Letitia James | FinTelegram News

Tag: Letitia James

Law Enforcement

May 21, 2024

New York Attorney General Secures $2 Billion Settlement from Collapsed Crypto Scheme Genesis!

New York Attorney General Letitia James has successfully secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, LLC, Genesis Asia Pacific PTE, LTD., and Genesis Global Holdco, LLC. The settlement aims to maximize recoveries for investors defrauded by these entities. Due to Genesis' prior bankruptcy declaration, this historic settlement requires bankruptcy court approval.

Crypto
SEC

March 23, 2023

U.S. Crypto Exchange Coinbase Faces Existential Regulatory Issues!

Coinbase, a public-listed U.S. crypto exchange, has troubles with the U.S. Securities and Exchange Commission (SEC), which has threatened to sue Coinbase over some of the crypto exchange's products. The regulator gave Coinbase a Wells notice, typically one of the final steps before the SEC formally issues charges. The SEC qualifies some of the company's assets and services as securities, including its staking services.

January 7, 2023

Crypto Court Season: Disgraced Celsius Founder Alex Mashinsky Sued For Crypto Fraud!

She did it again! She is famous for going after crypto schemes and their operators. New York Attorney General Letitia James filed a civil lawsuit against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars with his crypto lending scheme by hiding its true financial situation. Mashinsky allegedly continued to promote Celsius as a safe alternative to banks and paid up to 17% interest on deposits while already deep in shit!

November 3, 2020

Update on the Crypto Capital Corp Shadow Banker Case

The superseded indictment against U.S. citizen Reginald Fowler and his Israeli partner Ravid Yosef was unsealed in early 2019. They are charged with operating an unlicensed money transmitting business, bank fraud, and wire fraud. All this is said to have been done on the basis of cryptocurrencies and hundreds of millions of dollars are said to have been moved around the globe. This case is closely connected to the Bitfinex Case around a lawsuit.

July 24, 2019

Bitfinex and Tether case in New York – Another bid for matter dismissal

In an explosive filing on April 25, 2019, the New York Attorney General alleges that the crypto-exchange Bitfinex conspired with Tether, a closely related entity..

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.