The United States Commodity Futures Trading Commission (CFTC) has filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, accusing him of fraud and failure to register the bankrupt crypto lender with the agency. The CFTC alleges that Ehrlich and Voyager Digital deceived customers by falsely promoting the platform as a safe and trustworthy […]
Caroline Ellison, an associate of Alameda and FTX, has reached a plea deal with prosecutors in the Southern District of New York. Under the agreement, Ellison will not be prosecuted further if she fulfills her obligations. The cooperation agreement states that she will not be criminally prosecuted for any crimes, except for criminal tax violations. […]
BarnBridge, a cryptocurrency project, is facing legal action from the US Securities and Exchange Commission (SEC). In response, the project has turned to its token holders for support. A voting process was initiated, and the proposal to grant the project’s creators the authority to comply with the SEC’s directives was unanimously approved. This includes paying […]
Grayscale’s recent legal victory against the US Securities and Exchange Commission (SEC) in its bid for a spot Bitcoin ETF is a significant milestone for the cryptocurrency industry. The court criticized the SEC for its arbitrary rejection of Grayscale’s application, instilling optimism among investors. This ruling brings the industry one step closer to the first-ever […]
Former CEO of investment firm Systematic Alpha Management LLC (SAM), Peter Kambolin, has pleaded guilty to running a fraudulent cherry-picking scheme. Kambolin admitted to fraudulently allocating profits and losses from futures trades while serving as a commodity trading advisor and commodity pool operator. The US Department of Justice revealed that Kambolin selectively assigned profitable trades […]
In a shocking revelation, blockchain intelligence firm Elliptic has provided an in-depth analysis of the infamous FTX theft, shedding light on the complex web of events surrounding the hack, subsequent money laundering, and the ongoing quest to uncover the identity of the perpetrators.According to Elliptic’s report, the FTX theft in November 2022 involved $477 million […]
Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to introduce information from the crypto exchange’s terms of service during witness testimonies in the ongoing criminal trial. The defense team aims to address evidentiary issues related to the alleged misuse of FTX funds. Prosecutors and the defense have differing theories on the matter, with […]
The former CEO of Voyager, Stephen Ehrlich, is facing charges filed by the Federal Trade Commission (FTC) and Commodity Futures Trading Commission (CFTC). The FTC alleges that Ehrlich falsely claimed that Voyager accounts were insured by the Federal Deposit Insurance Corporation (FDIC) and that customer assets were safe, despite the company’s impending bankruptcy. The FTC […]
Coinbase, the largest cryptocurrency exchange in the US, has expressed concerns over a new tax proposal by the Internal Revenue Service (IRS). In a letter to the agency, Coinbase argues that the proposed rules would infringe on Americans’ financial privacy and impose burdensome reporting requirements. The exchange requests that compliance requirements be limited to parties […]
Miami Beach-based cryptocurrency project $Garbage is gaining popularity in the crypto world with its unique garbage-themed meme coin. The project aims to challenge the current state of global affairs and the financial system by embracing the idea of a “cesspool of dysfunction.” $Garbage is a community-driven movement that aims to expose the flaws in the […]
