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Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors

Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded…

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Robinhood Fined $3.9 Million Over Crypto Withdrawal Restrictions in California

California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public…

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Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain…

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Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic

Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis…

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Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received

Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective…

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Wazirx to Reverse All Trades Made After Withdrawal Freeze

Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the…

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Celsius had ‘insufficient’ accounting and operational controls, says examiner

The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.

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