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Bullish Drivers Remain In Play Despite Germany's Bitcoin Sales and Mt. Gox Reimbursements
9.7.2024
Macro factors and persistent "risk-on" in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry
Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers
5.6.2024
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full...
Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach
11.3.2024
Unizen has taken swift action in response to a recent security breach that resulted in the loss of approximately $2.1 million in user funds.
The post Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach appeared first on Cryptonews
Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
2.2.2024
The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million recovered. Australian investors with...
SEC’s FY 2023 Enforcement Actions Yield $5 Billion in Fines from Wall Street and Crypto Giants
15.11.2023
Source: Adobe/Kristina Blokhin The US Securities and Exchange Commission (SEC) has announced that its enforcement actions in fiscal year 2023 resulted in nearly $5 billion in fines and reimbursements to investors. In a Tuesday press release, the agency said it has targeted Wall Street brokerages...
Singapore High Court Mandates Hodlnaut Liquidation, Sets Stage for 17,000 Customer Reimbursements
14.11.2023
In a dramatic culmination to a turbulent period for Hodlnaut, the Singapore High Court has ordered the crypto lender’s liquidation, tasked with the daunting goal of reimbursing its 17,000 customers. The judicial decree follows Hodlnaut’s entanglement with the fallout of Terra’s...
Report: Hacked Nigerian Crypto Exchange Raises Capital for User Reimbursements
1.10.2023
The recently hacked Nigerian gift card and crypto exchange platform Patricia said on Sept. 29 that it had raised money to refund users. Some users have reportedly grown impatient with the crypto exchange and are weighing their legal options. Unilateral Conversion of Users’ Funds The Nigeria...
China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation
31.7.2022
In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827 and $22,240 qualify for reimbursement. In addition, authorities said two unnamed officials from...
Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche Blockchain
16.11.2021
On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud-based platform leverages Avalanche in order to “improve security...
The Ledger Saga: Death Threats, SIM Swaps, Lawsuits & No Reimbursements
22.12.2020
The unfortunate Ledger saga continues as, following the massive data dump, people now claim they receive death treats in their native language, some say they've been sim-swapped, and others warn their emails are being used to set up Coinbase accounts. Meanwhile, the CEO said Ledger will...
8,000 Bitcoin Scam Victims Get Refunds From US Regulator
7.11.2020
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...
Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead
7.11.2020
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm...