Former Celsius CEO arrested, company agrees to pay $4.7 billion settlement

Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC the bankrupt crypto exchange agreed to pay a $4.7 billion settlement with government regulators. The exchange was also charged by the SEC and CFTC with scheming to defraud investors ...Read More

Binance Lays Off Dozens of Employees With Plans To Trim US Workforce Amid Regulatory Pressure

The world’s largest crypto exchange by trading volume is reportedly downsizing amid mounting pressure from federal investigations. The Wall Street Journal reports that Binance already terminated dozens of its employees last week, some of whom were told their jobs were redundant while others were let go ...Read More

FBI Reportedly Raided Kraken CEO Jesse Powell’s Home Over Hacking Accusation

The Federal Bureau of Investigation reportedly carried out a search at the residence of Jesse Powell, the man behind Kraken, the second-largest crypto exchange in the United States. People familiar with the matter revealed that the FBI’s raid was not in connection with Powell’s cryptocurrency ...Read More