Monthly Archives: April 2024

Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance

The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX and Binance, according to a letter seen by CoinDesk. The letter, addressed to Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFls), Other Financial Institutions (OFIs) and members of the public, also cautioned and reminded…

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Supreme Court SEC Disclosure Ruling Confusing for Courts, Markets

The court’s decision that only “half-truths” are actionable whereas “pure omissions” aren’t means that investors, lawyers, and judges now must analyze Item 303 violations carefully to categorize them. If that supposedly bright-line distinction evades the average reader, the justices provided a quaint analogy: “The difference between a pure omission and a half-truth is the difference between a child not telling…

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Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17

Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges. Gambaryan, an American citizen and former Internal Revenue Service (IRS) special agent, is Binance’s head of financial crime compliance. He and a colleague, Binance’s…

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Failed Mt. Gox’s $9 Billion of Bitcoin Closer to Being Disbursed – Bloomberg

Some creditors of the Mt. Gox crypto exchange said they received updates on their claims, indicating the officials winding up the platform are stepping up efforts to return a $9 billion Bitcoin hoard. The updates included information such as the number of digital tokens to be returned and in some cases repayment dates, according to the creditors. Mt. Gox’s trustee…

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Sam Bankman-Fried agrees to help FTX investors in lawsuits against Tom Brady, Larry David

Investors in Sam Bankman-Fried’s bankrupt crypto firm FTX agreed to drop their claims against the convicted fraudster in exchange for his cooperation in lawsuits against other defendants — including celebrities Tom Brady, Gisele Bundchen and Larry David who promoted the company before its stunning collapse. According to the settlement — filed by a group of FTX investors in Miami federal…

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