FTX Seeks To Clawback SBF’s $400 Million Sitting In JPMorgan Chase
FTX’s lawyers are negotiating to reclaim $400 million parked in an account at JP Morgan Chase. Sam Bankman-Fried had invested this...
Ethereum News
Celsius Creditors File Motion To Recover Millions From Former CEO Alex Mashinsky
Summary: The Official Committee of Unsecured Creditors for Celsius hopes to recover millions from Alex Mashinsky, former CEO of the...
FTX Subpoenaed Founder And Inner Circle, Bankrupt Exchange Demands Company Records
Summary: FTX Founder Sam Bankman-Fried was subpoenaed along with other company execs like former Alameda CEO Caroline Ellison and ex-engineering...
Circle Executive Quashes Rumor About Receiving Wells Notice From The SEC
Circle’s Chief Strategy Officer has denied rumors about his firm receiving a Wells notice from the SEC. Fox reported Eleanor Terrett...
BLUR Token Tanks 80% Within Hours Of Long Anticipated Airdrop
NFT marketplace Blur’s airdrop went live earlier today after a three-week delay.Users were able to unlock the Ethereum-based $BLUR governance...
Criminal Case Against Sam Bankman-Fried Prioritized Over Civil Allegations
Summary: Civil proceedings launched by the CFTC and SEC were put on the back burner, per a February 13 court...
FTX Turkey Excluded From Bankruptcy Case, US Judge Approves De Minimis Asset Sales
Summary: FTX attorneys argued that Turkish authorities would not work closely with U.S. courts and bankruptcy proceedings.Judge John T. Dorsey...
Paxos Says Its Prepared To Vigorously Litigate Over SEC’s Wells Notice
Paxos has categorically disagreed with the allegations made by the SEC in a recent notice. The Wells notice accused the BUSD...
Breaking: Circle Tipped Off NYDFS About Insufficient Reserves At Binance
Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens. The USDC issuer warned the NYDFS about Binance...
Aave To Freeze BUSD Reserves On Ethereum
Summary: Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum.Zeller argued that the Paxos-issued stablecoin was...
Paxos: BUSD Redemptions Continue Till At Least February 2024
Summary: Paxos will wind down its relationship with Binance for the BUSD stablecoin.BUSD redemptions will continue till at least February...
SEC Targets Binance Stablecoin, Paxos To Stop Minting BUSD
Summary: Paxos was ordered to stop minting Binance USD (BUSD) by the New York Department of Financial Services.The order coincided...
PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto
Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators. The fintech giant...
Cantor Fitzgerald: Tether’s Mysterious $39 Billion Fund Manager
A report by the Wall Street Journal revealed that Cantor Fitzgerald oversees Tether’s bond portfolio. The $39 billion bond portfolio backs...
DeFi Staking Tokens Volatile Following SEC’s Crackdown On Staking Services
The SEC’s crackdown on centralized staking services has induced volatility in liquid staking tokens. Traders poured into DeFi staking due to...
