February 12, 2024
New York AG Triples Alleged Crypto Fraud to $3B
New York Attorney General Letitia James has escalated her lawsuit against Digital Currency Group (DCG) and several other defendants. The lawsuit, initially filed in October, has now been expanded to...
February 11, 2024
NY AG Alleges $3 Billion Fraud in Updated Crypto Scam...
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis...
February 05, 2024
Cybera and Chainalysis Partner to Help Organizations Prevent Financial Cybercrime
Cybera, a provider of advanced reporting and prevention tools, has launched a strategic integration with Chainalysis, a blockchain data platform, to equip government agencies and compliance teams with enhanced insights to...
January 31, 2024
Tether Says USDT Market Cap Climbs Toward $100 Billion
Tether, issuer of USDT stablecoin, says its flagship digital asset is worth nearly $100 billion. The company on Wednesday (Jan. 31) released earnings showing that it saw a “record-breaking” $2.85 billion...
January 28, 2024
FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
FTX has reportedly been selling crypto assets and stockpiling cash as it looks to repay customers. Those customers’ accounts have been in limbo since the cryptocurrency exchange collapsed in November 2022....
January 26, 2024
SEC Approves Exchange Listing Applications for Spot Bitcoin ETPs
By: Robert E. Plaze, John Mahon, Shaina Maldonado & Adrianna Vallee (Blockchain & The Law) On January 10, 2024, the Securities and Exchange Commission (“SEC”) issued an order granting approval for the applications of...
January 22, 2024
Terraform Labs Files for Bankruptcy
Terraform Labs, whose collapse triggered a wider cryptocurrency market earthquake, has filed for bankruptcy. The Singapore-based digital asset company filed for Chapter 11 in Delaware Sunday (Jan. 21), listing assets and liabilities...
January 19, 2024
LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to access their online accounts, submit...
January 18, 2024
Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings are also a favorite of...