Key Takeaways Alameda Research, a firm which worked as the now defunct FTX’s main market maker has initiated legal proceedings to recover more than $11 million held in a Crypto.com account. In a recent filing on November 7 with the…
Key Takeaways The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of bankrupt BlockFi. The decision, announced on November 7, comes after a lengthy investigation by the DFPI, revealing several violations of state finance laws…
Key Takeaways FTX co-founder Gary Wang is asking a U.S. federal judge to spare him jail time, arguing that his cooperation played a important role in the conviction of his former business partner, Sam Bankman-Fried. Wang, once the techn chief…
Key Takeaways Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of FTX Europe’s investment license for another six months, pushing the crypto exchange’s restrictions through May 30, 2025. This decision marks the fourth time the regulator has renewed…
Key Takeaways Leading crypto exchange Binance has filed a motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) amended complaint, which includes new claims targeting specific cryptocurrencies. On November 4, Binance and its former CEO Changpeng “CZ” Zhao submitted…
Key Takeaways On November 4, the defunct crypto exchange Mt. Gox initiated its largest Bitcoin transfer in months, sending around $2.19 billion worth of BTC to two unknown wallet addresses, part of the exchange’s ongoing creditor repayment plan. Blockchain intelligence…
Key Takeaways Leading crypto exchange Kraken has launched a licensed brokerage service in Australia to cater to institutional and wholesale clients. Reportedly, the new service allows eligible clients in Australia to trade crypto-based derivatives. Jonathan Miller, Kraken’s General Manager for…
Key Takeaways Aurelien Michel, the French developer behind the Mutant Ape Planet NFT project, was recently ordered by a U.S. court to forfeit $1.4 million and pay a $15,000 fine after pleading guilty to defrauding investors. His project, which aimed…
Key Takeaways On November 1, the defunct crypto exchange Mt. Gox reportedly transferred 500 Bitcoin (BTC), valued at around $35 million, to unidentified wallets. As per blockchain analytics firm Arkham Intelligence, this transfer marks the first major transfer from Mt.…
Key Takeaways Leading Abu Dhabi-based crypto exchange M2 suffered a major security breach on October 31, resulting in the loss of $13.7 million in various digital assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The hack, which took place…
