Tag: customer
Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds
"Similarly, Kraken has held at times more than $5 billion worth of its customers’ cash, and it also commingles some of its customers’ cash with some o [...]
Swan Bitcoin to terminate customer accounts that use crypto-mixing services
Bitcoin service platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to t [...]
LedgerX highlights CFTC regulatory gap in customer asset rules
The U.S. Commodity Futures Trading Commission (CFTC) has focused its attention on how companies handle customer assets. Nevertheless, this fresh regul [...]
Ex-FTX Unit LedgerX in Gray Area Beyond U.S. CFTC Proposal on Customer Funds: Commissioner
Friday's proposal, which details how regulated firms must only put customer assets into an expanded list of the most liquid of investments, doesn't co [...]
‘Every customer solution’ will be integrated with AI: Microsoft CEO Satya Nadella
Microsoft looks set to go all-in on artificial intelligence, with CEO and chairman Satya Nadella outlining intentions to integrate AI with essentially [...]
'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds
Can Sun testified on day 12 of the Sam Bankman-Fried trial.
www.coindesk.com [...]
FTX Used Customer Funds to Buy Back Binance Stake, Accounting Prof Reveals
“Oh, yes,” Easton said when asked by the court whether FTX ever spent user deposits. The professor testified these user deposits were reinvested into [...]
Bankrupt Crypto Exchange FTX Proposes Returning Up to 90% of Customer Funds
Binance has long been the world's largest cryptocurrency exchange by trading volume. Still, on Monday, traders looking to buy and sell bitcoin (BTC) q [...]
FTX Plans to Return 90% of Customer Funds, But There's a Catch
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.
www.coindesk.com [...]
SBF Trial: What Did FTX’s Terms of Service Say About Customer Funds?
A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud bec [...]
Statement Of Commissioner Christy Goldsmith Romero On The Importance Of Retail Customer Protections And Anti-Money Laundering In Precious Metals Markets And Foreign Currency (Forex) Markets
In my 18-month tenure at the CFTC, I have seen too many retail customers become victims of illegal acts in precious metals markets and foreign currenc [...]
Tether reportedly shuts USDT redemption for some Singapore customer groups
Tether, the largest stablecoin issuer behind USDT, has reportedly changed its terms of services (ToS) in Singapore. An email shared by the decentrali [...]
FTX, BlockFi Customer Details Compromised Due to Kroll Data Hack
Kroll, which did not immediately respond to a request for comment from CoinDesk, is a bankruptcy service provider for numerous companies, not just in [...]
Companies crack down on customer perks and rewards like airline miles
Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagi [...]
Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Used Customer Money to Buy Crypto
Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into [...]