Zipmex Activates Recovery Plan, Restructuring Firm Helps
Zipmex has hired KordaMentha as its financial adviser to oversee a plan to get back on its feet. After having to stop withdrawals and file for protection from creditors in July, Singapore-based cryptocurrency exchange Zipmex hired a restructuring firm to help with a plan to get back on its feet. The exchange said on its […]
The UK law Society Warns Its Members Against Bitcoin Transactions
The professional group told its members, “This is a cash transaction , so there is a high risk of money laundering in Bitcoin Transactions.” The Law Society of England and Wales told its members that Bitcoin Transactions should be treated like cash and that they should be aware of the possibility of money laundering when […]
Coinbase User Sues over lockouts, Crypto as a Security
By failing to complete the necessary registration as a securities exchange, user accuses Coinbase of flouting federal and state regulations. On behalf of account and wallet users “who have had their accounts compromised and experienced damages deriving from the illicit transfer of funds,” one user has launched a class-action lawsuit against cryptocurrency exchange Coinbase. George […]
Crypto Lender Voyager To Pay Employees ‘Retention’ Bonuses
Judge Michael Wiles also agreed that the names and jobs of the employees who might get the bonuses would be kept secret and paid by Crypto Lender Voyager. A federal judge said that crypto lender Voyager Digital, filing for bankruptcy, can pay $1.6 million to more than 30 employees as a “retention” award. Judge Michael […]
Tether Backs Tornado Cash Addresses
The company that made the stablecoin thinks that freezing secondary Tornado Cash addresses is too soon and is waiting for more information from U.S. authorities. Tether, which makes stablecoins, has said again that it will not block Tornado Cash addresses. It also said that U.S. authorities or law enforcement have not yet asked it to […]