SEC Scrutiny Blocks Some Crypto Firms From Going Public
Crypto companies seeking to go public over the past year have faced increased scrutiny from the Securities and Exchange Commission, as financial distress and failures spread across the…
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Browsing Tag
virtual currencies
Genesis Demise Marks End of Era for Crypto’s Pseudo-Banks
The late-night bankruptcy filing of Genesis Global Capital LLC last week marked the end of an era for crypto lenders that tried to bring the centuries-old business model of banking to the…
Crypto Lender Genesis Files for Bankruptcy, Ensnared by FTX Collapse
Cryptocurrency lender Genesis Global Holdco LLC and two of its lending subsidiaries filed for bankruptcy protection late Thursday night in New York, the latest domino to fall after the…
WSJ News Exclusive | Crypto Media Outlet CoinDesk Taps Bankers for Potential Sale
CoinDesk’s parent company is Digital Currency Group Inc., or DCG,…
A Crypto Magnate Saw the Risks and Still Was Hammered
The cryptocurrency crunch is so bad even the pros are getting squeezed. A year ago,
Barry Silbert’s
40% stake in
Digital Currency Group…
Sam Bankman-Fried Says Law Firm Worked Closely With FTX Before Bankruptcy
Sam Bankman-Fried
said cryptocurrency exchange FTX had a closer relationship than previously disclosed with its bankruptcy law firm…
WSJ News Exclusive | Inside Sam Bankman-Fried’s $1 Billion Bet on a Bitcoin Miner on the Kazakh…
Just before crypto markets plunged last year,
Sam Bankman-Fried’s
hedge fund made a $1 billion bet on Genesis Digital Assets, a Cyprus-registered bitcoin miner…
Coinbase Crypto Exchange to Cut Nearly 1,000 Jobs
Coinbase Global Inc.
COIN -0.67%
said that it would eliminate around 20% of its staff and enact broad cost cuts,…
Sam Bankman-Fried’s Lawyers Are Veterans of Ghislaine Maxwell and ‘El Chapo’ Cases
A pair of attorneys defending FTX founder
Sam Bankman-Fried
against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases,…
FTX Seeks to Recoup Sam Bankman-Fried’s Charitable Donations
Sam Bankman-Fried
and FTX doled out millions in charitable donations. Now, new management is asking for it back.Some of the money, however, has already been…