Former FTX CEO may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits by entering a guilty plea.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Bank of India report calls for regulatory coordination on crypto market challenges
The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation.
Robinhood shares claimed by BlockFi and FTX may move to a neutral broker
Bankruptcy judge Michael Kaplan said that on Jan. 9, he will review if the shares should be transferred to a neutral broker.
Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka
Fiji elects a pro-Bitcoin prime minister, signaling a positive future for Bitcoin adoption in the pacific island nation.
Alameda wallets funnel over $1.7M via crypto mixers overnight
Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths.
California regulator warns of 17 crypto websites suspected of fraud
The last time the DFPI sent out such a large batch of crypto scam alerts was in June when it sounded the alarm over 26 dubious crypto platforms.
Scammers impersonate US State Department, claiming to help affected FTX users
The Oregon Division of Financial Regulation urged investors to do due diligence before putting their funds on any crypto platform.
Crypto investors sue Winklevoss twins over interest accounts on Gemini
Plaintiffs have alleged that the products have not been registered, which prevented them from receiving disclosures to better assess the risks of using Gemini Earn.
FTX customers file class-action lawsuit to get priority reparations
Customer class members don’t want to stand in line along the creditors of a failed crypto platform.
Alameda wallets become active days after SBF bail, community mulls foul play
The recent movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised many eyebrows about the timing.
China’s CBDC wallet resorts to ages-old tradition to boost adoption
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.
Executives from $1.5B South Korean crypto exchange fraud jailed
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term.
Maybe it WAS illegal: Mango Markets exploiter arrested on fraud charges
The Mango Markets exploiter previously called his attack on the crypto exchange “legal open market actions.”
U.S. Department of Justice probing $372M FTX exploit - Report
The current whereabouts of the funds remain unknown.
North Korean hackers are pretending to be crypto VCs in new phishing scheme: Kaspersky
State-sponsored Lazarus Group and associated hackers have had a busy year, and 2023 may see even more activity, the cybersecurity lab warned.
Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse
The Philippine Securities and Exchanges Commission highlighted that it’s illegal to offer Filipinos access to unregistered exchanges.
Crypto OTC trading to get traction due to FTX fiasco, exec says
The FTX crash could trigger a bigger demand for crypto OTC services as investors are looking for alternative crypto exchange methods amid weak trust in CEXs.
SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26
A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport.
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
None of the 31 crypto exchanges registered with Japan's Financial Services Agency are currently offering trading in stablecoins like USDT or USDC.