United States

Crypto / Digital Assets

Crypto Focused Bank Silvergate to Enter Into Liquidation

By Editors | 09/03/2023

Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.

Crypto / Digital Assets

NYAG Files Lawsuit Against Crypto Platform KuCoin

By Editors | 09/03/2023

In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.

Crypto / Digital Assets

Court Allows Binance.US to Buy Voyager Despite SEC Objection

By Editors | 09/03/2023

The court said the SEC’s objection was “vague”, that it failed to present any evidence, and that it should not have waited until the last minute to raise its concerns.

Fintech / Regtech

FIA to Form New Global Taskforce in Response to ION Outage

By Manesh Samtani | 08/03/2023

The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.

AML / KYC

US SEC Fines Rio Tinto Over Bribery Scheme Involving Guinea Mining Rights

By Manesh Samtani | 08/03/2023

Rio Tinto paid a former classmate of a Guinean government official for helping it secure mining rights. The consultant later attempted to pay $822,000 to the official.

Crypto / Digital Assets

FTX’s Alameda Sues Grayscale for Trapped Crypto Assets

By Manesh Samtani | 08/03/2023

Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.

Crypto / Digital Assets

US Court Authorises Emergency Freeze on Crypto Hedge Fund Assets

By Editors | 08/03/2023

BKCoin and one of its co-founders commingled client money and used some make “Ponzi-like payments” to other investors.

Enforcement

Singapore Police are Investigating Terraform Labs – Report

By Editors | 06/03/2023

Singapore police confirmed “ongoing” investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.

Crypto / Digital Assets

Crypto Focused Bank Silvergate Edges Towards Closure

By Manesh Samtani | 06/03/2023

Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.