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FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg

The Treasury Department's Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.

Continue ReadingFDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg

Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report

The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption.

Continue ReadingSam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report

US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister

Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted.

Continue ReadingUS and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister

80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says

Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across…

Continue Reading80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says