Crypto Industry News

US Department of Treasury Office of Foreign Asset Control has settled the deal with the crypto exchange Kraken for Iran sanctions violation. The U.S.-based exchange Kraken is obliged to pay the Treasury $362,158.70 for a failure to provide the services for Iranian citizens: “Although Kraken maintained controls intended to prevent users from initially opening an […]

Crypto bank Silvergate Capital stated less than $20M exposure to newly-bankrupt lender BlockFi. In the blog post from Nov. 28, the company officials claim: BlockFi is not a custodian for Silvergate’s bitcoin-collateralized SEN Leverage loans, which to date have continued to perform as expected with zero losses and no forced liquidations. Silvergate has no investments […]

Now bankrupt crypto lender BlockFi filed a suit over Robinhood stocks bought by former FTX CEO Sam Bankman-Fried, citing it was pledged as collateral earlier in November. The suit was filed on the same day in the same court in New Jersey on Nov. 28, when crypto lender BlockFi filed for Chapter 11 bankruptcy. Allegedly, […]

In the aftermath of the FTX collapse, several U.S. states, including Alabama, opened an investigation of Genesis Global, the lender of paused Genesis Trading, on securities violations and crypto firms’ interconnection. As reported by Barron’s, Alabama’s Security Commission director Joseph Borg said, “his agency and those of several other states are part of the inquiries, […]

Justin Sun, the founder of Tron and Huobi’s global advisory board member, spoke out about the possible merger of the two companies in the near future. Earlier today, Chinese crypto journalist Colin Wu tweeted that Poloniex would merge with Huobi: The Poloniex exchange, which Justin Sun acquired from Circle in 2019, will merge with his […]

Matrixport, one of the biggest lenders in Asia, founded by Bitmain mining hardware CEO Jihan Wu, is seeking a $100M investment at a $1.5B valuation despite the market turmoil. The firm confirmed the information via its official Twitter account, referring to Bloomberg news posted today. Matrixport already has commitments from the leading investors amounting to […]

Changpeng Zhao, Binance’s founder and CEO, shared in a Bloomberg interview firm’s plans for the crypto industry recovery, a bid for Voyager, and he also unruled the possibility of acquiring FTX assets. СZ shared his views with a Bloomberg reporter on whether contagion in the market will keep pace following the collapse of a big […]

Dutch authorities decided to leave Alexey Pertsev, a developer of Tornado Cash mixer, in detention until Feb. 20. 2023, due to potential flight risk. On Aug. 12, Dutch authorities arrested Alexey Pertsev following the decision of OFAC, the U.S. Office of Foreign Asset Control, to ban Tornado Cash. A mixer is supposedly related to criminal […]

Bo Chen, the founder of the first venture firm in Asia, Fenbushi Capital, announced on Twitter a hack of his wallet. Hackers stole stablecoins, BTC, and ETH worth $42 million. According to Chen’s Twitter thread, the hack happened on November 10. Hackers stole his personal wallet details, resulting in a loss of 38.233.180 $USDC, 719.760 […]

FTX founder Sam Bankman-Fried sent a letter to his former colleagues, citing his regret and shedding light on details of the firm’s collapse. Sam resigned as the CEO of FTX on Nov 11, following the filing for Chapter 11 bankruptcy in the United States. Since then, SBF made a series of bold statements during the […]