CRYPTO

US Orders FTX, Alameda To Pay $12.7 Bn To Victims

A US agency said it won a court order for a $12.7 billion judgment against FTX and affiliate in the wake of the scandal involving former chief Sam Bankman-Fried, shown in December 2022
Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.
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Crypto coins

Did SEC Withdraw Securities Claim On Solana, Cardano, Polygon?

A new filing by the SEC in its case against Binance has led some in the crypto space to conclude that the regulator has back-pedaled in its claims that some altcoins are unregistered securities, but some experts said the development may have been misinterpreted.

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