Law firm Fenwick & West sued for $525M over alleged role in FTX collapse
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Twenty FTX victims are suing Fenwick & West, claiming the law firm didnβt just represent FTX, it helped build the infrastructure that kept the fraud running.
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Twenty FTX victims are suing Fenwick & West, claiming the law firm didnβt just represent FTX, it helped build the infrastructure that kept the fraud running.
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BitGoβs headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.
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Paybis has secured both a MiCA crypto licence and a PSD2 payment institution licence from Latviaβs central bank, becoming the first company in the country to hold both simultaneously.
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EToro posted its strongest quarter as a public company, with net income up 37% to $82 million, but crypto trade volumes fell 32% in April.
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Exodus Movement reported a $32.1 million net loss in Q1, with revenue down 36.8% to $22.7 million amid a drop in monthly active users.
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Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes.
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CleanSpark posted a $378.3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines.
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Hyperliquid, EdgeX and Pump.fun returned a combined $96 million to token holders in 30 days, as the crypto community shifts its focus from transaction volumes to real earnings.
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South Korean crypto holdings fell to $41 billion from $83 billion in just over a year as investors shifted to stocks.
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Trump Mediaβs $405.9 million net loss was driven mostly by unrealized losses on Bitcoin bought at last summerβs peak and Cronos tokens acquired through a Crypto.com deal.