US

Ruja Ignatova and Sebastian Greenwood (OneCoin)

Karl Greenwood has admitted to federal wire fraud and money laundering charges in the $4 billion OneCoin scam, the U.S. Department of Justice says.

By Jesse Hamilton

Dec 16, 2022 at 7:13 p.m. UTC

Dec 16, 2022

DOJSouthern district of new yorkOneCoinUSFraudPyramid Scheme

U.S. Treasury Department building in Washington, D.C. (Jesse Hamilton/CoinDesk)

Policy

Regulations

US Rings Crypto Warning Bell That Regulators Say Only Congress Can Silence

The latest report of the Financial Stability Oversight Council says the risky sector needs Congress to intervene, though crypto hasn’t yet posed a danger to the wider financia...

By Jesse Hamilton

Dec 16, 2022 at 4:45 p.m. UTC

Dec 16, 2022

RegulationsFSOCTreasury DepartmentRisky assetsFTXUSCongress

Policy

Regulations

Media Groups Win Right to Argue for Publication of FTX’s Million-Strong Creditor List

A final decision on whether to publish the names, which the collapsed crypto exchange says could advantage competitors and breach privacy laws, will follow in January.

By Jack Schickler

Dec 16, 2022 at 4:04 p.m. UTC

Dec 16, 2022

RegulationsFTXFTX CollapseBankruptcySam Bankman-FriedUSBahamas

Sen. Sherrod Brown, chairman of the Senate Banking Committee (Drew Angerer/Getty Images)

Policy

Regulations

FTX Hearing in US Senate Reveals Congress Doesn’t Have Immediate Answers

As the crypto industry’s epic disaster continues to unfold with a criminal case and regulatory actions, U.S. senators didn’t find any clear path during a Wednesday hearing.

By Jesse Hamilton

Dec 14, 2022 at 7:55 p.m. UTC

Dec 14, 2022

RegulationsSenateSenate Banking CommitteeFTXFTX CollapseUSCongress

Celsius is claiming funds from Voyager as both crypto lenders face a bankruptcy freeze. (RyersonClark/Getty Images)

Policy

Regulations

Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine

Celsius previously missed an apparent deadline to make a claim based on its relationship with fellow crypto lender Voyager.

By Jack Schickler

Dec 14, 2022 at 10:42 a.m. UTC

Dec 14, 2022

RegulationsVoyagerCelsiusBankruptcyUS

FTX CEO John Ray III testifies in the U.S. House Financial Services Committee about the company's collapse. (U.S. House Financial Services Committee)

Finance

Regulations

With Founder Facing Charges, New CEO Says FTX Embezzled Customer Cash

Sam Bankman-Fried is now a criminal defendant, and CEO John Ray III told lawmakers FTX embezzled customer funds "right in front of their eyes."

By Jesse Hamilton

Dec 13, 2022 at 4:37 p.m. UTC

Dec 13, 2022

RegulationsHouse of RepresentativesHouse Financial Service CommitteeHearingsFTX CollapseFTXUS

Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

Finance

Ftx

$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee

There is “irreconcilable conflict" between the interests of FTX's international customers and those of other creditor groups, said Eversheds Sutherland partner Sarah Paul.

By Ian Allison

Dec 13, 2022 at 4:24 p.m. UTC

Dec 13, 2022

FTXBankruptcyFTX CollapseUS