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US Bank Shuts Down Operations, Ending Crypto Experiment with Customer Holdings

Bitro ConwellFeb 6, 20243 min read

US Bank Vast Bank Exits Crypto Market Oklahoma-based Vast Bank, known for being the first US bank to integrate crypto trading into its checking accounts, has…

Executives of Crypto Yield Firm Haru Invest Apprehended in South Korea for Money Laundering Customer Funds

Wyatt NewsonFeb 6, 20242 min read

Top Executives of Haru Invest Arrested for Crypto Fraud in South Korea On Monday, the Seoul Southern District Prosecutors’ Office arrested three individuals, including the CEO…

Weekly Recap: Global Crypto Regulation, Ripple Co-Founder’s Security Breach, FTX’s Commitment to Customer Reimbursement

Noah RyptonFeb 4, 20244 min read

This week witnessed a surge in global crypto enforcement actions, with the U.S., Germany, and Hong Kong making significant moves. Ripple co-founder Chris Larsen fell victim…

How a Customer Dealt with Wells Fargo’s Refusal to Compensate After $4,000 Disappears from Safe Deposit Box

Daisy HodleyFeb 3, 20242 min read

A Customer’s Shocking Discovery A Wells Fargo customer recently experienced a shocking incident when he discovered that $4,000 in cash had disappeared from his safe deposit…

FTX Announces Customer Repayment and Decision to Not Resume Exchange Operations

Althea BurnettFeb 1, 20242 min read

The End of FTX Exchange: A Tumultuous Period After facing financial instability and managerial controversies, FTX exchange has made the decision to permanently shut down its…

FTX’s Restructuring Strategy: Focused on Complete Customer Reimbursement without Relaunching Platform

Blount CharlestonFeb 1, 20243 min read

FTX Aims to Fully Reimburse Customers and Creditors in Restructuring Plan FTX, a former leading cryptocurrency exchange, has undergone a turbulent period in late 2022. The…

FTX Abandons Relaunch Efforts, Shifts Focus to Customer Repayment

Blair ConnollyFeb 1, 20242 min read

Bankrupt cryptocurrency exchange FTX will no longer exist and has abandoned its efforts to relaunch the platform. The exchange plans to repay all customers once it…

FTX’s Pledge: Full Customer Repayment Assurance as Exchange Revival Plan is Abandoned

Cino GaperiFeb 1, 20242 min read

FTX Expects to Reimburse FTX, the bankrupt crypto exchange, informed the overseeing judge that customers and creditors who can prove their losses are expected to receive…

FTX Shifts Focus to Asset Liquidation for Customer Repayment, Abandoning Restart Plans

Bitro ConwellFeb 1, 20243 min read

FTX Abandons Efforts to Restart Crypto Exchange and Shifts Focus to Asset Liquidation In a recent court hearing in Delaware, the failed crypto exchange FTX announced…

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