November 20, 2023
CFPB Orders Prehired to Pay $30 Million, Cease Operations
The Consumer Financial Protection Bureau (CFPB), in collaboration with 11 states, has announced an enforcement action against Prehired, a Delaware-based company that has filed for bankruptcy and ceased operations. The CFPB alleges that Prehired...
November 20, 2023
Regulated Digital Assets Exchange Bullish Acquires Media Company CoinDesk
Bullish, a regulated digital assets exchange, has acquired CoinDesk, a media, events and data company serving the global cryptocurrency economy. The move aims to accelerate CoinDesk’s global expansion and growth,...
November 19, 2023
Bed Bath & Beyond Investor Blasts Company’s ‘Poor Behavior’
JAT Capital isn’t done with Bed Bath & Beyond after demanding the removal of its CEO. In what a Friday (Nov. 17) CNBC report described as a “scathing” letter, the investment firm...
November 15, 2023
The FTC´s Prior Approval Mischief
Sometimes, the appropriate remedy in a merger case will involve a requirement for prior agency approval of later transactions by the buyer in the market in issue. From 1995 through...
November 14, 2023
FTX and BlockFi Get Permission to Begin Settlement Talks
A federal judge said cryptocurrency firms FTX and BlockFi can begin discussing a settlement. BlockFi, which hopes to recover funds owed by FTX, declared bankruptcy in November 2022 following the...
November 14, 2023
Consignment Shops Diversify to Boost Sales as Consumers Pull Back
As the impact of inflation reverberates through consumer spending, luxury consignment shops feel the pinch, experiencing a surge in haute couture stress. In a recent development reported by PYMNTS, The...
November 13, 2023
Report: $27 Million in Crypto Swiped From Binance-Linked Wallet
A hacker reportedly stole $27 million in cryptocurrency from a Binance-connected wallet. The stolen tether funds were converted to ether before being transferred to other exchanges and bridges to bitcoin...
November 12, 2023
Ex-FTX Execs Launching New Crypto Exchange
At Sam Bankman-Fried’s trial last month, Can Sun was a key witness. Now, the former FTX general counsel is reportedly at work on a new cryptocurrency exchange designed to fix...
November 12, 2023
FTX Suit Seeks $953 Million From Fellow Crypto Firm Bybit
FTX’s quest to recover its lost assets is continuing with a lawsuit against Bybit. The suit, filed Friday (Nov. 10) in U.S. bankruptcy court, seeks to recoup around $953 million from Bybit —...