Former NYSE Broker Ordered to Pay $54 Million in Penalties for Crypto Fraud
Former NYSE broker Michael Ackerman has been ordered to pay $54 million in penalties for running a cryptocurrency fraud scheme, defrauding investors and misusing funds. Key Points A federal court has ruled that former New York Stock Exchange (NYSE) broker Michael Ackerman must pay $54 million in penalties for running a cryptocurrency fraud scheme, according to a press release from …
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Binance Continues Using Suspected Ethereum Account for Commingling Funds
Binance, a prominent cryptocurrency exchange, continues to employ the Ethereum account that has been accused of intermixing clients’ funds. Binance faced charges from the Securities and Exchange Commission (SEC) earlier this month, alleging that the exchange had combined funds into accounts held by entities which were under the control of Changpeng Zhao (commonly known as CZ), namely Sigma Chain and …
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