The latest legal battle comes via Washington State and accuses the exchange of complicity Binance and its former CEO, Changpeng “CZ” Zhao, are facing a new legal challenge from three cryptocurrency investors who allege the exchange was complicit in money laundering activities that prevented them from recovering their stolen assets. The lawsuit, filed on August
The stablecoin has expanded its reach significantly over the past year Tether, the issuer of the USDT stablecoin, has recently minted an additional $1 billion worth of USDT tokens on the Tron blockchain. This latest minting event was identified earlier today when blockchain data revealed that these new tokens were sent to Tether’s treasury wallet
The plaintiff argues that Google ignored a known crypto scam for weeks Google is facing a lawsuit after allegedly failing to act swiftly in removing a fraudulent cryptocurrency app from its platform, leading to over $5 million in losses. The lawsuit, filed by a Florida woman, Maria Vaca, claims that the tech giant did not
Chainalysis data shows that cryptocurrency attacks are increasing after a lull late last year In 2024, the cryptocurrency landscape has seen a troubling rise in hacking and ransomware activities, according to a recent report by Chainalysis. Despite a general decline in overall illicit transactions within the crypto market—down 19.6% from $20.9 billion to $16.7 billion—specific
An inquiry made to the FBI revealed cryptic details about Bitcoin’s potential creator The mystery surrounding Bitcoin’s (BTC) creator, Satoshi Nakamoto, has taken an interesting turn with recent developments involving the FBI. A Freedom of Information Act (FOIA) request filed by investigative journalist Dave Troy has led to speculation that the FBI may possess inside
ezBtc allegedly misappropriated the money and used it on online gambling sites A Canadian cryptocurrency exchange, ezBtc, and its founder, David Smillie, have been accused of misappropriating nearly $10 million of users’ funds and using the money for gambling purposes. The British Columbia Securities Commission (BCSC), a regulatory body in Canada, revealed that the platform
The shuttered crypto exchange accuses Tether of illegally liquidating funds Celsius, the now-defunct cryptocurrency exchange, has launched a lawsuit against Tether, seeking a total of $3.5 billion. The lawsuit, filed during Celsius’ bankruptcy proceedings, revolves around a dispute over Bitcoin (BTC) collateral that Tether allegedly liquidated. The core of the lawsuit is Celsius’ claim that
The federal government continues to take greater notice of crypto-linked financial institutions Customers Bank, a crypto-friendly financial institution based in Malvern, Pennsylvania, is taking steps to strengthen its Anti-Money Laundering (AML) measures following scrutiny from the US Federal Reserve. The Federal Reserve Board’s recent enforcement action highlighted deficiencies in the bank’s management and AML practices,
Ripple Labs will pay $125 million, but closing the case could allow Ripple to flourish A federal judge has ruled that Ripple Labs must pay a $125 million civil penalty in a case brought against the company by the Securities and Exchange Commission (SEC). The decision, released yesterday by Judge Analisa Torres in the US
The company becomes the first in the US to offer wire transfers through cryptocurrency Transak, a Web3 payments infrastructure provider, has achieved a significant milestone by becoming the first fiat-to-crypto on-ramp in the US to enable wire transfers. This new feature allows American crypto users to top up their digital asset accounts via wire transfers,
The company has had to cut its workforce, leading to the removal of the annual event Financial services firm Swan Bitcoin has announced the cancellation of its upcoming cryptocurrency conference, the Pacific Bitcoin Festival, which was set to take place in Santa Monica, California, on October 18-19, 2024. This decision, disclosed by Swan Bitcoin CEO
Trump wants to use the power of Bitcoin to wipe out $35 trillion in debt Donald Trump’s recent proposal to address the $35 trillion national debt using Bitcoin (BTC) has sparked significant debate and curiosity. As a former president known for his unconventional approaches, this idea reflects both the growing influence of cryptocurrencies and the
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