Binance’s Troubles Escalate: The Fallout of Mishandled Assets and Alleged Misconduct
Binance embroiled in controversy over mishandling assets & alleged misconduct. South Korean authorities investigate the acquisition of Gopax.
Genesis
DCG Sells Grayscale Shares to Raise Funds: FT
Digital Currency Group (DCG) is selling shares in some of its crypto funds at a discount and has allegedly started selling its stakes in Grayscale. Read CNL.
Genesis Aims for Creditor Deal in Days or Mediator
Crypto lender Genesis will either have a deal with creditors owed about $3B, or it will ask the judge overseeing its bankruptcy to appoint a mediator.
Genesis and Gemini Sold Unregistered Securities: SEC Probe
The SEC charged Genesis and Gemini on Thursday through a court filing with selling unregistered securities with a high-yield deposit program. Read CNL.
Report: DOJ and SEC Investigating DCG Crypto Conglomerate
According to recent reports, the DOJ and SEC have launched an investigation into a Digital Crypto Exchange (DCG). Read CNL for more info.
Grayscale Looming Bankruptcy Has Possible Adverse Outcomes
A recent tweet from CNL reveals how the cryptocurrency sector would be impacted if grayscale and its affiliates experienced a liquidity crisis. Read more.
Binance Pledges $1 Billion to Crypto Recovery Fund
Binance cryptocurrency exchange said on Thursday that it will devote $1 billion to creating an industry recovery initiative (IRI) to fund crypto businesses.
Binance Will not Invest in Crypto Lender Genesis: WSJ
Binance, a cryptocurrency exchange, was approached by Genesis about investing, but the latter rejected the offer owing to potential conflicts of interest.
