Crypto Lender Celsius Backed Its Token, Benefiting Insiders, US Bankruptcy Examiner
SINGAPORE/LONDON, Jan 31 (Reuters) – Bankrupt crypto lender Celsius Network used investor money and customer deposits to back its token while two of its founders...
US Securities Regulator Investigates Investment Advisers Over Crypto Custody Sources
NEW YORK, Jan 26 (Reuters) – The U.S. Securities and Exchange Commission is investigating registered investment advisors for whether they abide by rules on custody...
New York financial regulator targets companies that mix cryptocurrencies
Jan 23 (Reuters) – New York’s top financial regulator is to issue new guidance on Monday requiring firms to separate clients’ crypto assets from their...
Genesis’ cryptocurrency lending unit files for bankruptcy in the US
Jan 19 (Reuters) – The lending unit of cryptocurrency firm Genesis has filed for U.S. bankruptcy protection from creditors, upended by a market rout along...
FTX says $415 million worth of cryptocurrencies have been hacked
Jan 17 (Reuters) – Bankrupt cryptocurrency exchange FTX said in a report to creditors on Tuesday that about $415 million worth of cryptocurrencies had been...
Failed cryptocurrency exchange FTX has recovered over $5 billion, lawyer says
FTX valued a year ago at $32 billion Over $8 billion of FTX client funds are missing Plan to sell FTX affiliates filed in court...
US judge says Celsius Network owns majority of customers’ cryptocurrency vaults
Jan 4 (Reuters) – A US bankruptcy judge ruled on Wednesday that Celsius Network owns most of the cryptocurrency customers deposited on its online platform,...
Insurers shun FTX-linked crypto firms as the risk of contagion increases
Dec 19 (Reuters) – Insurers are denying or limiting coverage to customers exposed to bankrupt cryptocurrency exchange FTX, leaving digital currency traders and exchanges uninsured...