Cryptocurrency platform Kraken must face a US Securities and Exchange Commission lawsuit accusing it of operating an unregistered securities exchange, a judge ruled. “The SEC has plausibly alleged that at least some of the cryptocurrency transactions that Kraken facilitates on …
The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion …
A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to its customers, the Commodity Futures Trading Commission said on Thursday. FTX drew customers in with “an illusion that it was a safe and secure …
Silvergate Bank, the California lender done in by the collapse of crypto exchange FTX, has been fined $63 million by two regulators for allegedly failing to monitor transactions. The Federal Reserve on Monday announced the penalties against the bank, owned …
A crypto exchange that was accused of lying to hundreds of thousands of customers about the risks tied to a failed investment program agreed to return $50 million of digital assets to resolve a suit by New York Attorney General …
A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to its creditors and investors, including thousands of people who New York regulators say were defrauded by the company. The plan …
The crypto sector suffered one of its biggest security incidents this year after a hacker swiped $63 million from a blockchain-based game. The game, Munchables, confirmed the incident in a post on X on Wednesday and said it would try …
Gemini Trust Co., the crypto exchange founded by twin entrepreneurs Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers though the Genesis Global Capital bankruptcy as part of settlement with the New York Department of Financial Services. …
The National Basketball Association was hit with a lawsuit over its marketing links to failed crypto exchange Voyager Digital Holdings Inc., which investors claim led to $4.2 billion in losses. The NBA was “grossly negligent” in agreeing to a marketing …