News with the tag "customer funds"

A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar reco...

Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month.

"This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc.

The approval, outlined in a recent court filing, allows Binance customer funds allocated into US debt securities through a third-party investment manager.

Patricia CEO Fejiro Hanu said they are currently awaiting the prosecution and conviction of the other suspects involved.

FTX has dropped its plans to relaunch the exchange, failing to meet sufficient capital, but the exchange, instead, focuses on repaying its customer funds fully. FTT tokens fell by 35%, The post Breaking: FTX Drops Relaunch Plans But Willing To Repay Customer Funds Fully appeared first on BitcoinWorl...

The US Commodity Futures Trading Commission (CFTC) sued Debiex for alleged misappropriation of millions in customer funds. The US Commodity Futures Trading Commission (CFTC) is filing charges against crypto exchange The post CFTC Sues Debiex For Allegedly Misappropriating $2.3 Million In Customer Fu...

The crypto Travel Rule, which came into effect on Sept. 1, aims to stop money laundering and terrorist financing activities carried out on-chain.

The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain.

After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline of Pri...