#exchange

The U.S. Securities and Exchange Commission (SEC) has charged the Texas-based mining company Geosyn and its founders, Caleb Ward and Jeremy McNutt, for engaging in fraudulent activities.

Cryptocurrency exchange WhiteBIT is set to list the world’s first boxing token, RTF, of the Ready to Fight project, co-founded by renowned Ukrainian boxer Oleksandr Usyk and his coach Serhii Lapin. Trading is scheduled to commence at 10:30 AM (UTC) on April 24, 2024.

U.S. authorities have indicted trader Avraham Eisenberg for orchestrating a fraud and market manipulation scheme on the decentralized exchange Mango Markets. The reports indicate that in late 2022, he intentionally drove up the price of the MNGO token by 1300%, leveraging it as collateral to secure a $110 million loan he failed to return.

New FTX CEO John Ray III, overseeing the exchange's bankruptcy, continues to draw a hefty salary of $1,575 per hour. In March 2024, he clocked 231 hours, netting $363,825, which annualizes to approximately $4.36 million, though these figures may vary from month to month.

Thailand's largest cryptocurrency exchange, Bitkub, is preparing for an Initial Public Offering (IPO) on the local stock market in 2025. CEO Jirayut Srupsrisopa has announced that the company is currently seeking financial advisors to prepare the necessary documentation and facilitate the listing process.

Over the past few days, decentralized exchange ShapeShift has climbed to the top spot in terms of daily trading volume facilitated by THORChain technology. ShapeShift's average transaction size reaches $123,697, significantly outpacing its competitors (DefiSpot, TS Ledger, THORSwap) by nearly double.

The WhiteBIT cryptocurrency exchange in collaboration with the Whitepay company, has backed the establishment of the NGO Space Territorial Community Representative Center in Dnipro, Ukraine. This center will function as a coworking space accommodating 25 organizations and community groups. It will offer facilities for various events, consultations, and educational programs. Importantly, the center will have 75 specialists providing psychological support to veterans and families of fallen soldiers.

The Securities and Exchange Commission (SEC) of the United States secretly investigated Dapper Labs, known for its NFT initiatives, concluding its probe on September 29, 2023. Fortune, an American business publication, disclosed this based on an internal agency document.

In a move by the bankrupt exchange FTX, between 25 to 30 million SOL tokens have been sold to Galaxy Trading and Pantera Capital for $64 each, according to anonymous sources cited by Bloomberg. This transaction is valued between $1.6 to $1.92 billion, though the exact date of the sale remains undisclosed.

Today, March 28th at 9:30 AM EST, a sentencing hearing for Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, is scheduled to take place in the Federal Court building in downtown Manhattan.