Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday (Oct. 19), accuses Gemini and DCG’s Genesis Global Capital unit of not disclosing the risks...
Stéphanie Cabossioras has resigned as the managing director of Binance’s French unit, the latest in a line of leaders to depart the cryptocurrency exchange. Cabossioras, who joined Binance in April of last year, initially served as the head of legal in the region before becoming...
A former executive at now-bankrupt Celsius Network, Roni Cohen-Pavon, has reportedly pleaded guilty to criminal charges in the United States and has agreed to cooperate with prosecutors’ investigations. Cohen-Pavon, who served as chief revenue officer at the cryptocurrency lender founded by Alex Mashinsky, admitted to four...
The criminal fraud trial of FTX founder Sam Bankman-Fried is reportedly facing a potential delay. Bankman-Fried’s defense lawyers have raised concerns about the limited time they have had to review the extensive evidence in the case, Reuters reported Wednesday (Aug. 30). U.S. District Judge Lewis...
October 24, 2023
Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. BlockFi has emerged from bankruptcy and will now focus on returning assets to its customers, Reuters reported on Tuesday (Oct. 24). This decision comes 11 months after the company faced difficulties due to the collapse of FTX, a major player […]
October 19, 2023
Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday...
October 18, 2023
Stéphanie Cabossioras has resigned as the managing director of Binance’s French unit, the latest in a line of leaders to depart the cryptocurrency exchange. Cabossioras, who joined Binance in April...
September 14, 2023
A former executive at now-bankrupt Celsius Network, Roni Cohen-Pavon, has reportedly pleaded guilty to criminal charges in the United States and has agreed to cooperate with prosecutors’ investigations. Cohen-Pavon, who served...
