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VOICE ARCHIVE

Andrew

@ap_abacus
37 posts
2023-10-20
Lawsuit claims Barry Silbert and Michael Moro of DCG made false claims regarding their financial condition to hide $1B shortfall. **I'd imagine something like this compelled the NYAG to take action: [image]
2023-10-20 View on X
Fortune

New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+

and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto ...

UPDATE: NYAG sues DCG, Genesis, Gemini over lending programs. - lawsuit is in addition to SEC inquiries for all three firms. - adds to DOJ investigations for DCG and Genesis. - adds to Barry Silbert/DCG lawsuit filed by Gemini and Winklevoss twins accusing Barry of fraud....
2023-10-20 View on X
Fortune

New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+

and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto ...

2023-10-19
Lawsuit claims Barry Silbert and Michael Moro of DCG made false claims regarding their financial condition to hide $1B shortfall. **I'd imagine something like this compelled the NYAG to take action: [image]
2023-10-19 View on X
Fortune

New York AG Letitia James sues the Winklevoss' Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+

New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis …

UPDATE: NYAG sues DCG, Genesis, Gemini over lending programs. - lawsuit is in addition to SEC inquiries for all three firms. - adds to DOJ investigations for DCG and Genesis. - adds to Barry Silbert/DCG lawsuit filed by Gemini and Winklevoss twins accusing Barry of fraud....
2023-10-19 View on X
Fortune

New York AG Letitia James sues the Winklevoss' Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+

New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis …

2023-06-08
If you think Gensler cares about the “2019 almost Binance advisor role” news... ...then you don't understand the game being played here. **how many times has ‘friendly media’ (CNBC, Bloomberg) asked him about Sam and FTX? Nearly zero. **it's a big club, and they don't want... https://twitter.com/...
2023-06-08 View on X
CNBC

Court filings: Binance's lawyers allege SEC Chair Gary Gensler offered to be an advisor to the company in March 2019 when he was teaching at MIT Sloan

- According to a new filing from Binance's lawyers, SEC Chair Gary Gensler offered to be an advisor to the crypto exchange in 2019.

2023-06-07
SEC complaint is 101 pages long: https://storage.courtlistener.com/ ...
2023-06-07 View on X
Bloomberg

A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal

SEC v. Crypto  —  “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …

2023-06-06
SEC complaint is 101 pages long: https://storage.courtlistener.com/ ...
2023-06-06 View on X
Bloomberg

The SEC sues Coinbase, alleging the exchange operated as an unregistered broker since at least 2019 and broke the rules by offering “staking”; COIN drops 15%+

The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on Tuesday, alleging the crypto firm for years broke its rules.

2023-03-10
If you're keeping score: White House announces plan to add a 30% tax to energy used to mine $BTC or any other digital asset. NYAG sues KuCoin and dubs $ETH a security. Elizabeth Warren celebrates the Silvergate $SI bank run and liquidation. Gensler pens op-ed and tweet... https://twitter.com/...
2023-03-10 View on X
CNBC

Bitcoin falls ~8% to ~$19,900, a near two-month low, and ether falls 8%+ to ~$1,400, after a selloff of US stocks, rising interest rates, and troubles at SVB

- Bitcoin fell below $20,000 on Friday hitting a near-two month low after a stock market sell-off in the U.S.

UPDATE: Gary Gensler two weeks ago in an interview - “everything other than #Bitcoin is a security.” **Today: NYAG files suit against KuCoin and claims that #Ethereum is a security.
2023-03-10 View on X
CoinDesk

New York's AG sues KuCoin, alleging the Seychelles-based crypto exchange offers tokens, such as ETH, that meet the definition of a security, without registering

A press release said the lawsuit was part of ongoing “efforts to crack down on unregistered cryptocurrency platforms.”

2023-03-09
Crypto denialists and short sellers directly assisted that Senator in crafting and executing said “bank run”. They claimed fraud and arrests were imminent. Instead, withdrawals were orderly/honored and $SI is following a rules based FDIC liquidation and charter return. https://twitter.com/...
2023-03-09 View on X
The Block

Silvergate Capital plans to wind down operations and voluntarily liquidate Silvergate Bank, including “full repayment of all deposits”; SI drops 40%+ to ~$5

- Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate Silvergate Bank in accordance with applicable regulatory processes.

