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US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudule...
Aug, 08, 2024
by Bitcoin News
WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming

WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming

Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath...
Jul, 29, 2024
by CoinDesk
BlockFi Administrator Submits Plan in Court to Make Customers Whole

BlockFi Administrator Submits Plan in Court to Make Customers Whole

"This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Ad...
Jul, 23, 2024
by CoinDesk
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, a...
Aug, 25, 2023
2 min read
by Bitcoin News
Double Standards in Finance: SBF’s Legal Troubles Spark Concerns

Double Standards in Finance: SBF’s Legal Troubles Spark Concerns

Cryptocurrencies and DeFi have shaken up the world of finance, but the spotlight on Sam Bankman-Fried (SBF), the mysterious FTX founder, has raised...
Jul, 29, 2023
3 min read
by Bitcoin News