Binance embarked on a plan to disarm U.S. authorities out of fear of prosecution, claims a new report by The Wall Street Journal. The paper alleges that Binance was prepared to defuse the risk of pot...
Tag: operated
Merit Peak, firm at heart of Reuters report, operated on Binance.US, exchange admits
Binance.US, the U.S. affiliate of the world’s largest crypto exchange, acknowledged that a market making firm called Merit Peak, which is alleged to have secretly received $400 million from the exchan...
Court-appointed examiner confirms Celsius operated as a Ponzi
An independent U.S. court-appointed examiner reported that Celsius had used customers’ deposits to prop up the CEL token and enrich two of the company’s founders. The report by former prosecutor Shoba...
Celsius Was Operated in a Ponzi-Like Manner: Report
Key Takeaways Celsius used customer funds to pump the price of its CEL token. It also used new deposits to fund customer withdrawals. Celsius CEO Alex Mashinsky and other Celsius executives cashed out...
FTX Greenlighted to Sell 4 Independently Operated Subsidiaries
The Bankruptcy Court of Delaware has approved bidding procedures for four of FTX’s independent solvent subsidiaries in an attempt to generate money to repay the creditors. In Thursday’s hearing, Judge...
Former FTX users say the failed crypto exchange was a ‘Ponzi scheme.’ Here’s how those work, and what we know about how Sam Bankman-Fried operated
Until recently, Sam Bankman-Fried, or SBF, was crypto’s golden boy, known for building his cryptocurrency exchange, FTX, into a $32 billion giant in just two years. But the disheveled, left-leaning 30...
It’s Been 50 Years Since the Air Force Last Operated a Single Engine Tail-Dragger. How Will It Train New OA-1K Pilots?
The L3Harris/Air Tractor AT-802U Sky Warden, now formally called the OA-1K by the Air Force, on … [+] display at the 2022 Special Operations Forces Industry Conference (SOFIC) in Tampa Bay, FL. ...
Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’ – Bitcoin News
On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives ...
Here’s How Celsius Operated As a ‘Shadow Bank’, Will It Ever Return Money to Depositors?
On Wednesday, July 13, crypto lender Celsius filed for Chapter 11 bankruptcy claiming that the company will proceed with reorganization and protect its customers’ interests. However, some dark details...
Operated By Aave, Lens Protocol Finally Goes Live On Polygon Blockchain
Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet. Lens Protocol was first introduced in February 2022. Aave decided ...
Apple and Google criticize the new EU Digital Markets Act that will radically change the way they have operated for the past 20 years
A new landmark EU law that will force Big Tech to open up their services and level the digital playing field has been criticized by Apple and Google. The new Digital Markets Act, passed into law late ...
Bitcoin Bad? Leaked Documents Allege Credit Suisse Operated Accounts of Criminals
Recently leaked documents allege that the giant private bank Credit Suisse had held hundreds of billions of dollars of clients alleged or involved in drug trafficking, corruption, torture, money laund...
TEADAO: Online decentralized bank operated by a DAO
The world of decentralized finance has become more and more complex over the last year. Models that were quite simple a year ago now try to compete with the most complex traditional banking systems wh...