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...

New York issues fresh guidance to tackle FTX-style co-mingling

Crypto companies will be forced to keep customer assets separate from company assets under new guidance due to be published by the New York State Department of Financial Services (NYDFS). As reported ...

Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November

Ryan Salame, the co-chief executive of FTX’s Bahamas entity, called FTX Digital Markets, told the Bahamas Securities Commission on Nov. 9 that “clients’ assets which may have been held wit...