US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse
Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator's probe into protections the firms had in place if a failure similar to FTX’s occurred again.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator's probe into protections the firms had in place if a failure similar to FTX’s occurred again.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Coinbase Explains Cold-Storage Defences After Binance Breach Shakes Crypto Industry
TL;DR: Coinbase says it was not affected by the reported Binance hot-wallet incident and that more than 99% of customer assets are...
Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29
Bitcoin Magazine Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29 Binance will close cu...
South Korea Tightens Crypto Exchange Defenses After Binance’s $6.3B Security Breach
Key Takeaways: South Korea announced that it will examine local crypto exchanges following a $6.3 billion hack at Binance. The exc...
CFTC Says US-Regulated Exchanges Can Begin Trading Individual-Stock Perpetual Futures
TL;DR: CFTC chairman Michael Selig said on November 3 that individual-equity perpetual futures can begin trading on appropriately...
Blumenthal Investigation Targets Binance, Tether and Trump Crypto Firms as Senate Sets January Deadline
U.S. Senator Richard Blumenthal, following his investigation, has given Binance, Tether, and two Trump crypto companies until Janu...
Circle Says It Froze $1.1B in USDC Linked to Binance Hack Investigation
TL;DR: Circle says it froze roughly $1.1 billion in USDC connected with the reported Binance exploit while working with law enforc...