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New York Attorney General Sues Crypto Exchange Coinex — Claims Trading Platform Offers Unregistered Securities
23.2.2023
New York Attorney General Letitia James has sued cryptocurrency exchange Coinex “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” The NY attorney general also stressed that Coinex is not registered with...
CoinEx’s tokens and services are under NY Attorney General scrutiny
23.2.2023
In the crypto sphere, exchanges continue to come under scrutiny by regulators and relevant authorities. The reason is pretty simple: most exchanges offer tokens and services that qualify as securities and/or commodities, but they are being offered without any registration. The New York Attorney...
NY Attorney General Sues Crypto Exchange CoinEx, Alleges AMP, LBC, LUNA and RLY Tokens Are Securities
22.2.2023
The New York State Attorney General's office sued crypto exchange CoinEx, arguing it was an unregistered securities broker and commodity broker-dealer under state law
US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager
22.2.2023
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s...
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
7.2.2023
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures...
Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals
25.1.2023
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius...
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
20.1.2023
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements...
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...
Today in Crypto: US SEC Seeking Details on FTX Investors’ Due Diligence, NY Attorney General Sues Celsius Co-founder, European Central Bank Executive Claims Crypto is Gambling
6.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: US SEC Seeking Details on FTX Investors’ Due Diligence, NY Attorney General Sues Celsius Co-founder...
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
5.1.2023
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers,...
Sam Bankman-Fried Is Being Extradited Wednesday, Bahamas Attorney General Says
21.12.2022
Bahamas Attorney General Ryan Pinder announced that Sam Bankman-Fried was being extradited to the U.S. "tonight" in a Wednesday statement
Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in The Bahamas
13.12.2022
Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, according to local reports citing the country’s attorney general Ryan Pinder. According to Pinder, SBF’s arrest “followed receipt of formal notification from the United States that it has filed criminal charges...
Breaking: FTX founder Sam Bankman-Fried arrested and in custody
13.12.2022
A statement from the Attorney General of The Bahamas was made on Dec. 12
FTX under 'active' civil and criminal investigation: Bahamas AG
28.11.2022
Bahamian Securities Commission, the Prime Minister’s financial intelligence unit, and a financial crimes unit are all involved in the FTX investigation
Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’
28.11.2022
The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross...
The Bahamas' Attorney General Defends Country's Regulatory Regime Amid FTX 'Debacle'
28.11.2022
Ryan Pinder, the Attorney General of The Bahamas, defended his country's actions through the collapse of crypto exchange FTX, but did not provide much new information about the local regulator's efforts to investigate the company
NY Attorney General Urges Congress to Ban Crypto in Retirement Accounts
25.11.2022
New York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings being wiped out due to risky bets on unstable assets like cryptocurrencies,”...
New York Attorney General Urges Congress to Prohibit Retirement Investments in Crypto Assets
24.11.2022
New York Attorney General Letitia Games has urged lawmakers to ban the use of crypto assets as an investment option for retirement accounts.
In a November 22 letter penned to members of Congress, James claimed that US lawmakers need to protect workers’ retirement funds from high-risk crypto...
Texas Securities Regulators and Attorney General Object to FTX Purchasing Voyager Digital
17.10.2022
Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File...