Creator of Mutant Ape Planet Arrested for Scam.
Allegations are that Michel stole over $3 million from investors in a rug pull scam.This collection has 6,797 NFTs that have been uploaded to the Ethereum blockchain.Mutant Ape Planet, the…
Genesis a Crypto Lending Firm to Sack Staffs and File for Bankruptcy.
Embattled crypto lending firm Genesis is reportedly considering filing for bankruptcy. According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a…
Lawsuit Filed Against Celsius Ex CEO in New York.
The lawsuit accuses Mashinsky of planning to swindle hundreds of investors. According to Ms. James’ office, over $440 million was put by over 26,000 New Yorkers.The founder of the cryptocurrency-focused…
Bank of France Governor Demands Compulsory Licensing for Crypto Firms.
François Villeroy demanded stricter licensing standards for crypto firms operating in France.France’s central bank head also highlighted the present turmoil in the cryptocurrency market.François Villeroy de Galhau, the Governor of…
Binance’s BUSD Mass Burn on Paxos.
Binance USD is now $1.00, down 0.05% in the last 24 hours.BUSD is based on the Ethereum blockchain and supports the BEP-2 standard of the Binance Chain.The world’s largest cryptocurrency…
Coinbase Agrees to Settle NYSD Financial Services $100 Million
The exchange was found to be in breach of anti-money laundering laws.Coinbase must also spend $50 million on a compliance programme.An agreement has been reached between the New York State…
UK’s National Crime Agency Announces New Cryptocurrency Crime Unit.
The inaugural squad would consist of five officers working out of the NCCU.If hired, applicants may anticipate receiving a salary of $48,200 to $52,400 per year.The National Cyber Crime Unit…
Y-Combinator caution portfolio companies that 2023 may prove difficult for Businesses.
Y-Combinator (YC) expects even more economic turmoil in 2023. It advises project leaders to revert to “survival” mode as fundraising could be challenging in the next few months. In a…
US Federal Government to Seize $465 Million Worth of Robinhood Shares
The US Federal government might have already confiscated $468 million worth of HOOD tied to Bankman-Fried.The American authorities have reportedly seized or will soon confiscate 56 million shares of Robinhood…
Coinbase sanctioned and to pay $100 Million over Incomplete KYC compliance.
According to the New York Times, Coinbase will have to pay $50 million to New York regulators for letting users open accounts with minimal background confirmation. The organization will also…