UPDATE: Employees at Silvergate $SI have been told to prepare for liquidation and shutdown imminently. **Source: “we've been told that an orderly liquidation will be announced and our charter will be handed over to the FDIC.” **employees have been given their WARN Act... https://twitter.com/...
2023-03-09 View on X
The Block

Silvergate Capital plans to wind down operations and voluntarily liquidate Silvergate Bank, including “full repayment of all deposits”; SI drops 40%+ to ~$5

- Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate Silvergate Bank in accordance with applicable regulatory processes.

2023-03-03
UPDATE: @coinbase drops Silvergate $SI as USD banking partner. Moving Prime customers to Signature Bank. Per a memo cited by sources. **Silvergate Bank drops another 40% in pre-market trading.
2023-03-03 View on X
CoinDesk

Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe, and Gemini suspend business operations with Silvergate, which reported being “less than well-capitalized”

Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank.

2023-03-02
UPDATE: @coinbase drops Silvergate $SI as USD banking partner. Moving Prime customers to Signature Bank. Per a memo cited by sources. **Silvergate Bank drops another 40% in pre-market trading.
2023-03-02 View on X
CoinDesk

Filing: crypto-friendly US bank Silvergate delays its annual report, citing investigations from regulators, Congress, and the DOJ; SI plunges over 40%

Shares fell over 10% in after-hours trading.  —  Christy Goldsmith Romero … Commissioner  —  U.S. Commodity Futures Trading Commission

2023-03-01
BREAKING: Solana outage caused by specific dev... The Dev: https://twitter.com/...
2023-03-01 View on X
CoinDesk

After a lengthy, unexplained outage over the weekend due to an update, Solana Labs plans to improve its upgrade process to ensure reliability and uptime

Solana co-founder said last week's 1.14 network update has raised concerns about maintaining stability during major updates.

2023-02-16
This is only one of the methods being used in ‘Operation Chokepoint 2.0’: https://twitter.com/...
2023-02-16 View on X
Wall Street Journal

Sources: spooked by a growing regulatory crackdown, US banks are backing away from crypto companies and re-evaluating their exposure, no matter how small

SEC and banking overseers step up scrutiny following collapse of FTX  —  Crypto's Crash Has Been Swift but Largely Self-Contained.  Here's Why.

This is only one of the methods being used in ‘Operation Chokepoint 2.0’: https://twitter.com/...
2023-02-16 View on X
CoinDesk

The US SEC proposes a rule that would bar investment advisers from storing assets at crypto platforms and lenders that are not registered as exchanges or banks

Jesse Hamilton / CoinDesk :

2023-02-10
I've been contacted by @coinbase comms to dispute the nature and language of this tweet. **sources and noise from everywhere right now. **one agency source: “two high level OCC execs are quitting over this stuff... clear violation of the administrative procedures act.”
2023-02-10 View on X
Bloomberg

Brian Armstrong says Coinbase has heard “rumors” the SEC wants to “get rid of” crypto staking for retail investors, which “would be a terrible path for the US”

Now Comes The SEC Helen Partz / Cointelegraph : Community urges Coinbase to relist XRP as CEO fights for staking YouTube : Staking-as-a-Service | Office Hours with Gary Gensler Tru...

UPDATE: @coinbase has been told to wind down crypto staking or face fines and other more debilitating actions. **this is a coordinated multi-agency action/process.
2023-02-10 View on X
Bloomberg

Brian Armstrong says Coinbase has heard “rumors” the SEC wants to “get rid of” crypto staking for retail investors, which “would be a terrible path for the US”

Now Comes The SEC Helen Partz / Cointelegraph : Community urges Coinbase to relist XRP as CEO fights for staking YouTube : Staking-as-a-Service | Office Hours with Gary Gensler Tru...

2023-02-09
I've been contacted by @coinbase comms to dispute the nature and language of this tweet. **sources and noise from everywhere right now. **one agency source: “two high level OCC execs are quitting over this stuff... clear violation of the administrative procedures act.”
2023-02-09 View on X
Bloomberg

Brian Armstrong says Coinbase has heard “rumors” the SEC wants to “get rid of” crypto staking for retail investors, which “would be a terrible path for the US”

Coinbase Global Inc.'s head Brian Armstrong escalated his war of words with the Securities …

UPDATE: @coinbase has been told to wind down crypto staking or face fines and other more debilitating actions. **this is a coordinated multi-agency action/process.
2023-02-09 View on X
Bloomberg

Brian Armstrong says Coinbase has heard “rumors” the SEC wants to “get rid of” crypto staking for retail investors, which “would be a terrible path for the US”

Coinbase Global Inc.'s head Brian Armstrong escalated his war of words with the Securities …