The post Bithumb Owner Kang Arrested In South Korea Over Embezzlement appeared first on Coinpedia Fintech News Kang Jong-hyun, the purported de-facto proprietor of the local bitcoin exchange known as Bithumb, was taken into custody by South Korean authorities on allegations of stock manipulation and embezzlement, respectively. The Seoul Southern District Court issued the warrant […]
Randall Crater, Founder of “My Big Coin” Sentenced
A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million. (Read More)
The January figures are 92.7% lower than the $121.4 million
In January, crypto attacks cost PeckShield $8.8 million, compared to $121 million last year. (Read More)
Celsius’ Official Creditor Committee Denies Rejected Bids
Celsius Official Committee of Unsecured Creditors attorneys have criticised crypto blogger Tiffany Fong for releasing information about prospective Celsius offers, saying it would hurt negotiations. (Read More)
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines. (Read More)
Hopes Dashed for India’s Crypto Community
The Indian crypto community was upset that the budget did not address crypto, hoping for a 30% tax decrease. (Read More)
U.K. Treasury Proposes Ambitious Crypto Regulations
The UK Treasury labelled algorithmic stablecoins “unbacked crypto assets” rather than banning them. (Read More)
Tether Denies Receiving Any Loans From Celsius
Tether’s chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius’ examiner report. (Read More)
Binance’s New Blockchain Platform Aims to Build Web3 Infrastructure
BNB Chain stores storage metadata, while third-party storage providers store data. (Read More)
FTX and Affected Parties Request Subpoenas for Information from close relatives
FTX subpoenas Sam Bankman-Fried and colleagues for bankruptcy proceedings. (Read More)