Binance’s French Arm Reports A Loss of €4 Million In 2022
Binance France reported a loss of €4 million in the financial statements for 2022. The crypto exchange’s French arm currently holds €1bn in crypto assets on behalf of its clients.…
Sanctioned Crypto Exchanges Processed $32 Million In Payment To Fentanyl Merchants
Elliptic’s report identified payments to Russian crypto exchange Garantex and an unnamed Australian platform for fentanyl products worth billions in street value. The report estimates that these platforms received roughly…
FTX Files To Recover $1 Billion From SBF And His Former Executives
FTX lawyers said that founder Sam Bankman-Fried and other executives used customer cash to fund personal their lifestyles. Bankman-Fried and members of his inner circle like Caroline Elisson, and Nishad…
Coindesk Nears $125 Million Sale Amid Parent DCG’s Financial Woes
A consortium of investors is in the final stages of acquiring crypto news outlet CoinDesk. CoinDesk is owned by the Digital Currency Group (DCG), which is currently embroiled in a…
RDNT Up 10% After Binance Labs Invests $10 Million In Radiant Capital
Binance’s investment arm has invested $10 million in DeFi lending protocol Radiant Capital. Radiant Capital’s native token RDNT gained more than 10% following the multi-million dollar investment by Binance. The…
Terra And Do Kwon Argue “Torres Doctrine” In Bid To Dismiss SEC Lawsuit
Terra and Do Kwon’s legal team argued that the recent ruling in the case of US SEC v. Ripple Labs directly impacts their motion to dismiss. The SEC sued Do…
FTX Bankruptcy Team Eyes $71 Million Recovery From SBF’s Sham Science Fund
FTX administrators filed that the funds were deployed for Sam Bankman-Fried’s “personal aggrandizement” rather than actual scientific advancements and innovation. Bankman-Fried’s NGO Latona received over $71 million from the crypto…
Tesla Maintains Crypto Holdings Worth $184 Million For Fourth Consecutive Quarter
Tesla Inc.’s crypto holdings remained unchanged for the fourth consecutive quarter. The crypto assets on the EV giant’s balance sheet are worth $184 million as of June 30, 2023. The…
Societe Generale’s Crypto Division Obtains France’s First Crypto License
Societe Generale’s crypto unit has received France’s crypto license under the new regulatory regime. The license will allow SG Forge to offer buying and selling and custody of crypto assets.…
Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet
This crypto whale wallet has been dormant for over 8 years and received tokens from Ethereum’s initial coin offering in 2015. The whale moved 61,216 ETH worth $116 million to…
Do Kwon’s Terraform Labs Taps Former CFO To Serve As Chief Executive
Terraform Labs has appointed a new CEO while co-founder Do Kwon serves a prison sentence in Montenegro. Former CFO and COO Chris Amani has been tapped to serve as the…
Former FTX Fundraising Guru Resurfaces At Sino Global Crypto Fund
Zhe Constance Wang was known as Sam Bankman-Fried’s right hand for fundraising and played an executive role in FTX’s ascent. Wang is not currently facing criminal charges or allegations although…
Polygon Team Unveils Revamped Three-Pillar Governance System For Roadmap 2.0
The new governance model will feature an ecosystem council as part of a three-pillar framework, Polygon’s blog post noted. The re-engineered governance also includes an improved proposal framework and a…
Crypto Fraudster Sentenced To Nine Years For $248 Million Ponzi Scheme
The Manhattan federal court has sentenced EminiFX CEO Eddy Alexandre to nine years in prison. Alexandre defrauded over 25,000 investors out of $248 million through his crypto and forex platform.…
Nevada Court Orders Prime Trust To Be Put Into Receivership
A Nevada court has ordered crypto custodian Prime Trust to be put into receivership. The former CEO of the Bank of Nevada has been appointed as the troubled custodian’s receiver.…