Binance reportedly wishes to pay fines to settle US investigations
Binance cryptocurrency exchange expects it will be able to finally settle the ongoing issues of regulatory investigations of the cryptocurrency industry in the U.S. by paying fines. Chief Strategy Officer Patrick Hillmann claims that the majority of the software engineers who contributed to the growth of the exchange were not aware of the laws and […]
Canadian crypto exchange Coinsquare suffers data breach
On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform. Coinsquare experienced a data breach that exposed user information just one month after becoming the first Canadian cryptocurrency trading platform to be registered with the Investment Industry Regulatory Organization of Canada (IIROC). On November 19, Coinsquare had […]
California financial regulators to investigate FTX exchange
Definitely, not a good time for FTX crypto exchange as the California Department of Financial Protection and Innovation (DFPI) joins other financial regulators to launch an investigation into the “apparent failure” of the exchange. According to California regulators, the DFPI takes this supervisory duty “extremely seriously” and requires all organizations providing financial services in the […]
Judge orders investigative probe on Celsius
The Federal judge handling the bankruptcy case for Celsius has ordered a probe to investigate whether the firm operated like a Ponzi scheme. In response to claims made by customers that Celsius had violated the legal definition of a Ponzi scheme by using assets of new users to pay yields and allow withdrawals to existing […]
Key witness at Terra parliamentary inquiry did not show up
Kim Seo-joon, CEO of venture capital firm Hashed, one of the key witnesses who was absent at the Terra’s parliamentary investigation explained it was due to “severe stress” caused by the Terra catastrophe. According to a Korea Economic Daily article published on October 24, Seo-joon was one of six individuals chosen to participate in the […]