“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.
October 20, 2023The CFTC and FTC filed parallel actions alleging Stephen Ehrlich misled customers and caused more than $1bn in losses to Voyager customers.
October 13, 2023The co-founder was jailed for not cooperating with the liquidator's effort to recover funds to return to the creditors of the collapsed hedge fund.
October 3, 2023For 2023 and 2024, MAS will prioritise enforcement in the digital asset ecosystem as well as regulatory compliance by asset and wealth managers.
September 20, 2023MAS reprimanded the bankrupt crypto hedge fund for regulatory violations last June. The regulator has since uncovered additional violations.
September 15, 2023The DOJ is prepared to allow the deal to proceed, provided that the contentious elements be put on hold pending a legal appeal.
April 24, 2023The acquisition of Voyager by Binance.US is being appealed by the DOJ. Creditors say the deal must be consummated by 13 April or they stand to lose $100mn.
April 5, 2023The 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.
March 9, 2023Singapore police confirmed "ongoing" investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.
March 7, 2023Angela Ang looks back at digital asset developments in 2022 in Singapore, and ahead to what to expect in 2023.
January 18, 2023