(Reuters) -The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance programme. The CFTC sued Binance, Zhao and its former top compliance executive with “willful evasion”…
The largest bank failure since the financial crisis occurred on Friday when Silicon Valley Bank in Northern California went bankrupt due to a run on its accounts. Fears are being raised that other small and regional banks may experience similar pressure in the face of rising interest rates and declining deposits in light of SVB’s…
CLEVELAND — The Cuyahoga County Prosecutor’s office and the Secret Service Field Office in Cleveland unsealed an indictment in a major cryptocurrency scam on Thursday. Three individuals and one business are indicted on a charge of engaging in a pattern of corrupt activity among several other charges for operating cryptocurrency kiosks in Northeast Ohio. In…