Summary: The Official Committee of Unsecured Creditors for Celsius hopes to recover millions from Alex Mashinsky, former CEO of the bankrupt crypto lender. Creditors also filed a motion to recover…
Summary: FTX Founder Sam Bankman-Fried was subpoenaed along with other company execs like former Alameda CEO Caroline Ellison and ex-engineering chief Nishad Singh. Bankman-Fried’s father was also served a court…
Circle’s Chief Strategy Officer has denied rumors about his firm receiving a Wells notice from the SEC. Fox reported Eleanor Terrett initially broke the news of the alleged Wells notice…
NFT marketplace Blur’s airdrop went live earlier today after a three-week delay. Users were able to unlock the Ethereum-based $BLUR governance tokens that they received over the past few months.…
Summary: Civil proceedings launched by the CFTC and SEC were put on the back burner, per a February 13 court ruling. U.S. Attorney Damian Williams for the Southern District of…
Summary: FTX attorneys argued that Turkish authorities would not work closely with U.S. courts and bankruptcy proceedings. Judge John T. Dorsey agreed with the fallen crypto exchange and ruled to…
Paxos has categorically disagreed with the allegations made by the SEC in a recent notice. The Wells notice accused the BUSD issuer of violating investor protection laws by issuing the…
Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens. The USDC issuer warned the NYDFS about Binance not having enough crypto in its reserves to back…
Summary: Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum. Zeller argued that the Paxos-issued stablecoin was bound to decline in supply and inability to mint…
Summary: Paxos will wind down its relationship with Binance for the BUSD stablecoin. BUSD redemptions will continue till at least February 2024 but no new tokens will be minted following…
Summary: Paxos was ordered to stop minting Binance USD (BUSD) by the New York Department of Financial Services. The order coincided with the SEC’s plans to sue Paxos for selling…
Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators. The fintech giant had partnered with Paxos for its stablecoin. Paxos is…
A report by the Wall Street Journal revealed that Cantor Fitzgerald oversees Tether’s bond portfolio. The $39 billion bond portfolio backs more than half the USDT stablecoin in circulation. The…
The SEC’s crackdown on centralized staking services has induced volatility in liquid staking tokens. Traders poured into DeFi staking due to the uncertainty surrounding the future of staking in the…
Summary: SEC Commissioner Hester Pierce disagreed with the regulator’s move to shut down Kraken’s staking service. Pierce noted that the decision was not a fair way of regulating the crypto…
