Withdrawals flood out of Binance, CZ warns of “bumpy” road ahead
Key Takeaways Binance has seen $3 billion of funds leave the platform in the last week USDC withdrawals were halted but are now back up...
Judge approves the sale of GK8 to Galaxy Digital
Galaxy Digital is set to finalise its acquisition of crypto self-custody platform GK8. Mike Novogratz’s company won the auction for GK8 earlier this week. GK8’s...
FTX committed ‘old fashioned embezzlement, says new CEO John J Ray III
FTX’s CEO testified before House Financial Services Committee on Tuesday. John J Rau III faulted FTX’s operations, resulting in the exchange’s collapse. SBF has been...
Crypto blame game back on US politicians’ menu following SBF arrest
The arrest of former FTX CEO Sam Bankman-Fried by the Bahamian authorities served as a cue for anti-crypto proponents to reignite discussions around the dangers of cryptocurrencies. While...
Tether pledges to stop issuing secured loans from its reserves
Tether on Tuesday addressed the FUD around secured loans. The secured loans held in Tether’s reserves are overcollateralized and covered by extremely liquid assets. It...
White House silent on whether it will return $5.2M in donations from SBF
White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million...
Australian ‘token mapping’ consultation paper to release in early 2023: Treasurer
Australian Treasurer Jim Chalmers has revealed that the government will release a consultation paper in early 2023 as part of its token mapping initiative. The...
‘You can commit fraud in shorts and T-shirts in the sun,’ says SDNY attorney on SBF indictment
Damian Williams, United States Attorney for the Southern District of New York, said the investigation leading to charges against former FTX CEO Sam Bankman-Fried had...
Indictment against SBF unsealed, contains 8 counts of financial and elections fraud
The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams,...
FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and ‘conscientious stupidity’
Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing...