The FTX collapse raises thousands of unanswered questions regarding cryptocurrency; some call this a fraud and others call it a scam but what exactly happened is not clear yet. According to a media ou...
Tag: misuse
Bankman-Fried lieutenant alerted regulators to misuse of customer funds
One of Sam Bankman-Fried’s top lieutenants told Bahamian authorities that customer funds from the firm were used to plug holes in the balance sheet of his investment fund, Alameda Research. In a...
FTX and Alameda Executives Including Sam Bankman-Fried Were Aware of Customer Funds Misuse: Report
A new report claims executives of FTX and Alameda Research were aware that their customers’ funds were being mishandled. According to the Wall Street Journal, anonymous sources familiar with the matte...
WazirX Says Not Responsible For User Misuse If Any, Amid Binance Spat
In the wake of Binance announcement on ceasing off-chain fund transfer channel with WazirX, the Indian exchange issued a statement. Last week, founders of both the companies have publicly spoken about...
Morgan Stanley Misuse of Personal Devices Costs $200 Million
(Bloomberg) — Morgan Stanley said it expects to pay a $200 million fine related to a broad US investigation into the use of unapproved personal devices. Most Read from Bloomberg That amount is b...
Blockchain Analytics to Help Curb Crypto Misuse, Says HashCash CEO
Since the crypto industry is growing at a frantic pace, blockchain analytics can help fill the void of curbing money laundering and cybercriminal activities, according to Raj Chowdhury, the CEO of Has...
FBI Forms New ‘Virtual Asset Exploitation Unit’ To Fight Criminal Misuse of Crypto Assets
The U.S. Federal Bureau of Investigation (FBI) is launching a new unit devoted to fighting the criminal misuse of cryptocurrency. According to a press release from the Department of Justice (DOJ), the...