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Business · New YorkTether, which manages the $71 billion stablecoin, and its sister business Bitfinex, found themselves in a vulnerable position in 2018, when they lost access to the traditional banking system. A report by WSJ states that the company leveraged falsified documents and shell companies to gain banking access.
Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts
62% Center coverage: 8 sources
Business · New YorkA federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried's bail conditions, despite an agreement between the FTX cryptocurrency exchange founder and prosecutors to address potential witness tampering concerns.
U.S. judge rejects bail proposal for FTX founder Bankman-Fried
52% Center coverage: 31 sources
Business · New YorkA former Coinbase Global Inc (COIN.O) product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurrency, his defense lawyer said in a court hearing.
Ex-Coinbase Employee Pleads Guilty in Pioneering Crypto Insider Trading Case
64% Center coverage: 14 sources
Europe · WashingtonThe world is closer to annihilation than it has ever been since the first nuclear bombs were released at the close of World War II, The Bulletin of the Atomic Scientists said Tuesday. The time on the Doomsday Clock moved forward from 100 seconds to midnight to 90 seconds to midnight.
Doomsday Clock 2023 time says the world is closer than ever to global catastrophe
47% Center coverage: 176 sources
US & Canada · New YorkThe U.S. Securities and Exchange Commission (SEC) on Thursday said it has charged Genesis Global Capital LLC and Gemini Trust Company LLC with illegally selling securities to hundreds of thousands of investors through their crypto lending program.
SEC Alleges Gemini, Genesis Sold Unregistered Securities
50% Center coverage: 20 sources
Business · New YorkCrypto exchange FTX has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday.
Failed crypto exchange FTX has recovered over $5 bln, attorney says
45% Center coverage: 31 sources
Business · New YorkThe Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them.
Bahamas regulator holds FTX assets pending delivery to customers, creditors
55% Center coverage: 20 sources