The collapse of crypto exchange FTX wiped out millions of its customers’ crypto holdings and turned its billionaire founder into a pariah now facing criminal fraud charges in New York. Instead, regulators have pursued a piecemeal enforcement campaign designed to impose Wall Street’s rules on crypto—a move the biggest crypto exchanges, such as Binance, are fighting in court. Another FTX …
Hundreds of politicians who received donations from doomed crypto firm FTX have been asked to return the money so it can repay its investors or face the possibility of being sued. FTX said in a statement it was sending 'confidential messages' to political leaders after the firm, under leadership of disgraced founder Sam Bankman-Fried, made upwards of $40 million in …
Binance pulled out of the deal due to its corporate due diligence and reports of mishandled funds. A deal for leading cryptocurrency exchange FTX has collapsed, as bigger rival Binance said it was pulling out after doing due diligence on the proposed acquisition. Binance signed a non-binding agreement on Tuesday to buy FTX’s non-United States unit to help cover a …
