Cryptocurrencies News

A Forbes report raised questions about the magnitude of withdrawals from the world’s leading cryptocurrency exchange.

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases involving digital assets have done.

(Reuters) – A U.S. Trustee filed an objection on Saturday to plans by bankrupt crypto exchange FTX to sell its digital currency futures and clearinghouse LedgerX, as well as units in Japan and Europe, according to a court filing.

By Luc Cohen NEW YORK (Reuters) – The U.S. government plans to launch a website for victims of FTX cryptocurrency exchange founder Sam Bankman-Fried’s alleged fraud to communicate with law enforcement.

(Reuters) – FTX and its affiliated debtors announced their agreement for mutual cooperation in the chapter 11 cases of the FTX Debtors in Delaware and provisional liquidation of the cryptocurrency firm in the Bahamas.

NEW YORK (Reuters) – New York’s attorney general on Thursday filed a civil lawsuit accusing Celsius Network founder Alex Mashinsky of scheming to defraud hundreds of thousands of investors by inducing them to deposit billions of dollars in digital assets with his cryptocurrency company.

By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) is seeking details about FTX investors’ due diligence, according to two sources familiar with the inquiry, as fallout from the crypto firm’s collapse spreads.

By David Shepardson WASHINGTON (Reuters) – Michigan Senator Debbie Stabenow, the chair of the agriculture committee and a key lawmaker on electric vehicle and cryptocurrency policy, said on Thursday she will not seek re-election in 2024.

By Hannah Lang (Reuters) – The crypto industry’s woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies.

(Reuters) – U.S. authorities are investigating the chief engineer of bankrupt crypto exchange FTX, Nishad Singh, ratcheting up pressure on founder Sam Bankman-Fried’s inner circle, Bloomberg News reported on Thursday, citing people familiar with the matter.

By John McCrank and Hannah Lang (Reuters) – Alex Mashinsky, a co-founder of bankrupt crypto lender Celsius Network who prosecutors allege bilked investors out of billions, is a serial entrepreneur who has portrayed himself as a modern-day Robin Hood.

By Angus Berwick (Reuters) – FTX’s former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month.

(Reuters) – Cryptocurrency lender Genesis has cut 30% of its workforce in a second round of layoffs in less than six months, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

(Reuters) – Silvergate Capital Corp’s crypto-related deposits plummeted in the fourth quarter, according to a preliminary earnings report on Thursday, as souring crypto sentiment following the collapse of FTX exchange led to a surge in withdrawals.

By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge ruled on Wednesday that Celsius Network owns most of the cryptocurrency that customers deposited into its online platform, meaning most Celsius customers will be last in line for repayment in the crypto lender’s bankruptcy.

WILMINGTON, Del. (Reuters) – U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc that were allegedly owned by an entity controlled by Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, U.S. attorneys told a

WASHINGTON (Reuters) – U.S.-based cryptocurrency exchange Coinbase Global Inc has reached a $100 million settlement with New York regulators, the New York Times reported on Wednesday.

By Jack Queen (Reuters) – FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court on Tuesday to fraud and other charges related to the collapse of his $32 billion crypto empire, with a judge setting an October trial date as both sides prepare to

By Jack Queen and Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar

By Jonathan Stempel NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) has pleaded guilty to embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies.