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Tag: Silvergate Bank

SBF’s Fraud Defense Centered Around Legal Advice from Old Law Firm

Sam Bankman-Fried’s lawyers plan to argue that their client was acting on the advice of a Silicon Valley law firm with regards to...

CZ Lists Reasons Why Binance Decided Not to Buy a Bank

Following increased regulatory action from the SEC and other local and global watchdogs, members of the crypto community have been worrying about the...

Binance Australia’s $9k BTC Discount Signals Investor Concern

Australian investors' concerns about the future of their positions have led to Bitcoin (BTC) on Binance Australia being sold at a significant discount compared to competing platforms...

FTX 2.0 coming up, Multichain FUD and Worldcoin raises $115M: Hodler’s Digest, May 21-27

Top Stories This Week Binance suspends deposits for bridged tokens, seeks clarity from Multichain team Crypto exchange Binance suspended deposits for 10 bridged...

A Stablecoin Bank Run Could Pose “Systemic Risk” to the Financial System: EU Watchdog

The European Systemic Risk Board (ESRB) published a report on Thursday outlining the top 3 nightmare scenarios in which a crypto industry crisis...

Binance Accused of Commingling Customer Funds and Revenue, Says Reuters Report

Binance, the world's largest cryptocurrency exchange, is facing allegations of having commingled customer funds with company revenue in 2020 and 2021, violating U.S. financial...

Former Binance Insiders Claim Exchange Commingled User Funds and Revenue: Report

Binance customer funds flowed into an account at Silvergate Bank and were mixed with company revenues, according to a report from Reuters. ...

Binance Jumbled Customer Funds with Company Revenue: Report

Binance, the largest cryptocurrency exchange by trading volume, mixed up customer funds with company revenue between 2020 and 2021, Reuters reports on Tuesday, citing “three sources...

Binance Refutes Reuters’ Claims of Commingling: “Story is so weak”

Key Takeaways Reuters published an article on May 23 that stated that Binance allegedly commingled customer money based on an insider scoop. Binance denies the allegations,...

United States Senators Lash Out At Signature’s Executives For Blaming Bank’s Collapse On Crypto After “Reckless” Management

Advertisement &nbsp &nbsp A former executive of Signature Bank has made several attempts to heap blame for the bank’s failure on digital assets.  After...

Signature Execs Say Crypto-Friendly Bank Was in Solid Shape – Decrypt

Two executives from Signature Bank reiterated on Tuesday that the now-defunct lender didn’t need to be shut down, weighing in before Congress on a...

Tron’s Justin Sun Puts Skin in Meme Coin Game. Pledges Profits to Charity

Tron’s Justin Sun has made a grand statement involving meme coins and charity. As expected, interesting reactions have trailed the Tron founder’s statements. The...

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