Joel Khalili

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Lawmakers Are Out for Blood After a Hack of the SEC’s X Account Causes Bitcoin Chaos

A raft of US senators have demanded answers from the Securities and Exchange Commission (SEC) after a security incident led to false and market-moving information being published by the financial regulator.At 4:11...

The Race to Fill Crypto’s FTX-Shaped Hole

The fall of FTX created a “huge vacuum” in the cryptocurrency market, says Can Sun, cofounder of Backpack, a new crypto exchange under development in the United Arab Emirates. Sun knows that...

Fresh Bitcoin Hype Shows Crypto Just Can’t Help Itself

The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto...

CZ Has Left Binance, SBF Is in Jail. Crypto Is About to Get Boring

The world’s largest crypto exchange, Binance, and its founder, Changpeng Zhao, pleaded guilty yesterday to criminal charges in the US, releasing a wave of pent-up tension that had hung over the crypto...

Crypto Started With Grand Dreams, Then Backroom Deals. Now It’s Mired in Lawsuits

Joel Dietz says crypto is rotten, and he’s going to court to try to prove it. Dietz is a self-described “founding member” of Ethereum, the computer network on which the world’s second-largest...

Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

Binance chief executive Changpeng Zhao is stepping down as part of a settlement with the US Department of Justice (DOJ), according to multiple reports. The Wall Street Journal reports that Zhao will...

A DOJ Settlement Would Show Binance Is Too Big to Fail

For the past five years, the US Department of Justice has reportedly been investigating Binance, the world’s largest crypto exchange, for suspected money laundering, unlicensed money transmission, and criminal sanctions violations. But...

Sam Bankman-Fried Sealed His Fate Long Before the FTX Trial

The simplest legal advice is to say nothing at all. Sam Bankman-Fried, founder of crypto exchange FTX, who recently took to the stand at his own fraud trial, isn’t very good at...

Joel Khalili

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