The FTX bankruptcy saga is racking up a bill that’s closing in on $1 billion, cementing its spot as one of the costliest Chapter 11 cases in U.S. history. Court filings show legal and financial firms have pocketed nearly $948 million so far, with over $952 million in fees rubber-stamped—eye-watering numbers that still promise a…
Crypto exchange MEXC is throwing some serious weight behind Ethena’s synthetic dollar, USDe, announcing a $20 million allocation to the stablecoin on February 26. On top of that, MEXC Ventures—the exchange’s investment arm—is dropping $16 million into Ethena Labs to juice up user incentives, like high-APR staking events, all aimed at turbocharging stablecoin adoption. We're…
Gemini, the crypto outfit run by the Winklevoss twins, just dodged a bullet—the U.S. Securities and Exchange Commission has shut down its investigation after nearly two years of digging. Cameron Winklevoss broke the news, saying the SEC’s been poking around for 700 days and sent a Wells Notice 277 days ago, but they’re finally backing…
Crypto exchange Bybit just scored a big win, nabbing in-principle approval from the UAE’s Securities & Commodities Authority (SCA) to set up shop as a Virtual Asset Platform Operator. The nod, dated February 18 and announced on February 28, puts Bybit on the fast track to a full license, letting it offer digital asset services…
Sam Bankman-Fried, the fallen founder of FTX, broke his two-year silence on X with a post on February 25, 2025, sending the price of FTT, the exchange’s native token, up by 30% almost instantly. In his message, Bankman-Fried quipped about ignoring his email for hundreds of days, likening it to government workers facing layoffs. He…
Global crypto exchange OKX is shelling out a hefty $505 million to settle a legal mess after pleading guilty to running an unlicensed money-transmitting business, a violation of U.S. Anti-Money Laundering (AML) laws. The deal comes after a U.S. Department of Justice probe revealed that some American customers were trading on OKX’s global platform—despite the…
U.S. authorities have made a bold move in the fight against cybercrime, seizing $31 million in cryptocurrency connected to the 2021 Uranium Finance hack. The haul marks a significant step in tracking down funds stolen in one of the high-profile breaches that rocked the crypto world a few years back. Details remain scarce, though—officials aren’t…
Changpeng Zhao, the brains behind Binance—the planet’s biggest crypto exchange—walked into court on April 30 and walked out with a four-month prison sentence. The Department of Justice pushed hard for three years behind bars, but Zhao’s defense team argued he shouldn’t see a single day. In the end, Judge Richard Jones split the difference, handing…
Sam Bankman-Fried, the once-high-flying founder of FTX, is now facing 25 years behind bars. Judge Lewis Kaplan handed down the sentence—20 years plus an extra 60 months—putting a cap on a saga that’s rocked the crypto world. Kaplan didn’t just stop at the prison term; he also nailed Bankman-Fried for obstruction of justice, pointing to…
Sam Bankman-Fried, once the golden boy of crypto and the brain behind FTX, has been at the center of a legal storm since his exchange imploded in 2022. His trial wrapped up last year with a bang—a guilty verdict on all seven counts of fraud and conspiracy, pinning him for siphoning off about $10 billion…