Filing: the US SEC voluntarily dismissed its 2023 lawsuit against Binance and CZ that accused them of diverting customer funds, misleading investors, and more
The U.S. Securities and Exchange Commission voluntarily dismissed its lawsuit against Binance, the world's largest cryptocurrency exchange, a Thursday court filing shows.
Sources: Trump family representatives have held talks to take a financial stake in Binance US, and Changpeng Zhao has been pushing for Trump to pardon him
Discussions for stake in Binance's U.S. arm come as founder Changpeng Zhao has pushed for the administration to pardon him for his own 2023 guilty plea
The White House hosted its first Crypto Summit, bringing together top crypto executives, including Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss
The first-of-its-kind event at the White House with top crypto executives showcased the president's embrace of the once-renegade industry.
A US bankruptcy judge approves repaying FTX customers, and FTX is in talks over $1B in seized US assets; in June 2024, FTX had $12.6B, which may rise to $16.5B
Bloomberg :
FTX identifies ~$5.5B in “liquid” assets for recovery, including $415M in “unauthorized third-party transfers” possibly tied to a hack found after its collapse
- FTX has identified about $5.5 billion worth of digital assets for recovery, a number that includes $415 million in “hacked crypto.”
Sources: US prosecutors are investigating whether Sam Bankman-Fried manipulated TerraUSD and LUNA markets, leading to the cryptocurrencies' collapse in May 2022
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
Mango Markets, a Solana DeFi platform, says a hacker stole ~$100M by manipulating its coin's price; the hacker made a DAO proposal to waive any investigations
Mango Markets, a DeFi platform on Solana, says a hacker stole some of its funds “via an oracle price manipulation”; blockchain auditor OtterSec estimates $100M+
Mango's MNGO token was down over 40% after suffering from the latest massive decentralized finance exploit.
Ahead of its April 14 direct listing, Coinbase reports a record quarter, with estimated profits of $730M-$800M in Q1 on revenue of ~$1.8B and 56M verified users
Coinbase announced its 2021 first quarter earnings on Tuesday, revealing that the crypto giant made a profit of between $730 million …