March 08, 2024
FinTech IPO Index Gathers 2.7% as MoneyLion Jumps 34% on...
Many of the names that are part of the FinTech IPO Index soared double digits on the heels of earnings this past week, leading the overall index 2.7% higher. MoneyLion...
March 06, 2024
Digital Currency Group Wants NY Fraud Lawsuit Tossed
Digital Currency Group (DCG) wants a lawsuit accusing it of defrauding cryptocurrency investors dismissed. The company is urging a New York court to throw out the lawsuit, which alleges DCG defrauded investors...
March 04, 2024
Razor Group Acquires Perch, Consolidating Two Online Brand Aggregators
Razor Group has acquired Perch in a deal that consolidates two online brand aggregators. Following this acquisition, Razor Group now operates a catalog of 40,000 products across three continents, in more...
March 03, 2024
NerdWallet: We Have Not Filed for Bankruptcy
Financial guidance platform NerdWallet says it was the victim of a fraudulent bankruptcy filing. As Reuters reported Saturday (March 2), the company said that it did not file for bankruptcy and that the...
March 03, 2024
Report: Craft Retailer Joann Considers Bankruptcy Filing
Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would give control to lenders and free...
February 28, 2024
New York DFS Announces Settlement With Gemini Trust
The New York State Department of Financial Services (DFS) said Wednesday (Feb. 28) that Gemini Trust Company has agreed to return at least $1.1 billion to customers of its Gemini Earn Program. The decision...
February 28, 2024
Thrasio’s Bankruptcy Spotlights Aggregators’ Decline as Ecosystems Take Shape
It was a highly successful business model, at least for a while. But the recent filing of Thrasio Holdings for Chapter 11 this week points to how Amazon aggregators have...
February 28, 2024
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. The Series A funding round values Backpack — whose offerings also include a crypto wallet...
February 28, 2024
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” In a final bid for leniency, lawyers for the FTX founder are calling for a sentence of five a-and-a-half...