The US Department of Justice is reportedly considering charging executives of Binance, the world’s largest cryptocurrency exchange, with various criminal charges, including for money laundering and sanctions violations. This comes after the recent collapse of the FTX cryptocurrency exchange and this week’s arrest and indictment of its founder and former CEO Sam Bankman-Fried. Before it …
FTX
The collapse of crypto exchange FTX has continued to affect crypto markets and many crypto companies, with users losing trust in centralised crypto exchanges and fast withdrawing their funds. FTX is being investigated for fraud, and bankruptcy documents reveal amongst other things a ‘complete failure of corporate control, that FTX ‘loaned’ founder SBF $1 billion …
The Nassau, Bahamas-based FTX cryptocurrency exchange, which filed for bankruptcy on Nov. 11, 2022, has revealed it moved all digital assets offline and initiated an investigation to determine whether roughly $400 million USD in crypto assets were stolen. FTX general counsel Ryne Miller asserted that FTX “initiated precautionary steps,” including moving digital assets to cold …
Updated on 2022-11-14 FTX reported suffering a theft of $600 million from its wallets. The crypto exchange urged users to delete their FTX apps and refrain from using the website. Read more: $1 billion of FTX customer funds have vanished, Reuters reported Updated on 2022-11-13: ‘FTX Has Been Hacked’ – Outflows Exceeding $600M FTX officials …
