer its claim against the crypto lender BlockFi to ensure investors are repaid in full without delay. According to a court filing dated June 22, the U.S. Securities and Exchange Commission (SEC) has decided to delay collecting a $30.2 million fine from defunct crypto lender BlockFi. The move comes as part […]