Digital Currency Group countered the NYAG’s allegations, saying that after Three Arrows Capital collapsed, it invested hundreds of millions into Genesis.
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The NYAG reached a settlement with Genesis Holdco in a Feb. 8 filing and named it in an amended complaint on Feb. 9.
17851New York Community Bancorp acquired the assets and liabilities of the collapsed Signature Bank during the regional banking turmoil in 2023.
6240Quantum computing continues to advance, but so does classical computer science.
8918According to the New York regulator, Genesis had compliance failures that violated crypto and cybersecurity regulations, leaving the company “vulnerable to illicit activity.”
12069The New York Department of Financial Services (DFS) has approved Paxos' expansion to the Solana blockchain.
4947KuCoin users from New York will lose the ability to trade within 30 days and will have their accounts closed within 120 days.
5144Gene Borrello, a former prisoner at MDC, told crypto blogger Tiffany Fong that Sam Bankman-Fried was targeted for his timid nature and having “the body of the 80-year-old.”
14367Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.
2372Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS.
4953The museum’s acquisition of two NFTs marked its first on-chain and AI holdings.
3961The former head of legal and compliance at OneCoin faces up to 10 years in prison for her role in the $4 billion crypto trading scheme.
6323The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
5475A filing from New York Attorney General Letitia James alleges that the cryptocurrency companies defrauded investors of over $1 billion.
2706The administration for the mayor of New York City has released a plan for creating a framework for government agencies to utilize AI, along with the pilot of the city’s first AI chatbot.
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