N.Y. Attorney General James believes that the Celsius co-founder and former CEO gave false statements to his customers. Mashinsky allegedly lied about the company’s financial situation and purposely concealed information from his customers. Consequently, Celsius investors lost millions of dollars while the company took ...Read More

Crypto shops weary from last year’s sequence of unfortunate events likely have strenuous regulatory calisthenics waiting for them, and executives see compliance costs rising across the board. Why it matters: Regulators’ hawkish stance on the industry signals a coming torrent of enforcement action — one that ...Read More

The rise of Bitcoin (BTC) and other cryptocurrencies in recent years has created a new class of wealthy individuals, many of whom had made their fortunes by buying into the market early and adopting ‘HODLing‘ strategies. However, the past year has seen the market experience a ...Read More

FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges Tuesday and is set to face a trial in October, which is expected to be one most high-profile white collar fraud trials in recent years. Bankman-Fried appeared in US District Court in New York ...Read More

New York regulators today released crypto rules for banks following the collapse of digital asset exchange FTX. The New York State Department of Financial Services (NYDFS) said Thursday that banks in the state must submit a business plan at least 90 days to the body before ...Read More

The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, since at least January 2020, seven of ...Read More

Alameda Research ex-CEO Caroline Ellison has retained a former top cryptocurrency regulator for the US Securities and Exchange Commission as the federal investigation into the downfall of FTX continues. Bloomberg first reported that Ellison hired Stephanie Avakian, chair of the securities and financial services department at ...Read More