— Binance
Binance admits it commingled customer funds with token reserves
Binance failed to separate reserves for its pegged "B Tokens" and instead commingled them with client funds.
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Crypto skeptic Janet Yellen dismisses $1 trillion coin as a gimmick
The rumor is false: Treasury Secretary Janet Yellen will not tell the US Mint to release a $1 trillion coin to sell to the Federal Reserve.
Not financial advice: Three words crypto execs love to abuse
Cryptocurrency advocates claim to not be giving financial advice, while advising people on financial actions they should take.
New York issues fresh guidance to tackle FTX-style commingling
The move comes after the collapse of Sam Bankman-Fried's FTX and trading firm Alameda left clients billions of dollars out of pocket.
— Crypto
BBC chair linked to Russian crypto firm faces inquiry over BoJo loan
Richard Sharp has backed an investigation into claims that he arranged an £800,000 loan to Boris Johnson before his appointment as BBC chair.
— Crypto
US banks pressured to sever ties with crypto companies
US regulators “have so many levers they can pull” that most banks would find it impossible to work in crypto, a banking exec told Protos.
Why couldn’t Huobi admit Justin Sun helps run the crypto exchange?
It’s official: Justin Sun helps run Huobi and is a major shareholder. But why did it take this long for the company to admit it?
The Weekend Shift: Bitcoin, Bankruptcy, Bored Apes
The most interesting reads, podcasts, charts, and opinions from the internet this weekend — curated for you by the Protos newsroom.
Genesis files for chapter 11 bankruptcy as Winklevii threaten DCG lawsuit
Genesis Global has voluntarily filed for bankruptcy, along with its crypto lending arm, as parent firm DCG faces rising financial distress.
Yuga Labs faces plenty of problems as lawsuits, probes, and hacks mount
Amid mounting lawsuits and customer data leaks, Yuga Labs has sold millions of dollars worth of it Sewer Pass for users to... play in faeces.