FTX trial: FTX used billions in customer funds for Binance stake buyback
FTX is accused of using customer deposits to repurchase Binance stake. An accounting professor hired by the US Department of Justice reveals over a billion dollars came from customer funds…
Binance moved $1.8B of customer funds in a move similar to FTX: report
Binance reportedly moved the funds between August and December 2022. A Forbes report claims Binance sent the money to various hedge funds and platforms, including Cumberland, Alameda Research and Tron.…
Wyre limits withdrawals to 90% of customer funds
Wyre will allow its customers to withdraw only 90% of their funds. The company said the move is to allow it to navigate the current market conditions. Wyre’s CEO has…
Celsius to return customer funds as January auction attracts 30 bidders
Celsius Network is set to hold auctions for its assets in January 2023. 30 potential bidders have already signed non-disclosure agreements. The crypto lender has also been given a green…
The SEC should extend customer protection to crypto, says Stifel’s CEO
Ron Kruszewski has urged the United States Securities and Exchange Commission (SEC) to extend customer protection to crypto. Ron Kruszewski, the CEO of Stifel Financial, has called on the US…