The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt Gox, one of the world's earliest, biggest and most widely publicized alleged bitcoin heists.

The department in a statement said Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt Gox, which collapsed in 2014 after losing what was then worth about half a billion dollars in cryptocurrency.

US charges two Russians in hack of Mt Gox crypto exchange

(June 9): Two months after the collapse of Silvergate Capital Corp and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US.

A new crypto banking system arises under the shadow of a regulatory crackdown

Crypto exchange Binance.US said on Thursday (June 8) it is stopping US dollar deposits and users will soon not be able to withdraw dollars from the exchange, after US financial regulators said they supported freezing Binance's assets.

Binance.US to halt dollar deposits after SEC crackdown

Crypto exchange Binance and related entities shuttled some US$70 billion through accounts at now-defunct Silvergate Bank and Signature Bank from 2019 up until this year, including “large amounts of money” flowing in and out within days, according to new details revealed in a filing Wednesday.

Binance money trail reveals US$70 billion flowing through banks 

A pair of Senate Democrats wants the Justice Department to investigate whether crypto exchange Binance Holdings Ltd lied to lawmakers about its business practices.

Senators say Binance appears to have lied to US lawmakers

Commonwealth Bank of Australia (CBA) said on Thursday (June 8) it would block some payments to certain cryptocurrency exchanges as part of a suite of new anti-scam measures that would limit customer crypto payments.

Australia's largest bank blocks payments to some crypto exchanges

Coinbase chief executive Brian Armstrong on Wednesday (June 7) hit back at US Securities and Exchange Commission (SEC) chair Gary Gensler over the agency's lawsuit against the crypto exchange, calling him an "outlier", while also reassuring customers that their funds were safe.

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

Cathie Wood’s funds boosted their holdings of Coinbase Global Inc, as shares slumped after the Securities and Exchange Commission (SEC) accused the company of operating an unlawful exchange.

Cathie Wood boosts Coinbase stake as SEC crypto crackdown widens

(June 7): A bout of Bitcoin turbulence caused by US Securities and Exchange Commission lawsuits against key crypto exchanges may be a precursor to short-term gains in the token, if history is any guide.

The largest digital asset sank more than 5% on Monday (June 5), before recovering ov...

Bitcoin’s bounce from turbulence sparked by SEC suits signals more gains if history is right

NEW YORK/WASHINGTON/TOKYO/SINGAPORE (June 6): The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation.

US tightens crackdown on crypto with lawsuits against Coinbase, Binance

The US Securities and Exchange Commission on Tuesday (June 6) sued Coinbase, accusing the largest US cryptocurrency exchange of operating illegally because it failed to first registered with the regulator.

US SEC charges crypto platform Coinbase, one day after suing Binance 

Investors have pulled around US$790 million (RM3.6 billion) from the crypto exchange Binance and its US affiliate in the last 24 hours, data firm Nansen said on Tuesday (June 6), a day after a top US regulator sued both exchanges.

Binance, US affiliate hit by net outflows of US$790m in last 24 hours, data shows

A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent US affiliate, including an account that held American customers’ funds, bank records show.

Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

Cryptocurrencies slumped across the board after the US Securities and Exchange Commission (SEC) accused Binance Holdings Ltd of mishandling funds and lying to regulators.    

In the lawsuit, the SEC also alleged that certain tokens — including Solana, Cardano, Polygon, Filecoin, Cosmos, Sandbox, Decentraland, Algorand, Axie Infinity, and COTI — that traded on Binance.com and Binance.US were offered and sold as securities, a move that could have wide implications for other exchanges that offer these tokens. Solana fell as much as 13%, while Cardano dropped 8%, Polygon slipped 6% and Filecoin slumped 10%.

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