Regulators say crypto lender Abra is insolvent and lied about FTX exposure
Abra has supposedly directed investors to open accounts at Prime Trust, despite the firm lacking a money transmission license in Texas.
Bennett Tomlin
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Banq alleges founder stole assets to start crypto custodian Fortress
Banq currently has around $5,000 in cash on hand but hopes that pursuing Scott Purcell can result in a recovery that will hand it $9 million.
SEC claims Binance spent commingled funds on $11M yacht
Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.
SEC lawsuit: What’s next for Binance?
The SEC has brought a lawsuit against Binance, alleging it mishandled customer funds, sold unregistered securities, and failed to register.
Wyre’s corporate entities are in disarray but it may still be serving Binance US
Wyre is a payment processor used by crypto firms but its legal terms reference one company that's dissolved and another that's liquidated.
Tether invests in energy production in Uruguay to mine bitcoin
Tether is following in the footsteps of Bitfinex operator iFinex, which has previously invested in bitcoin mining efforts led by Blockstream.
‘Giancarlo’ keys managed poorly says post-hack Bitfinex security report
The Ledger Labs security report on the 2016 Bitfinex hack reportedly claims that the 'Giancarlo' and 'admin' keys were on the same device.
Founder of crypto exchange BTC-e eyes prisoner swap with WSJ journalist
Alexander Vinnik, the co-founder of BTC-e, is reportedly optimistic about a prisoner swap with captured journalist Evan Gershkovich.
Binance commingled funds at Silvergate: Reuters
Binance allegedly commingled client and corporate funds across accounts controlled by Silvergate Bank, according to a new report by Reuters.
CoinDeal executive indicted in $45M crypto fraud
Bryan Lee has been indicted for his role in the $45 million CoinDeal fraud scheme which saw investor funds used to purchase real estate.