The insolvent crypto brokerage firm Voyager has been contacted by both the Federal Reserve and Federal Deposit Insurance Corporation (FDIC). Both bodies have demanded that the company correct all misl...
Tag: misleading
US watchdogs order Voyager Digital to stop making misleading insurance claims
The U.S. Federal Reserve (FED) and Federal Deposit Insurance Corp (FDIC) have ordered Voyager Digital to desist from making false and misleading claims about its insurance status to customers. In a jo...
US Regulators Order Voyager to Remove Misleading Statements
The Federal Reserve and the Federal Deposit Insurance Corp have sent a letter to crypto-broker Voyager Digital, asking it to remove false and misleading statements regarding FDIC insurance and coverag...
Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers
“Voyager has made various representations online, including its website, mobile app, and social media accounts, stating or suggesting that: (1) Voyager itself is FDIC-insured; (2) customers who ...
Embattled Crypto Firm Voyager Dismisses FTX’s Early Cash-Out Proposal, Says Offer ‘Highly Misleading’ at Best
Embattled crypto exchange platform Voyager Digital is rejecting FTX’s early buyout offer, according to new court documents. Voyager filed for bankruptcy earlier this month, citing a massive $650 milli...
Alameda proposal has misleading false claims
The firm contended that the arrangement to offer clients liquidity on their assets secured on the stage would hurt clients however benefit AlamedaFTX The buyout proposal from Alameda and FTX seems to ...
Voyager filing says FTX, Alameda proposal has ‘misleading or outright false claims’
In legal documents filed Sunday, Voyager representatives described a proposal by crypto exchange FTX and sister firm Alameda to offer liquidity to Voyager’s beleaguered customers as “misle...
Voyager Says FTX’s Buyout Offer Was Misleading “Low-Ball Bid,” SBF Fires Back
Key Takeaways Voyager’s bankruptcy lawyers have responded to FTX’s buyout proposal to purchase the exchange’s assets and give customers instant liquidity by describing the offer as h...
Voyager rejects FTX ‘low ball’ offer, calls it ‘misleading’
Struggling crypto lender Voyager Digital rejected FTX’s offer to buy all its assets and refund customers in a July 24 letter due to it being a “low-ball” offer that may “hurt customers.” FTX’s liquidi...
China’s messaging app WeChat seeks to ban misleading crypto promotion
Following China’s most popular instant messaging and calling app WeChat banning all cryptocurrency-related accounts in the midst of the Chinese government’s crypto crackdown, the messaging app is now ...
Elon Musk pulls out of Twitter deal amid “false and misleading” information from Twitter
Tesla CEO and Dogecoin superfan Elon Musk has pulled out of his $44 billion deal with Twitter citing concerns over “false and misleading representations.” One of the key concerns was a lack of data av...
MAS Reprimands 3AC for ‘Misleading Information’
The Monetary Authority of Singapore slams hedge fund Three Arrows Capital for misinformation and exceeding the maximum value of assets under management for a registered fund management company. This l...
Gemini Sued Over Allegedly Misleading BTC Derivatives Data
The Commodity Futures Trading Commission (CFTC) has announced a new lawsuit against the Gemini Exchange in New York. The agency is accusing the crypto platform of providing misleading information so i...
Chainalysis tips Australia will crack down on misleading crypto ads
Chainalysis head of international policy Caroline Malcolm expects Australia’s new rules governing crypto advertising, promotion and consumer safeguards to follow a similar path to the United Kingdom w...
How is Australia going to suppress the misleading crypto ads in the region?
Crypto ads play a crucial role when it comes to influencing even ordinary people towards crypto and digital assets but they can be fatal if they are false Recently head of International Policy at prom...
Lawsuit Filed Against Terraform Labs & Founder Alleging The Parties Of Misleading Investors
A lawsuit filed by an Illinois-based plaintiff alleges parties related to Terra including Do Kwon and the Luna Foundation Guard misleading investors that all Terra tokens (including UST and LUNA) are ...
Do Kwon and Terraform Labs Sued for Misleading Investors
In a lawsuit filled with promises from Do Kwon, the Luna Foundation Guard, and other Terra-related entities, an Illinois-based plaintiff has alleged that all parties involved misled investors about wh...
Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors – Bitcoin News
Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). ...
Investors Hit Binance.US With Class Action Lawsuit for Allegedly Misleading Customers About TerraUSD (UST)
Investors are filing a class-action lawsuit against Binance’s American arm, Binance.US, for allegedly falsely advertising investments in the algorithmic stablecoin TerraUSD (UST) as “safe.” Last month...
Binance US sued for misleading advertising about UST
Roche Freedman and Dontzin Nagy have filed a class action lawsuit against Binance US in federal court in San Francisco. They will launch similar actions against Coinbase, Kraken and Gemini in the comi...
Class Action Suit Accuses Binance.US Of Securities Fraud For Misleading LUNA/UST Investors ⋆ ZyCrypto
Advertisement     A group of unhappy investors of Terra tokens is bringing a class action lawsuit against Binance.US, the American arm of the world’s largest crypto ex...
Binance.US Accused of Misleading Investors in Class Action Lawsuit Over Terra
The suit, which was filled by U.S.-based law firm Roche Freedman LLP, alleges that Binance.US marketed Terra’s dollar-based UST as more stable than it actually was. According to the suit, when UST and...
CFTC accuses Winklevoss-owned crypto exchange Gemini of misleading statements in new lawsuit
The Commodity Futures Trading Commission has sued Gemini, the crypto exchange owned by Cameron and Tyler Winklevoss. In a statement Thursday, the CFTC said it sued Gemini for “making false or mi...
CFTC Sues Gemini for ‘False or Misleading Statements’ Over BTC Futures
The United States Commodity Futures Trading Commission (CFTC) has filed charges against Gemini alleging that the exchange filed false or misleading statements relating to its bitcoin futures product. ...
Computer Scientists Say Crypto Industry Is Misleading the Public About Blockchain Technology: Report
A group of technology experts is calling upon officials in Washington to crack down on what they believe to be misleading lobbying from the crypto industry. According to a report from The Financial Ti...
SEC unveils rules to prevent misleading claims by ESG funds
Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images The Securities and Exchange Commiss...
3 red flags that signal a crypto project may be misleading investors
Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much as a trace. Over the year...
Consumers Aren’t OK. Why April Retail Sales Are Misleading.
Walmart sales climbed in the first quarter from a year ago, but flat transaction numbers suggest inflation drove the gain. Here, a Walmart in San Leandro, Calif., last year. David Paul Morris/Bloomber...
Tesla investors say a judge found Elon Musk’s ‘funding secured’ tweet was misleading
In court documents filed late Friday, a group of Tesla shareholders said a federal judge recently ruled Elon Musk made “false and misleading” statements in 2018 when he said he was considering taking ...
Beware Misleading Recession Forecasts—But Be Prepared
The risk of recession is increasing getty People are worrying about recession with good reason: inflation is up, interest rates are rising and the Ukraine war hurts the global economy. But the scary h...