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2023-01-07 15:03:01 Mt. Gox repayments timeline pushed back by two months

Mt. Gox payments will start from March and will continue up until the September 30 deadline.The deadline for the first tranche of repayments from Mt. Gox has been moved to Sept. 30 from July 31, according to a creditor announcement. The deadline for providing crypto exchange and banking information has also been changed to March 10 from Jan. 10. All creditors are set to receive a base payment. They will also receive an early lump sum payment or choose to accept what could be a different amount later. Payments will be provided in either cryptocurrency, fiat currency or both. This will be sent to the recipient's bank account or crypto exchange.

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2023-01-07 09:03:01 TON Foundation Launches New Decentralized File-Sharing Solution

TON Storage, a decentralized file-sharing and data-storage service, was made public by the TON Foundation. Similar to peer-to-peer file sharing via torrents, TON Storage uses the TON blockchain to share data over a private, secure, and decentralized computer network. TON Foundation is the guardian of the proof-of-stake blockchain TON, which was created by the founders of Telegram Messenger. Torrent-based internet-based peer-to-peer file sharing is similar to how TON Storage operates. But rather than using centralized web servers, it uses the TON blockchain network to send data files of any size that are secured and backed up. By giving users incentives to operate nodes and host files, TON Storage seeks to change that.

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2023-01-07 03:03:00 Genesis Is Considering Filing For Chapter 11 Bankruptcy Protection

DCG’s subsidiary, which suffered heavily after the collapse of FTX, is Genesis Global Trading, with a stranded amount of up to $175 million. Genesis is considering filing for bankruptcy after cutting another 30% of its staff yesterday.After a long time of “buying time,” the company could not settle Gemini’s 900 million debt. Genesis hired investment bank Moelis & Company to review Chapter 11 bankruptcy filings, according to a report from the Wall Street Journal. A Genesis spokesperson told the Journal that the move is designed to “preserve customer assets and drive the business forward.”. The magazine reported that Alameda received millions of dollars from Genesis before it collapsed. After Alameda went bankrupt, Genesis froze its client funds in November.

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2023-01-06 21:03:01 Coinbase Pays $100 Million To New York Regulator Fine For AML Regulatory Vulnerability

After looking into Coinbase’s compliance program, the New York State Department of Financial Services, or NYDFS, has come to an agreement with the company. The NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. Following a settlement with the regulator, which discovered glaring gaps in the cryptocurrency exchange’s review of customer IDs and notifications on transactions, the NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. according to the financial authority. The NYDFS reported problems with user onboarding and transaction monitoring procedures.

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2023-01-06 15:03:02 SEC Charges Eight Individuals With $45 Million Scam Through Blockchain Company CoinDeal

The US Securities and Exchange Commission is hunting down the people behind a massive scam that stole money from tens of thousands of investors. Eight people and companies have been accused by the SEC of allegedly selling unregistered securities. The defendants are AEO Publishing Inc., Banner Co-Op, Inc., and BannersGo, LLC. They are Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, and Michael Glaspie. The SEC has charged eight individuals and businesses with fraud associated with blockchain company CoinDeal, for illegally trading securities, violating US securities laws, and orchestrating a conspiracy to appropriate client assets.

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2023-01-06 09:03:01 Binance Remains Quiet On Gopax Acquisition Rumors

The largest crypto exchange in the world, Binance, declined to comment on local media claims that it is in advanced negotiations to buy the South Korean digital asset exchange Gopax. Regarding this acquisition, Binance refused to give an official answer. According to a local news outlet, Decenter, which cited an unknown industry official, Binance is attempting to negotiate with Lee Jun-haeng, Gopax’s founder and main shareholder, and intends to keep Lee in his current position as CEO. One of the five South Korean cryptocurrency trading platforms (Upbit, Bitsum, Coinone, Corbit, and Gopax) authorized to offer consumers fiat-to-crypto services is Gopax.

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2023-01-06 03:03:01 MoneyGram Required The Court To Seal Parts Of Its Filings In The XRP Lawsuit

MoneyGram asked the U.S. District Court for the Southern District of New York on Wednesday to seal some of the summary judgment documents in the ongoing dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). MoneyGram stated that it hopes to secure company information and employee names by sealing portions of its documentation for the summary judgment, a sort of judgment normally delivered on the basis of statements and evidence without a full trial. putting an end to a related arrangement that involved on-demand liquidity transactions worth a few billion dollars.

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2023-01-05 21:03:01 Bahamas SCB Said New FTX CEO’s Latest Statements On Its Actions Were “Unfounded”

The Securities Commission of The Bahamas (SCB) had to clarify major misstatements made by John J. Ray III, who took over as CEO of FTX when founder Sam Bankman-Fried resigned in November, in press releases and court papers, according to a statement made public on January 3. According to the statement, during a court filing before the US House of Financial Services Committee, FTX CEO John J. Ray III made public statements asserting that the Commission had authorized FTX to mint a considerable amount of fresh tokens under “oath.”.The Chapter 11 Debtors had “publicly challenged” the Commission’s estimations of the value of digital assets moved to digital wallets under its management in November 2022, the statement said.

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2023-01-05 15:03:01 BTC.com Stolen Assets In The Attack Were Transferred To Tornado Cash

BIT Mining Limited’s subsidiary, BTC.com, experienced a cyberattack on December 3, 2022. On-chain disclosure shows tokens are being transferred to mixer platforms for money laundering. BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3. On January 3, X-explore tweeted that chain analysis showed that the stolen assets of BTC.com were 32.5 BTC and 1964 ETH. Most of them were transferred to Tornado Cash, and some were transferred to CEX exchanges like Binance and Kucoin. BTC wallet 3FxUA8godrRmxgUaPv71b3XCUxcoCLtUx2 transferred 32.5 BTC, suspected to be stolen. Attackers suspected of using centralized BTC Mixer for money laundering. BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3.

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2023-01-05 09:03:01 Sam Bankman-Fried Try To Hide Bail Guarantors Secret For Him

Sam Bankman-Fried, the former CEO of FTX, requested that the judge maintain the identities of the two people who will assist in securing his bail a secret in order to shield them from prying eyes and possible persecution. Bankman-Fried’s attorneys requested that the court suppress the names and identifying details of the two co-signers who contributed to the former FTX CEO’s $250 million bail, in addition to his parents.The attorneys asked that their clients’ identities be withheld due to privacy and safety concerns in the court documents submitted on Tuesday. According to the document, the U.S. government informed the lawyers that it had no opinion regarding the request.

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