Hong Kong lawmaker Johnny Ng has vowed that authorities will act quickly if fraud allegations against First Digital Trust (FDT), the issuer …
Allegations
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Markets
First Digital to 'Pursue Legal Action' Over Justin Sun Allegations as FDUSD Drops
by shayaanby shayaanFDUSD, the stablecoin issued by Hong Kong-based First Digital, has wobbled from its $1 price peg as investor concerns mounted over its …
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Regulation
Crypto Investment Firm Galaxy Digital Settles With New York AG for $200,000,000 Over Luna Allegations
by shayaanby shayaanThe crypto investment giant Galaxy Digital has settled with the New York State Attorney General for $200 million after facing allegations that …
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Markets
Crypto Exchange Bithumb Raided by South Korean Prosecutors Over Embezzlement Allegations: Report
by shayaanby shayaanProsecutors in South Korea have launched an investigation into Bithumb, one of the country’s largest cryptocurrency exchanges, over claims that company funds …
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Regulation
OKX denies allegations of regulatory investigation and role in laundering stolen funds
by shayaanby shayaanOKX has denied claims that European regulators are examining its Web3 service for allegedly allowing Bybit hackers to launder $100 million in stolen …
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Regulation
David Sacks rejects conflict of interest allegations, calling them ‘a lazy and stupid narrative’
by shayaanby shayaanDavid Sacks has defended himself against recent allegations that he used his position to manipulate crypto markets, calling the claims baseless. Speaking …
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Finance
David Sacks Responds to U.S. Crypto Reserve Conflict of Interest Allegations
by shayaanby shayaanPresident Trump’s announcement on Sunday that he plans to establish a federal cryptocurrency reserve sent digital asset markets soaring. However, it also …
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Smart Contracts
Co-Founder of Crypto Firm Behind Trump, Melania Tokens Resigns Amid Insider Trading Allegations
by shayaanby shayaanBen Chow, co-founder of Meteora-Het on Solana-based platform behind the controversial tokens of Trump and Melania launches-has resigned after accusations of prior …
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Regulation
Nigerian authorities and Binance executive clash over bribery allegations
by shayaanby shayaanNigerian authorities have denied the allegations by Binance executive Tigran Gambaryan that its officials asked for bribes, among other things. In a …
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The U.S. House Oversight Committee has launched an investigation into alleged debanking practices targeting crypto companies. On Friday, Committee Chair James Comer …