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Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report

[Jan 7, 2023 1:08 PM] United States prosecutors are investigating hedge funds' relationships with cryptocurrency exchange Binance for money-laundering violations.

Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis

[Jan 7, 2023 11:30 AM] Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are…

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

[Jan 4, 2023 2:30 PM] Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said…

SBF prosecutors reportedly dig into donations made to top US Democrats

[Dec 17, 2022 11:04 PM] Democratic members from the DNC, the DCCC and Congressman Hakeem Jeffries were contacted by SBF prosecutors for information to aid their ongoing investigations.

U.S. Justice Department Split Over Decision To Charge Binance In Criminal Investigation

[Dec 12, 2022 8:31 AM] Justice officials are reportedly deciding whether they have sufficient evidence to bring charges against the world’s largest cryptocurrency exchange.A Reuters report stated that several sources close to the investigation claim there is deliberation…

US senator calls on SEC's Gensler to answer for 'regulatory failures'

[Dec 12, 2022 12:09 AM] Republican Senator Tom Emmer has long been a critic of Gary Gensler and the U.S. Securities Exchange Commission’s cryptocurrency oversight strategy.

FTT investors' claims to be investigated for securities laws violations

[Dec 11, 2022 1:30 AM] To help the investors legally recoup losses, Schall Law Firm plans to investigate FTX for issuing misleading statements or failing to disclose crucial information.

US DOJ reportedly investigating FTX CEO for siphoning funds out of the US

[Dec 10, 2022 1:53 AM] The anonymous informant revealed that DOJ officials met with FTX’s court-appointed overseers to discuss the scope of the information they need for further investigation.

SBF 'willing' to testify at Senate hearing on the FTX collapse

[Dec 9, 2022 7:51 AM] Despite missing a response deadline, Sam Bankman-Fried says he’s willing to testify at a U.S. Senate hearing into the collapse of FTX.

FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

[Dec 8, 2022 1:00 AM] As part of a broader inquiry into FTX's collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

Kentucky to scrutinize contracts offering cheaper electricity to miners

[Dec 5, 2022 8:28 PM] The Kentucky government is investigating whether the proposed discounted electricity for crypto miners will raise electricity costs for Kentucky residents.

US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices

[Dec 2, 2022 9:00 AM] On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained…

IIROC-registered Canadian crypto exchange Coinsquare suffers data breach

[Nov 26, 2022 4:15 AM] On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform.

Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets

[Nov 24, 2022 5:30 PM] The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the…

Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme

[Nov 23, 2022 6:30 AM] Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their…

South Korea seizes $104M from Terra co-founder suspecting unfair profits

[Nov 18, 2022 10:45 PM] The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors.

Crypto scammers are using black market identities to avoid detection: CertiK

[Nov 17, 2022 9:48 PM] The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities.

FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing

[Nov 16, 2022 10:00 AM] “There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.

US reportedly considering Bankman-Fried extradition for questioning

[Nov 16, 2022 6:43 AM] Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.

Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

[Nov 16, 2022 6:30 AM] The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been…

Turkey’s financial authority investigates FTX’s collapse

[Nov 14, 2022 3:30 PM] The Turkish regulator joined the United States and the Bahamas in investigating the exchange's fall.

Manhattan District Attorney’s Office probes FTX collapse: Report

[Nov 14, 2022 12:15 PM] A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.

Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year

[Nov 14, 2022 3:00 AM] A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees…

Binance CEO CZ on FTX crash: “We’ve been set back a few years”

[Nov 12, 2022 5:18 AM] With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence.

Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco

[Nov 12, 2022 1:04 AM] Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence.

California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’

[Nov 11, 2022 8:00 AM] After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published…