Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
The recent allegations were a deflection of blame from parties responsible for marketing and operating Gemini Earn, according to DCG.
Soumen Datta 1 min read 
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
The National Tax Service opened a "special tax investigation" into Bithumb, including the individual Kang Jong-hyeon, who is alleged to be the company owner.
Barry Silbert allegedly lied to Gemini and over 340,000 users that DCG had injected about $1.2 billion to support Genesis after the 3AC collapse.
Coinbase's CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase's shares were up almost 3% premarket after the announcement.
Huobi Korea chairman Jo Guk-Bong will buy the majority stakes from Huobi global founder Leon Lin.
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
FTX founder Sam Bankman-Fried's Robinhood shares equate to $455 million.
Some charities have voluntarily agreed to return the funds, some have already spent the money, while others are awaiting legal clarity.
