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Liquidators of Crypto Fund Three Arrows Seek to Fine Co-Founder $10,000 Per Day

Liquidators of Three Arrows Capital want a judge to fine co-founder Kyle Davies $10,000 per day, claiming their ability to unwind the failed cryptocurrency hedge fund has been impeded by his refusal

SEC Enforcement Chief Rejects Criticism of Crypto Crackdown

A top U.S. Securities and Exchange Commission (SEC) official on Friday rejected criticism of the regulator's cryptocurrency crackdown and slammed the sector for violating securities laws, Reuters

Binance Reaches Deal With Government to Avert U.S. Shutdown

The Securities and Exchange Commission reached a deal with Binance late Friday that would allow the world’s largest cryptocurrency exchange to keep operating in the United States and safeguard

Customers Bancorp Buys $631 Million in Signature Loans at Discount

Customers Bancorp Inc. purchased $631 million of loans that belonged to Signature Bank, the latest example of a financial firm snapping up at a steep discount assets associated with a failed U.S

Frac Sand Mining Business and Quarry Lands in San Antonio Bankruptcy Court

Proppant Tech Services LLC began producing frac sand — used for hydraulic fracturing, or fracking, to drill in rock — to sell to oil and gas companies or other sand processors in August at a 179-acre

Senators Introduce Bipartisan Bill to Allow Seizure of Pay from CEOs of Failed Banks

The top senators on the Senate Banking Committee unveiled bipartisan legislation on Thursday that would allow regulators to claw back compensation from senior executives of failed banks, The Hill

Mallinckrodt Seeks Relief From Opioid Settlement Payment

Drugmaker Mallinckrodt is seeking to postpone or not pay in full the $200 million payment due today to an opioid-victims compensation trust, according to people familiar with the company’s planning

Banq Files for Bankruptcy as Prime Trust’s Struggles Spread

The bankruptcy of a Prime Trust subsidiary is yet another indication that ‘crypto winter’ is a long, long way from thawing, CoinGeek.com reported. On Tuesday, Nevada-based crypto-friendly payment

Crypto Lender Abra Is Insolvent, Made Transfers to Binance, State Regulators Say

Crypto lender Abra has been insolvent or nearly insolvent since the end of March, Texas regulators said yesterday, the Wall Street Journal reported. In an emergency cease and desist order, the Texas

Bittrex Withdrawals Set to Resume After Bankruptcy Court Gives Green Light

Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the U.S. Bankruptcy Court for the District of Delaware, Cointelegraph