FTX, Alameda to Pay Creditors $12.7B in CFTC Settlement
The settlement follows the collapse of FTX in November 2022, which caused significant turmoil in the cryptocurrency market. A settlement between the Commodity and Futures Exchange Commission (CFTC), the defunct cryptocurrency exchange FTX and the sibling business Alameda Research has received approval from a judge in the United States. Following the exchange’s collapse in November […]
Gemini, New York AG Office Reach $50M Settlement
In the case involving Gemini and the New York Attorney General’s office over the former’s earn program, both parties have reached a $50 million settlement. Gemini’s Earn program investors will receive over $50 million in compensation from the New York Attorney General’s office. New York Attorney General Letitia James announced in a June 14 notice […]
Judge Approves $2.4M Settlement for Sports Stars Over Promoting Voyager
A Florida judge has approved a legal settlement of $2.4M for Robert Gronkowski, Victor Oladipo, and Landon Cassill in response to promoting Voyager Digital. Judge Roy Altman granted preliminary approval of a class action settlement for NFL star Robert Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill in a filing in the United […]
Abra to Return Money to Texas Regulator as Part of Settlement
Texas State Securities Board (TSSB) and Abra, a cryptocurrency lending company purportedly insolvent since March 2023, have reached a preliminary settlement. The organization shall reimburse funds contributed by residents of the state. The TSSB issued the final confirmation of the settlement on January 22. As per the document, Abra has initiated the process of “winding […]
Genesis Global Pays $8M, Loses BitLicense in NYDFS Settlement
Genesis Global Trading has settled with the NYDFS for violating anti-money laundering and fraud rules, agreeing to pay $8 million and surrender its BitLicense. Genesis Global Trading, a crypto trading firm, and Digital Currency Group (DCG) subsidiary, has reached a settlement agreement with the New York Department of Financial Services (NYDFS) over significant compliance violations. […]