PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiar...
Tag: Commingled
FTX Digital Markets commingled client funds, Bahamian liquidators say
Legal • February 16, 2023, 11:23AM EST FTX Digital Markets, the crypto exchange’s Bahamian entity, commingled customer and corporate funds, according to a report filed in court earlier this month. ...
Binance Commingled Customer Funds With Reserve Assets
Binance admitted that it keeps collateral for its BNB Smart Chain and BNB Beacon Chain versions of 94 crypto assets in the same wallet as customer funds amid uncertainty around its recent audit. Accor...
Binance admits it commingled customer funds with token reserves
Listen to this article. Crypto exchange Binance has acknowledged that it failed to keep backing for dozens of tokens issued on Binance Smart Chain separate, and instead commingled it with customer fun...
Gemini founder claims Genesis and DCG are ‘beyond commingled’, gives deadline
Cameron Winklevoss states that Genesis Global has been “engaging in bad faith stall tactics” The crypto lending arm of DCG has been refusing to meet with Gemini to solve problems regarding user funds ...
New FTX CEO Says Exchange Commingled Assets in Congressional Testimony
FTX’s newly appointed CEO John Ray acknowledges the exchange commingled assets in Congressional testimony set to be delivered Tuesday. “Some of the unacceptable management practices at the FTX G...