Investigation
Poland Investigates Zondacrypto as CEO Reportedly Flees
Polish prosecutors are probing Zondacrypto for alleged fraud, with CEO Przemysław Kral reportedly fleeing to Israel. Losses may exceed $97 million.
South Korea Probes OKX for Unregistered Operations
South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association.
Health Concerns Arise at ApeFest 2023: Investigation Links Symptoms to UV-A Lighting
Yuga Labs has investigated health issues following ApeFest 2023, identifying UV-A lights as the probable cause. Those affected are advised to seek medical advice and contact Yuga Labs for support.
Binance Crypto Withdrawals Spike Before CFTC Accusations
Almost a billion dollars in cryptocurrency was withdrawn from Binance shortly before the US CFTC accused the exchange of regulatory violations. The total amount withdrawn from multiple platforms in the 12 hours preceding the indictment was almost $1.5 billion, with over half of that amount coming from Binance. Despite the withdrawals, Binance still holds over $63 billion worth of cryptocurrency assets.
Signature Bank Under Investigation by US Government Bodies
Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was closed on March 12 as part of a series of bank closures that also included Silvergate Capital and Silicon Valley Bank.
Voyager reportedly sells assets on Coinbase exchange
Lookonchain showed Voyager using 23 tokens worth over $100 million.
Silvergate Bank Probed by DOJ for Ties to FTX Exchange
Prosecutors are investigating Silvergate's Alameda accounts.
U.S. Federal prosecutors allege that Sam Bankman-Fried has used money from FTX exchange to invest in the VC
SBF contributed $400 million in Modulo Capital. Prosecutors believe Modulo investment was made using stolen or illegal funds.
Coinbase Is Under SEC Scrutiny for Staking Programs
Coinbase mentioned in its quarterly earnings report that it is under the regulator’s investigation concerning its staking packages.
Hotbit Suspends Trading, Withdrawals amid Criminal Investigation
Crypto exchange Hotbit announced it had suspended all financial and trading services as part of the capital was frozen by watchdogs that a former employer was involved in a criminal case that is under investigation.