SBF restricted from using Signal, communicating with FTX employees

Federal judge Lewis Kaplan has imposed communication restrictions on former FTX CEO Sam Bankman-Fried, as seen in a Feb. 1 court filing. The ruling imposes two restrictions. First, Bankman-Fried will be barred from using encrypted and self-deleting messaging apps, including Signal ⁠— a popular messaging app that he has used to contact associates in the…

Alameda Research sues Voyager for $446M to recover loan repayments

Defunct crypto hedge fund Alameda Research has sued bankrupt crypto lender Voyager Digital for $445.8 million. Alameda is trying to recover the loan repayments it made to Voyager in the 90 days preceding its own bankruptcy, according to a court filing on Jan. 30. Alameda filed for bankruptcy along with its sister company FTX in…

SBF’s bail bond co-signers may soon be named

The judge overseeing Sam Bankman-Fried’s criminal case has decided that the names of two bail bond signers can be revealed, as determined in a Jan. 30 filing. Bankman-Fried, the former CEO of FTX, was briefly detained in the U.S. following his extradition from the Bahamas on Dec. 21. When he was released on bail on…

Grayscale faces lawsuit from rival Osprey over long-awaited ETF conversion

Digital asset manager Grayscale faces a lawsuit from its much smaller competitor, Osprey Funds, as seen in a Connecticut court filing dated Jan. 30. According to Osprey, Grayscale falsely promised to turn its Grayscale Bitcoin Trust (GBTC) into a Bitcoin spot exchange-traded fund (ETF). Osprey said that Grayscale portrayed that outcome as a “foregone conclusion”…

NYDFS investigating Gemini over FDIC-related claims

The New York Department of Financial Services (NYDFS) is investigating Gemini over its claims related to Federal Deposit Insurance Corporation (FDIC) coverage, Axios reported on Jan. 30. Gemini Earn users are collectively owed $765.9 million by bankrupt Genesis. Some of these users claim they were misled by Gemini since they believed their assets to be…

Singapore financial watchdog’s chairman questions if regulating crypto legitimizes speculation

Chairman of the Monetary Authority of Singapore (MAS), Tharman Shanmugaratnam, spoke at the WEF23 and stated a controversial take on crypto regulations and questioned if regulating crypto could legitimize speculation, VulcanPost reported. Shanmugaratnam said: “I think whether it’s crypto or traditional finance, you have to regulate for things like money laundering — that’s very clear….

Justin Sun aims to get TRON adopted as legal tender in 5 nations by 2023

Tron founder Justin Sun aims to get TRON (TRX) accepted as legal tender in 5 countries this year. In a Twitter thread, Sun said that while the goal is “ambitious,” he is “confident” that it can become a reality. In a separate Twitter thread, Sun said it is important to look beyond the U.S. to…

Argo Blockchain hit with class action lawsuit over IPO misinformation

Argo Blockchain investors have filed a lawsuit alleging that the crypto miner made misleading statements and concealed important information during its initial public offering (IPO) filing. The Texas-based Bitcoin mining firm went public on Sept. 23, 2021, after submitting the required documents to the U.S. Securities and Exchange Commission (SEC). During its IPO, Argo issued…

Mango Markets exploiter slammed with new lawsuit

Mango Markets’ exploiter Avraham Eisenberg has been sued by the decentralized finance (DeFi) protocol developer, Mango Labs, according to a Jan. 25 court filing. Mango Labs alleged that Eisenberg executed a $114 million malicious attack on the DeFi protocol on Oct. 11, 2022, and bragged about it on Twitter. The firm wrote that: “[Eisenberg] manipulated…

FTX creditors include Google, Meta, Circle, Genesis, govt. agencies

FTX finally revealed its complete list of creditors on Jan. 25 but withheld the names of nearly 9.6 million users in accordance with a court order. The defunct crypto exchange owes millions of creditors, including U.S. and international government agencies, law firms, banks, media outlets, charitable foundations, marketing agencies and more. The creditor matrix brings…