Exchanges

US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request was made in an April 12 letter and aims to shed light on potential regulatory failures following Bankman-Fried’s recent 25-year

The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury recently commended crypto exchange Coinbase for its crucial role in aiding major criminal investigations. Through a letter addressed to Coinbase CEO Brian Armstrong, FinCEN emphasized the digital currency exchange’s commitment to compliance and reporting practices that have been instrumental in supporting law

Recently, a Nigerian High Court in Abuja made a significant decision to remand the detained Binance executive, Tigran Gambaryan, in prison. This decision came after the postponement of his bail hearing. Gambaryan, who is a US citizen, pleaded not guilty to money laundering charges and will not be released until his bail hearing on April

FTX creditors have expressed strong disapproval towards the decision made by the bankrupt crypto exchange to sell its Solana holdings at a significant discount to crypto venture firms. Selling 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and Galaxy Trading, which is a 62% markdown from the current

The recent court hearing involving crypto exchange Binance in Nigeria on April 4 raised eyebrows due to the absence of legal representation. Instead, only the compliance chief, Tigran Gambaryan, was present, who has been detained by the Nigerian government since February. Despite expectations for the case to move forward, the Nigerian High Court decided to

KuCoin has recently faced legal challenges with US authorities, leading to a significant decline in user assets on the exchange. The latest proof-of-reserve certificate revealed that users’ Bitcoin holdings decreased by 25.4% to 12,114 BTC in March, with Ethereum balances plummeting by approximately 22% to around 112,000 ETH. Similarly, the amount of Tether’s USDT held

Coinbase CFO Alesia Haas recently expressed her belief that Ethereum (ETH) should not be classified as a security. In an interview with Fortune, she highlighted that both the SEC and the CFTC have previously stated the same opinion. Haas attributed the uncertainty surrounding Ethereum’s classification to the absence of clear regulatory guidelines for cryptocurrencies in

CFTC Commissioner Caroline Pham recently expressed concerns regarding the agency’s charges against KuCoin and their potential infringement on the duties of the SEC. Pham, while acknowledging the enforcement action as aggressive and commending the Division of Enforcement for it, raised important questions about certain aspects of the allegations. She pointed out that the complaint seems

The US and UK governments have teamed up to conduct a thorough investigation into crypto transactions valued at over $20 billion that are suspected of flouting Russian sanctions. The transactions, believed to have been funneled through the Russia-based crypto exchange Garantex, are allegedly aimed at circumventing international sanctions and potentially supporting military operations in Ukraine.

KuCoin, a prominent crypto exchange, recently witnessed a significant surge in withdrawal requests after the US authorities leveled criminal charges against the platform. Various on-chain analytics firms documented a surge in withdrawals across different categories of traders, including whales, funds, smart money, and market makers. Withdrawal Details and Amounts Data from SpotOnChain reported withdrawals totaling