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CryptoCurrency

Binance Takes On CFTC with Plans to Seek Dismissal of Lawsuit

  • The regulator sued the exchange and its CEO for allegedly violating the Commodity Exchange Act.
  • Binance is expected to respond to the complaint on July 27.
Tuesday, 25/07/2023 | 08:00 GMT by Jared Kirui
CryptoCurrency

Celsius Hit with Multiple Lawsuits as Founder Alex Mashinksy Is Arrested

  • DOJ, SEC, CFTC and FTC filed complaints against Mashinkshy and the Celsius Network.
  • Celsius filed for bankruptcy in July 2022, citing market volatility.
Thursday, 13/07/2023 | 17:30 GMT by Solomon Oladipupo
Retail FX

US Court Orders Pool Operator to Pay over $24M for FX Fraud

  • Kay Yang along with her companies illegally solicited at least $15.7M from investors.
  • CFTC continues to crackdown on fraudulent FX schemes.
Thursday, 15/06/2023 | 21:05 GMT by Solomon Oladipupo
Institutional FX

CFTC Warns Derivatives Clearinghouses against Expansion into Crypto

  • The derivatives watchdog raised concerns about crypto cyber security risks.
  • The CFTC tasked clearinghouses with identifying 'new, evolving or unique risks'.
Tuesday, 30/05/2023 | 22:31 GMT by Jared Kirui
Retail FX

California Resident to Pay $4.7 Million for Options Fraud

  • She defrauded at least 29 individuals or entities of more than $2 million.
  • She already pled guilty to criminal charges.
Friday, 26/05/2023 | 09:45 GMT by Arnab Shome
Institutional FX

CFTC Slaps HSBC with $45M Fine for ‘Manipulative and Deceptive Trading’

  • The alleged violation occurred between March 2012 and 2015.
  • CFTC fights use of personal messaging channels for business deals.
Friday, 12/05/2023 | 20:38 GMT by Solomon Oladipupo
Binary Options

US Operator of Binary Option Brands Fined $516K for $10M Scam

  • In January, Jared Davis and his firm were fined $6.4M in various penalties.
  • The binary options operator was charged by the CFTC in September 2019.
Friday, 28/04/2023 | 21:09 GMT by Solomon Oladipupo
Retail FX

South African CEO to Pay $3.4 Billion for Forex Fraud

  • The CEO defrauded investors worldwide of 30K BTC between 2018 and 2021.
  • US derivatives watchdog charged Cornelius Steynberg in July last year.
Thursday, 27/04/2023 | 21:59 GMT by Solomon Oladipupo
Retail FX

News Nuggets | 26 April: FMA Flags Fraud Broker; New FX Pairs on Admirals

  • Also, a new CEO at OneID; and Marex Solutions' partnership.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 26/04/2023 | 10:23 GMT by Finance Magnates Staff
Retail FX

CFTC Sues 14 Retail FX Dealers for False Registration Claims

  • The platforms claim to be based in the US, UK and Sweden, the CFTC said.
  • Some of the dealers include Cross Trade FX, Volfxtrade, TFX Trading and Bit Trading.
Friday, 21/04/2023 | 20:50 GMT by Solomon Oladipupo
CryptoCurrency

Former New York Banker Faces Criminal Charges for Crypto Scam

  • He was arrested on Monday and arraigned on Tuesday afternoon.
  • The CFTC also filed a civil lawsuit against him.
Wednesday, 12/04/2023 | 06:49 GMT by Arnab Shome
Institutional FX

Goldman Sachs Fined $15M for Swap Disclosure Lapses

  • The violations happened between 2015 and 2016.
  • Goleman Sachs agreed to the charges as a part of the settlement.
Tuesday, 11/04/2023 | 06:05 GMT by Arnab Shome
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

Binance Allegations Veer into the Darkly Absurd

  • CFTC allegations against Binance include a trove of details taken from internal chats.
  • Claims that crypto is under attack ignore alleged wrongdoing at crypto companies.
Tuesday, 28/03/2023 | 10:56 GMT by Sam White
CryptoCurrency

