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Crypto (268868)

Do Kwon: Fugitive S Korean behind $40bn crypto collapse arrested in Montenegro

Jessica Mar 24, 2023

Kwon Do-hyeong or Do Kwon, the South Korean responsible for the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been arrested in Montenegro, Interpol said on Friday.The 31-year-old was arrested earlier on Thursday along with…

Business

US SEC threatens to sue Coinbase over some crypto products, serves notice for action

Jessica Mar 24, 2023

The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc over some of the crypto exchange's products, turning up the heat on the largely unregulated sector.Shares of Coinbase dropped nearly 13 per cent to…

Business

Another crypto firm Genesis files for bankruptcy

Jessica Jan 20, 2023

Following the footsteps of embattled FTX and BlockFi, another cryptocurrency lender Genesis Global Holdco LLC, and two of its subsidiaries have filed for bankruptcy in New York court, indicating how the crypto fall has created a ripple…

Business

FTX conducts strategic assessment; requests judicial relief to pay important vendors

Jessica Nov 19, 2022

Collapsed crypto exchange FTX said on Saturday that it has started a strategic evaluation of its worldwide assets and is putting some businesses up for sale or reorganisation. Together with around 101 associated companies, FTX also…