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Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order
16.6.2023
According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William...
Institutional crypto broker FPG halts withdrawals after $20M cyberattack
15.6.2023
Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on Sunday evening
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection
15.6.2023
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million...
BCB Group Abandons Sutor Bank Acquisition on Regulatory Delay
14.6.2023
The payments processor also cited crypto market conditions as a reason for the exit
Embracer Group po nakupování řadí zpátečku. Majitel Warhorse plánuje zavřít některá studia a rušit hry
14.6.2023
Police in Estonia and Kazakhstan Investigate Atomic Wallet Hack
13.6.2023
CEO Konstantin Gladych told CoinDesk Atomic is cooperating with law enforcement after a $100 million exploit of the non-custodial wallet
Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue
13.6.2023
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues
Atomic Wallet Hackers Move Stolen Funds via OFAC-Sanctioned Exchange Garantex: Elliptic
13.6.2023
The attackers are believed to be the infamous North Korean hacker group Lazarus, as per blockchain security firm Elliptic
Atomic Wallet hackers turn to OFAC-sanctioned Garantex: Elliptic
13.6.2023
Stolen loot crypto from Atomic wallets has started passing through sanctioned Russian-based exchange Garantex, according to Elliptic
European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok
11.6.2023
BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like Twitter and Tiktok as well as preventing influencers from misleading investors....
Bitmex Group CEO: US Crypto Crackdown May Drive Top Talent to ‘Markets With More Regulatory Certainty and Lower Risk’
10.6.2023
Unlike in the United States where authorities are cracking down on the crypto industry, the regulations governing the industry are “more clearly defined and commercially viable in markets like Hong Kong, Singapore, and the UAE,” Stephan Lutz, the group CEO and CFO of the crypto exchange...
Social Media Targeted in EU Consumer Group Complaint About Crypto Ads
8.6.2023
BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto
Russian Investigator Took Over 1,000 BTC in Bribe Money From Hackers, Report
7.6.2023
An investigator working in Moscow has been caught with a record-breaking bribe paid by a hacking group in cryptocurrency. According to a Russian press report, the corrupt official accepted millions of dollars’ worth of bitcoin and saved the digital money for his retirement years....
Atomic Wallet Was Breached by North Korean Hackers: Elliptic
7.6.2023
Wallets that siphoned Atomic users' funds are connected to the known Lazarus group's addresses, crypto tracing firm said
Judge Rules Against FTX in Genesis Bankruptcy Mediation Case
6.6.2023
FTX will not be allowed to join in the mediation between now-bankrupt crypto lender Genesis Global and its parent company, Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), a judge has ruled.
In the ruling, US Bankruptcy Judge Sean Lane decided against FTX's inclusion in...
Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
6.6.2023
Stolen crypto from Atomic wallets is already on the move to mixers according to Elliptic
Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains
6.6.2023
Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow...
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
5.6.2023
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy
Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation
5.6.2023
The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January
US Debt Ceiling Dramas Diminish Dollar’s Credibility and Reputation as Safety Asset, Warns Devere CEO
5.6.2023
The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar’s “global reserve currency’s credibility and reputation as a ‘safety asset.’” He cautioned that Congress’ debt ceiling deal “does not solve the underlying political...