Binance CEO Calls CFTC Lawsuit “An Incomplete Recitation of Facts”

  • The CFTC brings a massive lawsuit against Binance and its CEO.
  • The exchange faces allegations of insider trading and market manipulation, among others.
Tuesday, 28/03/2023 | 08:02 GMT by Arnab Shome
CryptoCurrency

CFTC Sues Binance, CEO for Illegal Derivatives Exchange: “Numerous Violations”

  • The derivatives regulator described Binance's compliance process as a "sham."
  • CFTC also charged Binance's ex-CCO, Samuel Lim
Monday, 27/03/2023 | 17:17 GMT by Solomon Oladipupo
Op-ed
Op-ed
Retail FX
Op-ed
Op-ed

Data Volumes Are Growing Rapidly, and so is the Need to Archive Them

  • Record-Keeping Requirements Continue to Intensify.
  • 4 digital archiving trends that will shape the remainder of 2023.
Thursday, 23/03/2023 | 20:05 GMT by Harriet Christie
CryptoCurrency

US Regulators Charge FTX’s Senior Executive Nishad Singh with Fraud

  • Associates Caroline Elison and Gary Wang pleaded guilty in December last year.
  • Samuel Bankman-Fried pleaded not guilty to eight count charges in early January.
Tuesday, 28/02/2023 | 20:51 GMT by Solomon Oladipupo
Retail FX

CFTC Busts $145M FX Ponzi Schemes, Charges Masterminds

  • The three schemes were interconnected.
  • The agency already received a court order to freeze the defendants' assets.
Friday, 24/02/2023 | 05:19 GMT by Arnab Shome
CryptoCurrency

CFTC Busts California Firm and CEO for $7M Crypto Ponzi Scheme

  • The scheme offered the investors a daily return of at least 2.5 percent.
  • It claimed to be using "Robot Traders" to trade with customers' digital assets.
Friday, 17/02/2023 | 08:06 GMT by Arnab Shome
CryptoCurrency

CFTC Charges Mango Markets Manipulator with Fraud

  • It is the first regulatory enforcement action for decentralization platform manipulation.
  • The defendant is already facing criminal charges brought by the DoJ.
Tuesday, 10/01/2023 | 05:29 GMT by Arnab Shome
Retail FX

CFTC Fines CHS Hedging $6.5 Million for AML Breaches

  • The penalty was related to the activities of one of FCM's customers.
  • The customer paid $167 million in margin calls over four years.
Wednesday, 21/12/2022 | 06:23 GMT by Arnab Shome
Institutional FX

CFTC Charges Glen Point Capital for FX Market Manipulation

  • Its Co-CIO manipulated USD/ZAR prices for receiving payouts from two binary options contracts.
  • He even explicitly revealed his market manipulation intentions to the bank salesperson.
Friday, 16/12/2022 | 05:56 GMT by Arnab Shome
CryptoCurrency

US’ CFTC Charges Bankman-Fried, FTX.com and Alameda with Fraud

  • The regulator said the defendants' action resulted in a loss of over $8 billion.
  • The CFTC accused Bankman-Fried of manipulating FTX.com's codes to favour Alameda Research.
Tuesday, 13/12/2022 | 19:24 GMT by Solomon Oladipupo
Retail FX

CTAX Pool and Introducing Broker to Pay over $2.3 Million for Fraud

  • CTAX operated between July 2014 and March 2019.
  • Reckless trading with the pool funds resulted in an 89 percent loss of pool assets.
Wednesday, 26/10/2022 | 06:49 GMT by Arnab Shome
Retail FX

MIAX-Owner Completes CFTC-Regulated FCM Dorman Trading

  • The financial terms of the deal are not known yet.
  • It will expand the offerings of the holding company.
Monday, 24/10/2022 | 09:41 GMT by Arnab Shome
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