Binance Sued by CFTC Over Evading U.S. Rules - WSJ: The agency alleges the operator of the crypto exchange violated U.S. rules that require futures and other derivatives to be traded on regulated platforms.
CFTC Charges Binance and Its Founder, Changpeng Zhao, with Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange | CFTC: The Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging Changpeng Zhao and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.
Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says - The New York Times: The C.F.T.C. wants to permanently ban the cryptocurrency exchange and its founder from commodities markets.
Cash-strapped biotech firm Codiak files for bankruptcy protection | Reuters: Codiak BioSciences Inc said on Monday it has filed for U.S. bankruptcy protection in the latest blow to the struggling drug developer's ambitions of making a COVID-19 vaccine.
Voyager Digital’s Sale to Binance.US Halted by District Court - Bloomberg: A federal judge granted the US government’s request to temporarily halt Voyager Digital Ltd.’s bankruptcy plan, putting the crypto lender’s proposed sale to Binance.US on hold.
Deals or Bust: Corporate Lawyers Map Out Path Ahead for 2023 | The American Lawyer: While the second half of 2022 didn’t see the “normal” countercyclical jump in restructuring and bankruptcy that normally accompanies a downturn in M&A work, Schaible said the conditions are good for a rise in those areas in 2023.
Virgin Orbit extends unpaid pause as deal collapses, talks continue: The company's late-stage deal talks, including with private investor Matthew Brown, collapsed over the weekend, people familiar with the matter told CNBC.