November 10, 2023
Man Gets 16-Year Prison Sentence in Alibaba IPO Fraud Case
A man was sentenced to nearly 16 years in prison for orchestrating a fraud related to Alibaba’s 2014 initial public offering (IPO). Frank Harold Rosenthal claimed to have a connection...
November 09, 2023
CFTC to Propose Strengthening Regulations to Safeguard Customer Funds
The Commodity Futures Trading Commission (CFTC) is reportedly working on a draft proposal to enhance regulatory defenses and protect client funds. Coming in response to last year’s collapse of crypto giant FTX,...
November 09, 2023
Celsius Bankruptcy Case Comes to a Close
Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its hundreds of thousands of customers,...
November 09, 2023
Unable to Hold Their Pegs, Stablecoins Prove Anything but Stable
The hallmark of stablecoins has been instability. In a paper published this week by the Bank of International Settlements (BIS), the analysis shows that with a decade of trading history, none...
November 08, 2023
Automated Payments Are Crucial First Step in Broader Enterprise Digitization
Fraudulent activities can manifest in various forms, including identity theft, payment fraud and cyberattacks. In all those cases, legacy and manual back-end systems provide bad actors with vulnerable — and...
November 08, 2023
FTX’s Possible Suitors Include Ex-NYSE Head
By this time next month, FTX could have a new owner. And among the three bidders for the bankrupt cryptocurrency exchange is a company headed by Tom Farley, former president of the New York...
November 07, 2023
SBF Conviction Could Fuel FTX Celebrity Lawsuits
The criminal case against FTX founder Sam Bankman-Fried reached its climax last week. The civil cases involving his former company, however, are ongoing. Bankman-Fried’s conviction in what has been called...
November 06, 2023
Report: Proof Group Among Bidders to Relaunch FTX Crypto Exchange
Investment firm Proof Group may be aiming to revive the bankrupt crypto exchange FTX. Proof Group is one of three bidders vying to reboot trading on FTX, Bloomberg said in a Monday...
November 06, 2023
Bed Bath & Beyond CEO Departs Amid Investor Pressure
The CEO of Bed Bath & Beyond has resigned following pressure from an activist investor. The company, which rebranded from “Overstock.com” to Bed Bath & Beyond earlier this year after acquiring the...