Crypto exchange Bittrex will shut down its U.S. operations next month due to the current economic environment and lack of regulatory clarity in the country. The announcement comes on the nine-year anniversary of the exchange.
FTX EU, the European arm of Sam Bankman-Fried's bankrupt crypto exchange, has initiated the process to return funds to its customers. A dedicated website will allow customers to view their balance ahead of withdrawals.
MicroStrategy's $4 billion Bitcoin bet is inching towards profitability thanks to BTC's recent rally. Under Michael Saylor, the firm has acquired over 138,900 BTC for an average price of $29,817.
The Singapore High Court has approved a restructuring plan for Thai crypto exchange Zipmex. The exchange filed for bankruptcy in July 2022 following liquidity issues induced by Terra's collapse.
FTX Founder Sam Bankman-Fried who faces a litany of U.S. criminal charges will plead not guilty to all 13 counts alleged by federal prosecutors over the crash of FTX crypto exchange.
Sam Bankman-Fried is reportedly paying his lawyers using funds from a $10 million cash gift that he gave to his father in 2021. The gift was funded using a loan from Alameda Research.
Binance reportedly hid its ties with China after the latter's crackdown on crypto in 2017. CEO Changpeng Zhao reportedly instructed employees to hide information about the exchange's presence in China.
The United States and South Korea have both requested the extradition of Do Kwon from Montenegro. The country's Justice Minster has clarified that court proceedings in Montenegro will have priority over extradition.
Mike Novogratz's Galaxy Digital posted a net loss of $1 billion for the year ended December 31, 2022. The company reported a pre-tax income of $150 million for the first quarter of 2023.
