Viewpoint: It’s A Wonderful Life’s Lessons Ring True in BlockFi Bankruptcy December 6, 2022 By Jonathan Reid Reich We are heading into the holiday season. It’s a Wonderful Life will be on television. And cryptocurrency bankruptcies will be...
DOJ Watchdog Seeks Independent Review of FTX Bankruptcy December 2, 2022 By Dietrich Knauth The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange...
FTX Was Run as ‘Personal Fiefdom,’ Faces Hacks and Missing Assets: Attorneys November 23, 2022 By Dietrich Knauth, Tom Hals and Tom Wilson FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in...
NBA Champion Golden State Warriors Are Sued Over FTX Collapse November 22, 2022 By Jonathan Stempel The Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions...
‘Wave’ of Lawsuits Over FTX Expected, but Investors Will Face Legal Hurdles November 18, 2022 By Jody Godoy A lawsuit by FTX account holders in the United States is likely the first of many that will be brought...
The Spectacular Fall of FTX: Considerations About Crypto Custody and Insurance November 15, 2022 By Jonathan Reid Reich The FTX crypto exchange (and more than 130 affiliates) filed for bankruptcy in Delaware. FTX was recently valued at $32...
Elon Musk $258 Billion Dogecoin Lawsuit Expands September 8, 2022 By Jonathan Stempel The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded,...
Federal Reserve Issues Guidance for Banks Considering Crypto Activities August 17, 2022 By Pete Schroeder and Hannah Lang The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify...
U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash August 8, 2022 By Christopher Bing and Daphne Psaledakis The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from...
FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance August 1, 2022 By Pete Schroeder A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which...