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 …
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.
Sources: a16z, Tiger Global, IVP, and other VCs are touring Saudi Arabia, the UAE, and Qatar to build ties with sovereign wealth funds during the funding crunch
Liquidity crunch leads investors such as Andreessen Horowitz to sovereign wealth funds in Saudi Arabia, Qatar and UAE
Hedge fund Galois Capital, which managed ~$200M in 2022, shutters, returns investor money, and sells claims for $0.16 after half its assets were trapped on FTX
Co-founder apologises in letter to investors and says fund is no longer viable — A hedge fund that was one of the highest-profile victims …
The UK government lays out plans to regulate crypto, including measures to strengthen rules for lending, disclosures, financial intermediaries, and custodians
- The U.K. laid out plan to regulate the cryptocurrency industry. — The proposals include strengthening rules on crypto lending …
The SEC charges Genesis and Gemini with offering and selling unregistered securities to retail investors via a crypto lending program promising to pay interest
The SEC charges Genesis and Gemini with offering and selling unregistered securities to retail investors via a crypto lending program promising to pay interest
- The SEC charged both Gemini and Genesis with unregistered offering and sale of securities to retail investors, some of who were in the U.S.
Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US
Court documents shed light on Sam Bankman-Fried's circular transactions — Sam Bankman-Fried invested $20mn in a large venture capital fund …
Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge
as always, thanks for reading and follow me here Tweets: Katie Martin / @katie_martin_fx : Genesis failure would land owner with $350mn payout to financier Todd Boehly @nikasgari h...
Analysis: Binance's filings in 14 jurisdictions show its operations are mostly opaque, do not disclose where Binance.com is based, offer little data, and more
The world's biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.
Sources: FTX reached late stage negotiations with Taylor Swift for a $100M+ sponsorship deal, supported by Swift fan SBF but opposed by some FTX executives
Negotiations between singer-songwriter and Sam Bankman-Fried's crytpo group collapsed this spring
A spreadsheet SBF used in November lists nearly 500 alleged VC investments by Alameda, including in Circle, Genesis, Sky Mavis, Paxos, StarkWare, and Anchorage
Filing: US bank Silvergate confirms processing wire transfers for traders on Alameda, claiming to have conducted “extensive due diligence” on FTX and Alameda
Federal Reserve-regulated company says it performed ‘significant due diligence’ on FTX and Alameda Research
Unpacking the 2022 crypto credit crisis and its parallels with the 2008 financial crisis by analyzing Three Arrows Capital's collapse, FTX's implosion, and more
The crypto financial crisis of 2022 — Apparently the way it works is that if you blow up a big crypto firm …
Sources: FTX's derivatives exchange LedgerX is for sale, attracting interest from Blockchain.com, Gemini, and others; Nov. 17 filing: LedgerX had ~$303M in cash
LedgerX, one of the few solvent pieces of Sam Bankman-Fried's crumbled FTX empire, is for sale and attracting interest …
Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader's MobileCoin trade went bad, wiping out Alameda's 2021 profits
Financial Times :
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points
European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more
Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday …
Interviews detail FTX and SBF's lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries
When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.
Interviews detail FTX and SBF's lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries
When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.