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FTX CEO appeals for Nishad Singh’s freedom to aid recovery efforts
FTX CEO John J. Ray III urged the court to keep former engineering director Nishad Singh out of prison, arguing that his continued freedom would help maximize asset recovery for […]
Judge grants leniency to Nishad Singh in FTX scandal for crucial cooperation
Nishad Singh, former engineering director at defunct exchange FTX, was sentenced to time served and three years of supervised release on Oct. 30 for his role in misappropriating user funds […]
Visa celebrates Coinbase partnership to offer instant crypto deposits
TradFi payment company Visa is championing a new partnership with Coinbase to offer instant deposit services for customers using eligible debit cards, according to an Oct. 29 statement. Visa’s Head […]
Hong Kong to boost crypto industry with new licenses and tax perks
Hong Kong authorities expect to license more crypto exchanges before the end of this year, according to Financial Secretary Paul Chan. At the ongoing Hong Kong FinTech Week, Chan stated […]
FTX reaches $228 million settlement with Bybit amid bankruptcy efforts
FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. […]
WazirX reveals 40% customer assets held on third-party exchanges amid transparency push
Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange […]
US prosecutors recommend leniency for former FTX executive Nishad Singh following ‘substantial assistance’
US prosecutors have requested that the court favorably consider former FTX executive Nishad Singh’s “substantial assistance” during their investigation into the failed crypto exchange, according to an Oct. 23 court […]
South Korea’s crypto exchange closures lock $13M in investor assets
More than 33,000 crypto investors in South Korea are currently unable to access their assets, which amount to around $13 million, due to the closure of several crypto exchanges in […]
Binance executive Tigran Gambaryan to be set FREE as Nigerian government drops all charges
The Nigerian government has officially dropped all charges against Tigran Gambaryan, a Binance Holdings executive, who had been detained since February. On Oct. 23, the Nigerian Economic and Financial Crimes […]
Ripple resolute as SEC does not appeal verdict XRP is not a security, focuses on exchange sales
Ripple said there are no surprises in the US Securities and Exchange Commission’s (SEC) last-minute Civil Appeal Pre-argument statement (Form C) filing in their ongoing legal battle. On Oct. 17, […]