The Cyprus Securities and Exchange Commission (CySEC) has settled with Royal Forex Ltd for “any violation or possible violation” of local regulations. The brokerage operator paid...
Month: January 2023
Genesis Sought $1B Loan Before Halting Redemptions
The company failed to obtain emergency funds before suspending withdrawals. Key Takeaways Genesis reportedly sought a $1 billion emergency loan before it suspended withdrawals this week....
U.S. Regulators May Face Scrutiny Over FTX Links
Photo credit: Melissa Alcena/Bloomberg; Shutterstock background by cowardlion. Key Takeaways FTX’s collapse has raised suspicions about why regulators could not see the fraud coming. FTX filled...
FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing
Cover artwork: Jeenah Moon/Bloomberg/Getty Images, Relight Motion (edited by Mariia Kozyr) Key Takeaways A filing from FTX’s new CEO has more thoroughly revealed the shocking state...