In a recent CoinDesk article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy of the allegations. Journalistic uncertainty In...
In a surprising twist to the ongoing regulatory battle between the Securities and Exchange Commission (SEC) and Binance, lawyers for the crypto exchange have alleged that SEC Chair Gary Gensler offered to serve as an advisor to Binance’s parent company in 2019. This...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has reportedly begun laying off employees. The news was first reported by Wu Blockchain on Twitter, who cited multiple sources confirming the layoffs. Binance, which employs approximately 8,000...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Core Scientific, a bankrupt bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network. The latest development has resulted...
South Korean prosecutors have revealed that former Terra CEO Do Kwon has millions of dollars stashed in a Sygnum bank account. The Seoul Southern District Prosecutors’ Office’s Financial Securities Crime, Joint Investigation Division, made the revelation at an April 25 press conference. It...
After the Customer Contract Decision, the bankruptcy partner at McCarter & English, LLP, David Adler, announced that Celsius is adjusting its timetables. Apr. 28, 2023, is the new cutoff, also called the Bar Date. Because of this amendment, it is now possible for creditors to...