MCB Leaves Cryptocurrency After Turbulent Year
The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank (MCB), says it’s completely exiting its crypto-asset-related vertical. The cryptocurrency industry had a turbulent year last year as well. No sector escaped unscathed, from a protracted market downturn to exploits in decentralized finance (DeFi) to the FTX scandal. For some, the activities in […]
Exploited Nomad Bridge Wallet Transfers $1.5M To Tornado Cash
A wallet address associated with Nomad Bridge, recently transferred $1.57 million in ETH to the banned crypto mixer Tornado Cash. $1.57 million in Ether (ETH) has been transferred from an address linked to the $190 million Nomad exploit to the authorized cryptocurrency mixer Tornado Cash. A wallet address linked to the Nomad hack has transferred […]
U.S. DOJ to seize Robinhood shares tied to Bankman-Fried
The Justice Department seized Robinhood shares and more than $20 million in U.S. currency as part of the criminal case against SBF. In connection with the criminal investigations into the leaders of the cryptocurrency exchange FTX, the US Department of Justice has formally notified the court overseeing BlockFi’s bankruptcy that it has seized assets. The […]
Jack Ma Gives Up Control Of Fintech Giant Ant Group
Chinese billionaire Jack Ma is no longer the leading shareholder in his fintech company Ant Group. Jack Ma controlled nearly 54% shares. The Chinese financial behemoth Ant Group will no longer be under the leadership of Alibaba co-founder and CEO Jack Ma. According to Reuters, the shareholders of the fintech firm approved a set of […]
Mt. Gox Creditors Receive New Repayment Schedule
The first reimbursement from Mt. Gox has been delayed by two months, repayments will begin on March 10th. The first installment of repayments from Mt. Gox’s due date has been delayed by two months, from July 31 to September 30, according to a notice from the creditors. Additionally, the payment start date has been delayed […]