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New York Regulator Launches Investigation into Stablecoin Issuer Paxos – Binance BUSD in Trouble?
10.2.2023
Stablecoin giant Paxos confirmed to be under investigation by New York financial authorities.
The New York Department of Financial Services (NYDFS) has acknowledged an ongoing probe.
Known for running Binance USD (BUSD), Paxos is an industry leader in stablecoin technology. Offerings also include...
'Haunts me to this day' — Crypto project hacked for $4M in a hotel lobby
7.2.2023
The co-founder of Webaverse said they somehow got their crypto hacked from their Trust Wallet during a meeting with two people claiming to be investors
FBI seizes $100K in NFTs from scammer following ZachXBT investigation
4.2.2023
The seized property included a Bored Ape Yacht Club and Doodles NFT, 85.6 Ether and a flashy Audemars Piguet watch which ultimately helped ZachXBT identify the alleged scammer
Silvergate Bank Stock Plunges After Report of DOJ Investigation into Ties with FTX and Alameda
3.2.2023
Silvergate shares have seen a sharp drop in pre-market trading following the news that US officials have launched a probe into the crypto bank's dealings with fallen crypto giants FTX and Alameda Research. ...
Read More: Silvergate Bank Stock Plunges After Report of DOJ Investigation into Ties with...
Silvergate faces DOJ investigation over FTX and Alameda dealings: Report
3.2.2023
The crypto bank hasn't been accused of wrong doing, but prosecutors want to see how deep the dealings between the crypto bank and FTX went
Monkey Drainer-linked scammers possibly exposed after an on-chain quarrel
30.1.2023
The scammer referred to their pseudonym during a blockchain message argument which may have revealed their actual identity, according to CertiK
SBF allegedly used FTX money to invest $400M in obscure VC firm
26.1.2023
SBF’s Modulo investment was likely made using misappropriated money that FTX deposits by customers, U.S. prosecutors alleged
Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren
26.1.2023
Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes
Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims
26.1.2023
Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among...
FBI Seizes Bitcoin From Overseas Scammers Who Posed as US Law Enforcement Officials
23.1.2023
The Federal Bureau of Investigation (FBI) says it has seized bitcoin worth millions of dollars from overseas scammers targeting the elderly. The scammers posed as members of U.S. law enforcement agencies and tricked the victims into transferring money to them for “safekeeping.” FBI Says...
Sam Bankman-Fried Disputes FTX US ‘Shortfall’ Claims, Critics Skeptical of Excel Spreadsheet Defense
18.1.2023
Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan &...
SEC leaked crypto miners' personal information during investigation: Report
17.1.2023
The financial regulator reportedly unintentionally included 650 names and email addresses in communications with blockchain firm Green as part of an investigation
Nexo investigation is not political, says Bulgarian prosecutors
15.1.2023
A spokesperson for Bulgaria’s chief prosecutors denied claims that the investigation was prompted by the company's political donations
DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest
14.1.2023
The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.
In a recent legal filing, the US Trustee said it is objecting to the FTX decision due to two "overarching" reasons....
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
13.1.2023
After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As...
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria
12.1.2023
According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving...
Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Offenses
12.1.2023
Authorities say they have evidence a Nexo user has been officially declared a terrorist financer
Crypto Exchange Bithumb Hit With Tax Investigation, Prosecutors Grill ‘Major Shareholder’
10.1.2023
The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.
Chosun reported that...
NY law firm investigates potential 'securities fraud' at Core Scientific
10.1.2023
The investigation was prompted by a report from Culper Research, which alleged that Core Scientific had "wildly oversold" its mining and hosting businesses
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings
8.1.2023
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District...