Prime Trust halts withdrawals and deposits as acquisition fails
Prime Trust has closed deposits and withdrawals after receiving a cease and desist from Nevada as BitGo pulls out of its acquisition.
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Tether bought commercial paper from subsidiary of alleged terrorist-linked bank
Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.
Scoop: TrueUSD pauses attestations amid Prime Trust issues
The real-time attestations for TrueUSD have again been paused, citing issues with balances preventing the attestation from being generated.
Scoop: European states working with SEC on Binance investigation
Protos has been told that several European countries have been spurred into action after Binance was indicted by the SEC earlier this month.
Here’s what new Tether documents reveal about its reserves
Documents obtained by CoinDesk and Bloomberg shed additional light on Tether reserves, showing the issuers of its commercial paper.
Twitter Spaces host Mario Nawfal’s dubious crypto dealings
Mario Nawfal is one of the most popular Twitter Spaces hosts yet he allegedly operates and promotes dubious crypto schemes.
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.
80% of all BUSD ever created has been burned — how long can it last?
With BUSD's market cap at $4.5 billion, it looks to be just a matter of time before the former top-three stablecoin vanishes completely.
Latest round of DeFi exploits display its wide range of vulnerabilities
Threats against DeFi protocols can come from all sides and include hackers, governance attacks, and potentially vulnerable third-party code.
— Binance US, Crypto
Prime Trust delays withdrawals, spooks Binance US, Swan users amid acquisition
Depositors at Binance and Swan Bitcoin have accused Prime Trust of delaying withdrawals amid bank run fears and a buyout by BitGo.