The remains of the defunct crypto exchange FTX will be initiating yet another massive distribution of funds this month. The bankruptcy estate will start the distribution of approximately $900 million to eligible global creditors from July 31, 2026. This very important step comes at the end of a highly organized
On July 17, 2026, the digital asset management firm Grayscale filed a full prospectus supplement. The firm is making changes in the operation of its key financial product. An amended version of the trust agreement for Grayscale Solana Staking ETF (GSOL) has been created. This major change introduces a compulsory
Tether has frozen four wallets on the TRON network holding a combined $131 million in USDT. The funds have been linked to two of the most heavily sanctioned entities, Iran’s Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of Iran. Moreover, both are sitting on the U.S. Treasury’s OFAC
Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust, a national trust bank focused on digital assets. The approval moves Sony Financial Group closer to launching a U.S. dollar-backed stablecoin through its planned American subsidiary. Sony Bank announced that
President Donald Trump addressed the issue of his family’s cryptocurrency earnings in an interview on July 2nd, held in the Oval Office. This happened after the release of the financial statements for the year 2025, revealing over $1.2 billion of earnings from the cryptocurrencies associated with family business operations. While
The United States Securities and Exchange Commission managed to secure a major victory in court against NanoBit. The SEC secured the judgment after investigating a long-term cryptocurrency fraud. The judgment follows a long-running case concerning fraudulent cryptocurrency trading schemes operated by NanoBit. The judgment by the United States District Court
CME, which is the largest derivatives exchange worldwide, is ready to sue the U.S. Commodities Futures Trading Commission following the regulator’s decision to approve Bitcoin perpetual futures trading on the prediction market platform Kalshi. According to the firm, the contract should not be categorized as a futures contract but as
According to reports, the U.S. government has sent an additional $350,000 in cryptocurrency. This had been initially stolen from Alameda Research and other FTX-related accounts on the Binance platform, close to three years after the collapse of the cryptocurrency kingdom. This money will definitely help in paying off creditors due
US authorities unsealed the indictment against Jonathan Spalletta, accusing him of carrying out two hacking operations targeting Uranium Finance during April 2021. According to authorities, the defendant exploited weaknesses in smart contracts to steal millions, leading to the shutdown of the decentralized exchange’s operations. US Attorney Jay Clayton said, “Stealing
The United States Department of the Treasury is looking at artificial intelligence technology to help prevent cryptocurrency fraud in digital markets. The officials pointed to increasing financial losses due to cryptocurrency scams. The victims of cryptocurrency fraud reported financial losses of over nine billion dollars in cryptocurrency fraud in the
