The SEC filed a lawsuit against Ripple Labs Inc., the firm behind the XRP cryptocurrency, in December 2020, saying that the company engaged in an unregistered securities offering of XRP for $1.38 bill...
Tag: Mishandling
Did SBF Admit to Fraud and Mishandling Users’ Funds on Twitter?
Details remain unclear, but Sam Bankman-Fried (SBF) may have unintentionally admitted to fraud during a recent live Twitter space. Now, a ‘whistleblower’ is claiming to know more about FTX and Alameda...
US Regulators Probing FTX and Alameda Research Over Potential Mishandling of Customer Funds: Report
US financial regulators are reportedly investigating embattled crypto exchange FTX and whether it mishandled its customers’ funds. According to a report by Bloomberg, FTX and its trading arm Alameda R...
Binance Walking Away From FTX Deal After Seeing Books, Reports of Mishandling Funds
Key Takeaways Binance may abandon its deal to acquire FTX, according to reports. Yesterday’s news that Binance would acquire its most relevant competitor sent markets reeling. The idea of the de...