Zipmex gets 3 month protection in Singapore amid halted withdrawals
Troubled crypto exchange Zipmex has time to come up with a restructuring plan by Dec. 2 after halting withdrawals in July. Go to Source Powered by WPeMatico
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Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence
Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges. Alexander Vinnik Remains in … Read more
BitMEX former executive pleads guilty to violating the Bank Secrecy Act
Gregory Dwyer becomes the last one from the exchange’s management to enter a plea. Go to Source Powered by WPeMatico
Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts
Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash via an automated clearing house (ACH) transfer. … Read more
Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits
The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege Voyager is FDIC insured. The U.S. Bankruptcy Court in … Read more
Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the … Read more
Crypto Biz: The 3AC saga takes another bizarre twist
Once the most revered hedge fund in crypto, Three Arrows Capital has gone bust. As it turns out, its holdings of Deribit shares may be much smaller than reported. Go to Source Powered by WPeMatico
Crypto use an aggravating factor for sentencing: Aussie court study
Offenders that use cryptocurrency for illegal activity in Australia are more likely to receive a tougher sentence. Go to Source Powered by WPeMatico
Source claims 3AC’s Deribit exposure is worth much less than reported
The creditors of Three Arrows Capital may be left holding the bag, according to a source who claims the hedge fund’s exposure to Deribit is only worth $25 million. Go to Source Powered by WPeMatico
SEC dismisses claims against John McAfee, fines accomplice for ICO promo
On October 5, 2020, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter without disclosing that they were paid for them. Go to Source Powered by WPeMatico