US Investigating FTX Empire Over Handling Of Customer Funds: Report
US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.SEC, CFTC reportedly probing FTX over handling of customers’ funds.Investigations also relate to lending.SEC probe reportedly predates Binance’s acquisition of FTX.U.S. financial regulators have apparently been actively following the carnage that’s ensued in cryptocurrency markets over the past couple of days.According to a report by Bloomberg, people familiar with the matter said the Securities and Exchange....
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The American Empire is handling Bitcoin as well as the British Empire handled America.
PRESS RELEASE. Abu Dhabi, UAE – Empire Token’s flagship utility, the Empire NFT Marketplace, is now live on the Ethereum mainnet. The Ethereum Blockchain is a global computing platform and operating system which can be used to create decentralized services and applications. Fortunately, the bright future of this blockchain now has Empire on its side. NFT creators and traders can now use Ethereum coin and Ethereum based tokens to mint and trade NFTs on the Empire NFT Marketplace. Projects that are powered by Ethereum may include anything from smart contracts, voting systems,....
Bitcoin startup Purse said today that 10.235 BTC (roughly $2,500) in customer funds were stolen over the weekend during a security incident. Eleven customers had their accounts emptied, according to Purse representatives, who reported they had covered the bitcoins withdrawn with company funds. Claims that funds were stolen first emerged over the weekend, with customers reporting that they had received emails about password resets and withdrawals. Purse.io's website was later taken offline for several hours. The bitcoin-focused e-commerce company said on 11th October that it believed one of....
In an exclusive report published Saturday on Reuters, the question as to how Mt. Gox handled customer money before their catastrophic downfall in February 2014. Interviews with current and former employees of the company indicated that by 2012 (before the tremendous growth of bitcoin to over $1,000 per unit in late 2013), they became worried that the company might be spending customer funds to cover operational costs which were rising with bitcoin's increased popularity. The report also indicates that Mt. Gox spent customer money on renting office space in the same tower that houses Google....
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Terraform Labs and the collapse of algorithmic stablecoin terrausd (UST). “SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules.”
SEC Launches Investigation of Terraform Labs and UST
The U.S. SEC is investigating Terraform Labs and its algorithmic stablecoin terrausd (UST), Bloomberg reported Thursday, citing people familiar with the matter.
UST lost its peg to the U.S. dollar in early May. The stablecoin quickly lost....