While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager and Terra. Congressman Tom Emmer showed concerns about ...Read More

In recent days it’s become clear that crypto’s one-time golden boy, Sam Bankman-Fried, did not just disappoint his investors and customers at bankrupt FTX, but that he may have broken the law. There are reports federal prosecutors in Manhattan are preparing criminal charges and ...Read More

In 2020, Wells Fargo paid $3 billion to settle claims that employees had committed widespread consumer abuses, including opening millions of unauthorized or outright bogus accounts, forging signatures, and moving money from real accounts to fake ones. Regulators zeroed in on Wells Fargo’s incentive system, intended ...Read More

Some of America’s biggest banks are devising a plan to compensate customers who fall victim to scams on their Zelle payment network. JPMorgan Chase, Wells Fargo and Bank of America Corp. are among the banks in advanced discussions to create a playbook for refunding customers and each other ...Read More

It’s been two weeks since the FTX collapse and 11 days since the company filed for Chapter 11 bankruptcy protection. Now, according to a few reports, officials from the U.S. and the Bahamas are talking about extraditing SBF to the U.S. for questioning regarding ...Read More

Elizabeth Holmes and Sam Bankman-Fried are two former wunderkinds whose names will be remembered for scandal. How did they go from rising to fallen stars? One business leader and authority on executive coaching says the fluid nature of technology startups, along with the inexperience of young ...Read More

Gemini, a crypto exchange and custodian founded by the Winklevoss brothers, has suffered a rush of withdrawals as crypto firms wrestle with the reverberations of the FTX-Alameda bankruptcy and subsequent contagion within the digital asset industry. Data by blockchain intelligence platform Nansen shows that Gemini saw $485 million ...Read More