crypto Archives

FTX Is Suing Binance To Recover Nearly $1.8 Billion

November 11, 2024November 11, 2024 by JenThorpe

The estate of now-defunct crypto exchange FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao in a bid to recover $1.76 billion, The Verge reported. FTX alleges these funds were fraudulently transferred to Binance, Zhao, and… Read More

FDIC Sent Cease and Desist Letters to Crypto Companies

August 20, 2022 by JenThorpe

The Federal Deposit Insurance Corporation (FDIC) issued letters demanding five companies and their officers, directors, and employees cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or… Read More