Coinbase Requests US Judge to End Violation Lawsuit Filed by SEC

Coinbase Requests US Judge to End Violation Lawsuit Filed by SEC

ByNews Polite

Coinbase Global on Friday asked a judge to end the US Securities and Exchange Commission’s lawsuit accusing the world’s largest publicly traded cryptocurrency exchange of violating federal securities laws. In a filing in federal court in Manhattan, Coinbase said the SEC had no authority to pursue its lawsuit because the…

FTX Creditors May Number Over 1 Million, Crypto Exchange’s Bankruptcy Filings Show

FTX Creditors May Number Over 1 Million, Crypto Exchange’s Bankruptcy Filings Show

ByNews Polite

Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in US bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened probes and the crypto pain spread with the Wall Street Journal reporting BlockFi was planning layoffs and a possible bankruptcy filing. FTX’s late…