For a long time, the Twitter community demanded the arrest of FTX founder Sam Bankman-Fried (SBF) after around a million customers had lost billions with the collapsed crypto exchange. Monday evening, he was now arrested by police in the Bahamas after U.S. prosecutors brought a still-sealed indictment. He is now apparently to be quickly extradited to the U.S. to answer questions from prosecutors there. The comprehensive investigation of the FTX Case is an important building stone to make the crypto world whole again.
On December 11, Binance published a notice about abnormal price movements on some trading pairs. The crypto exchange has investigated suspicious behavior on its platform after noticing abnormal price movements in some trading pairs with the Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN), and Golem (GLM). Nearly 40 minutes after the investigation began, Binance CEO Changpeng "CZ" Zhao said the price movements "appeared to be just market behaviour."
The payment service provider Klarna is suffering from consumer restraint. Nevertheless, Klarna CEO Sebastian Siemiatkowski is optimistic. Growth in the U.S. and the U.K. gave the "Buy-Now-Pay-Later" pioneer Klarna an increase in revenue in the first nine months of the year. Revenues and payment volumes rose 22% year-on-year, the Swedish fintech announced.
The public prosecutor's investigation into the sale of Amsterdam fintech company Payvision to ING has been stopped.
The public prosecutor's investigation into the sale of...
Crypto lender BlockFi filed for Chapter 11 bankruptcy on Monday! In the first week of November, BlockFi paused withdrawals from customers. The crypto lending platform had drawn down a $400 million line of credit from FTX US over the summer and was one of the first victims of the crypto contagion following the FTX collapse. Stuart Alderoty, General Counsel at Ripple, pointed the finger to the U.S. SEC:
Following the collapse of the cryptocurrency exchange FTX, the U.S. bank BlockFi, which specializes in virtual currency, has now also filed for bankruptcy.
More broadly,...
An 8-part series about the crashed crypto exchange FTX is being planned by Amazon.Avengers creators Anthony and Joseph Russo are to direct the series.
Amazon...
As major crypto exchanges are stepping up their efforts to assure customers and investors of their stability, Brian Armstrong, the CEO of Coinbase, has...
NFL superstar Tom Brady and basketball player Stephen Curry and other US celebrities are facing an investigation by the Texas financial regulator regarding the...
