The US Securities and Exchange Commission (SEC) filed an emergency action against the Miami-based financial advisor firm – BKCoin Management LLC – and its Co-Founder Kevin Kang, claiming they have def...
Tag: Alleges
NYAG Alleges Ethereum is a Security in Lawsuit Against KuCoin
New York Attorney General Letitia James has sued cryptocurrency exchange KuCoin for selling both commodities and securities on its platform without necessary registration. One of the “securities” it a...
New York AG Alleges ETH is a Security in KuCoin Lawsuit
New York Attorney General Letitia James became the first regulator in the US to claim in court that ethereum is a security in a lawsuit against exchange KuCoin. Seychelles-based KuCoin has been ...
Alameda seeks to ‘maximize recoveries’ in suing Grayscale over devalued BTC trust; alleges ‘exorbitant’ management fees
Ad FTX said that its affiliate Alameda Research has sued Grayscale, as indicated in a press release published by the former company on March 6. Alameda challenges fees, locked redemptions In its press...
SEC Alleges BKCoin Collected From Crypto Investors, Ran Fraud Scheme
The SEC continued its enforcement spree on the crypto sector Monday by going after a Miami-based investment adviser the agency claims ran a fraud scheme. BKCoin Management raised roughly $100 mi...
U.S. SEC Alleges BKCoin Founder Of Misusing Funds On Vacations, Properties
In its most recent round of enforcement actions, the U.S. Securities and Exchange Commission (SEC) has taken emergency action against a cryptocurrency hedge fund and one of its co-founders concerning ...
SEC Lawyer Alleges Binance.US Sells Unregistered Securities
U.S. Securities and Exchange Commission lawyer William Uptegrove asserted in a Voyager bankruptcy hearing that SEC staff believe Binance.US is running an unregistered securities exchange. He added tha...
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges – Exchanges Bitcoin News
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continu...
SEC Alleges Do Kwon Relocated 10,000 Bitcoin (BTC) As Terra (LUNA) Ecosystem Imploded Last Year
The U.S. Securities and Exchange Commission (SEC) has alleged that Terra founder Do Kwon transferred 10,000 Bitcoin (BTC), currently worth about a quarter of a billion dollars, as the LUNA ecosystem w...
CFTC alleges California Company and CEO of Misproportioning Digital Assets
The Commodity Futures Trading Commission (CFTC) recently filed charges against a California-based firm and its CEO for fraud and misappropriation of digital assets. The CFTC’s complaint al...
Layer1 CEO alleges co-founder is using majority power to ‘ransack’ company
The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1’s operations for thei...
Signature Bank Lawsuit Alleges It ‘Substantially Facilitated’ FTX Fraud
New York-based Signature Bank has been slapped with a class-action lawsuit alleging it facilitated FTX’s activities prior to the crypto exchange’s collapse last November. The lawsuit, file...
Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds
Crypto-friendly Signature Bank has been drawn into a class-action lawsuit over its role in the operations of the defunct crypto exchange FTX, according to a Feb. 6 court filing. The lawsuit alleged th...
Wells Fargo didn’t act after an L.A. executive was raped by her boss, lawsuit alleges
A former Wells Fargo senior vice president has sued the bank, accusing it of inaction and retaliation after her complaints of sexual misconduct by a higher-ranking employee. (Mark Lennihan / Associate...
Balance CEO alleges betrayal at hands of Uniswap founder
Balance CEO Ric Burton claimed he was double-crossed by Uniswap founder Hayden Adams, who, at one point, he considered one of his “closest friends.” Burton had invested time, friendship, and an unspec...
Argo Blockchain Lawsuit Alleges Bitcoin Miner ‘Misrepresented’ Pre-IPO Finances
Investors in Bitcoin mining firm Argo Blockchain have slapped the firm with a class-action lawsuit, accusing it of making false claims pre-IPO. The London-based firm raised $112.5 million in a Septem...
Crypto Banter Alleges Price Manipulation by APTOS Developers
Ran Neuner identified large APTOS transactions from the dev team into Binance exchange. He suspects the transactions could be aimed at manipulating the price of APTOS. A user asked if the transactions...
CZ alleges FTX paid $43m to run Binance FUD in media
Binance head Changpeng Zhao believes that FTX funded most of the FUD reports surrounding Binance recently. FTX-funded FUD on Binance? The Binance CEO held an AMA session in a Twitter space, highlight...
SEC Commissioner Says Regulator’s Current Approach Will Take 400 Years to go Through Cryptos it Alleges Are Securities
SEC Commissioner Explains Why the Regulator Has Not Created Crypto Rules. According to Peirce, the regulator’s current approach will take 400 years to go through all the cryptocurrencies it alleges ar...
CZ alleges FTX paid $43M to news organization to publish Binance FUD
Binance CEO Changpeng (CZ) Zhao alleged during a Twitter space talk that FTX paid $43 million to a crypto news outlet that regularly publishes negative articles on Binance, CZ claimed that traders wit...
SEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security
In this case, the agency said that despite MNGO’s labeling as a “governance token,” it “was purchased and sold as a crypto asset security.” Its holders had expectations of profit and “entered into a c...
FTX U.S. channeled business to S&C, alleges former Chief Regulatory Officer
Former FTX legal counsel accused the firm’s U.S. general counsel of channeling business to S&C. S&C allegedly served as personal counsel to Sam Bankman-Fried and another key FTX executive. For...
Once Reluctant, Scaramucci Alleges FTX’s Sam Bankman-Fried ‘Committed Fraud’
Crypto exchange FTX (FTT/USD) bought a 30% stake in SkyBridge Capital in September before the crypto company filed for bankruptcy in November. SkyBridge’s founder Anthony Scaramucci said the inv...
SEC Alleges CoinDeal Being 45 Mn USD Fraudulent Scheme; Charges Eight Individuals and Entities
The accused promised return on investment up to 500,000 times Investigation is still going on by the financial authority officials The United States Securities and Exchange Commission (SEC) recently ...
LastPass data breach led to $53K in Bitcoin stolen, lawsuit alleges
A class-action lawsuit has been filed against password management service LastPass following a data breach from Aug. 2022. The class action was filed with the United States district court of Massachus...
3AC founder Zhu Su alleges DCG and FTX caused the fall of LUNA and STETH
Seven months down the line, 3AC founder, Zhu Su, has come out openly to blame Digital Currency Group (DCG), the parent firm behind Grayscale Investments and Genesis Trading, for the collapse of Terra....
3AC Co-Founder Su Zhu Alleges DCG and FTX Conspired to Attack LUNA and stETH
Three Arrows Capital co-founder Su Zhu alleged on Twitter that DCG and FTX conspired to attack LUNA and stETH. He accused them of engaging in misdirection. Su Zhu, a co-founder of the bankrupt fallen ...
Tesla told employees not to complain to managers about pay, labor director alleges
Electric-vehicle maker Tesla Inc. ran afoul of the law when the company told employees at an office in Florida not to complain to higher-ups about pay or discuss things like hiring, a U.S. labor board...
Dutch Bitcoin Exchange Bitvavo Alleges Digital Currency Group Is Having ‘Liquidity Problems’
Dutch cryptocurrency exchange Bitvavo says it has 280 million Euros ($297 million in USD) stuck with Digital Currency Group (DCG), or 17.5% of the $1.6 billion Euros Bitvavo says it manages in deposit...