The lawsuit accuses Silvegate Bank for abetting FTX’s fraudulent activities through improper transfers, lending user funds and comingling funds.
O’Leary said that FTX and Binance “were at war with each other and one intentionally put the other out of business”.
In recent update on withdrawals, Binance chief said “things seem to have stabilized” and that “deposits are coming back in”.
SBF’s arrest happens just a day before his scheduled Congressional hearing. His extradition to the U.S. might happen soon.
After being threatened of receiving a subpoena, FTX founder finally agreed to testify before the Congress.
The probe relates to the suspicions “unlicensed money transmission, money laundering conspiracy, and criminal sanctions violations” by Binance.
The NYTimes report noted that there was a flood of sell orders for TerraUSD (UST) from crypto exchange FTX in May this year.
The Bank Indonesia has planned a three-phase rollout of Digital Rupiah for wholesale use as well as retail use. It also wants to ensure that the Digital Rupiah is used for cross-border transactions.
The banking giant said that they are keen to spot some long-term opportunities amid a massive shakeout in the crypto sector.
Elon Musk hints at bringing Dogecoin (DOGE) payments to Twitter. Lefts ban on several accounts tweeting about DOGE.