Voyager Digital, a bankrupt crypto brokerage company, has obtained preliminary court permission for a proposed $1 billion sale of its assets to the U.S. wing of the Binance exchange. According to a report from Reuters, Michael Wiles, Judge of the United States Bankruptcy Court for the Southern District of New York,
The brother of a former Coinbase employee was found guilty of his part in an insider trading conspiracy involving cryptocurrencies. To one count of conspiracy to commit wire fraud, Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pled guilty in September. Wahi was handed a 10-month jail term
Cameron Winklevoss, the co-founder of Gemini, has sent a letter to the Digital Currency Group (DCG) in which he accuses crypto lender Genesis of defrauding Gemini and its 340,000 customers. Three pages of accusations against the lender and its parent firm were shared on Twitter today. In the statement, Winklevoss
The price of Shiba Inu, the second most popular meme in the world, has been on the rise since the outset of 2023. The Shiba Inu Ecosystem’s most recent improvements have had a significant part in this pricing increase. However, the most recent update from the biggest cryptocurrency exchange, Binance,
Amid the continued bear market and FTX outbreak, Coinbase CEO Brian Armstrong intends to lay off another 20% of the company’s personnel in an effort to reduce operational expenditures. Coinbase had reduced its personnel by 18% in June of last year, and the new move will result in the loss
Sam Bankman Fried’s (SBF) former roommate and confidant is reportedly looking to secure a plea deal. Nishad Singh, the former engineering chief at FTX, reportedly met with federal prosecutors to join Bankman Fried’s inner circle and negotiate a cooperation agreement in the fraud case involving the collapse of the cryptocurrency
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the United States District Court of Southern District of New York on Monday against the “Mango Markets exploiter” Avraham Eisenberg for indulging in illicit market manipulation. This is the first time CFTC will charge an illegitimate trader with
The lawsuit between blockchain firm Ripple and the Securities and Exchange Commission (SEC) has no specific date. And the parties are receiving increased attention from interested parties. And, in particular, defense counsel James Filan has revealed that the Ripple defendants have filed their answer in opposition to the SEC’s Motion
Despite the recovery in the cryptocurrency markets following the demise of the FTX exchange, the situation with Binance withdrawals has not yet normalized. According to a recent report from Forbes, Binance has lost $12 billion in assets as a result of users continuing to withdraw money from the exchange. Binance,
Huobi Global, Justin Sun’s cryptocurrency exchange, has been said to be having financial difficulties and is facing a number of obstacles. As a momentous turn of events, Huobi’s branch in South Korea, Huobi Korea, reportedly opted to split out from the parent company. Furthermore, Huobi Korea reportedly wants to go
