Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The scheme’s founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes.Publish at: March 08, 2023 at 10:01PM

Crypto Bank Silvergate Announces ‘Voluntary Liquidation’

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans.Publish at: March 08, 2023 at 09:41PM

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court hearing.Publish at: March […]