The Securities and Exchange Commission (SEC) made a surprising move by dropping its lawsuit against the crypto exchange Binance. This decision came just days after Binance started trading a new stablecoin created by World Liberty Financial, a company with strong ties to former President Donald Trump. This stablecoin, called USD1, is designed to match the value of the...
The crypto world has seen its share of dramatic ups and downs, but few stories are as striking as the recent fall of prominent figures in the industry. The former head of Celsius Network, Alexander Mashinsky, received a 12-year prison sentence. This came after he admitted to two major fraud charges. His journey from a celebrated leader to a convicted criminal highlig...
The political climate for cryptocurrency has undergone a significant transformation. This change has been particularly beneficial for Binance, a major player in the crypto world. The company, once seen as a rebel against regulations, is now finding a more welcoming environment, especially under the Trump administration. The shift in political winds has been dramatic...
In a surprising turn of events, the bankruptcy trustees of the once-mighty crypto exchange FTX have filed a lawsuit against their former rival, Binance. The lawsuit, which was filed in a US bankruptcy court in Delaware, is seeking to recover a staggering $1. 76 billion. This massive sum was allegedly transferred to Binance and its top executives, including co-founder...
Binance, one of the world's largest cryptocurrency exchanges, and its former CEO, Changpeng Zhao (CZ), are being sued by FTX for a staggering $1. 8 billion. This legal battle comes after FTX filed a lawsuit claiming that Binance and CZ played a significant role in FTX's collapse last year. The lawsuit alleges that Binance and CZ made false statements and took actions...