FTX Sues Ex-Alameda Employees Over $157M Recovery.
FTX recovered over $5 billion in assets but owes $8.7 billion to customers.Former FTX CEO Sam Bankman-Fried remains incarcerated ahead of an October trial.In a dramatic turn of events, the…
Kraken User Falls Victim to $4.5M USDT Loss in Phishing Scam
Phishing scams may come with a 24/7 “customer service: chat that give unsuspecting users deceiving explanations.In yet another successful phishing scheme, an unsuspecting user suffered a multimillion-dollar loss in Tether.…
Australian Regulator Initiates Civil Proceedings Against This Crypto Company.
ASIC takes legal action against Bit Trade Pty Ltd for breaching design and distribution obligations (DDO) in margin trading, causing customer losses.The Australian Securities and Investments Commission (ASIC) has initiated…
Galaxy Digital Expands Into Europe Amid Ongoing Crackdown in the U.S
Galaxy Digital has hired Leon Marshall as CEO to oversee its operations in Europe.For the foreseeable future, Marshall will lead all international sales for Galaxy Digital.Due to the ongoing scrutiny…
Binance CEO CZ Sets the Record Straight on $250M Loan Claims.
The US court had recently denied an inspection plea by the SEC.Binance CEO Changpeng ‘CZ’ Zhao has refuted a recent report alleging that he received a $250 million loan from…
Ethereum (ETH) Price Tumbles as Bearish Sentiment Looms
Many Ethereum addresses linked to the platform’s ICO have begun to exhibit movement.The ETH price seems to have lost momentum after facing resistance at $1666 level.To improve the openness and…
Fed’s Interest Rate Update Might Trigger Bitcoin (BTC) Rally.
The Federal Reserve has firmly decided to keep the funds rate within its current range of 5.25%-5.5%. This decision places the interest rate at its highest level since the early…
Stanford University to Return $5.5M Donations Made by FTX.
FTX Trading sued SBF’s parents in an effort to recover financial damages.The court earlier revoked SBF’s bail on charges of witness tampering, and he is now in prison.According to a…
PayPal’s PYUSD Stablecoin Launches On Venmo
PYUSD is now available to select Venmo users, with a full rollout coming over the next few weeks.After announcing its new payment stablecoin last month, PayPal revealed on Wednesday that…
Standard Chartered’s Crypto-Division Zodia Custody To Offer Staking Service
The service was developed in response to the growing interest among financial institutions. The cryptocurrency custodian has collaborated with OpenEden.Standard Chartered’s crypto-arm, Zodia Custody, intends to provide payouts on cryptocurrency…