My Big Coin cryptocurrency firm founder gets 8 years in prison for fraud
BOSTON, Jan 31 (Reuters) – The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding...
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Blackstone’s earnings fall 41% as assets sales slump
NEW YORK, Jan 26 (Reuters) – Blackstone Inc’s (BX.N) fourth quarter distributable earnings fell 41% year-on-year as the world’s largest manager of alternative assets said...
Exclusive: Goldman Sachs to cut asset management investments that weighed on earnings
NEW YORK, Jan 23 (Reuters) – Goldman Sachs Group Inc’s (GS.N) asset management arm will significantly reduce the $59 billion of alternative investments that weighed...
Crypto exchange Huobi to lay off 20% of staff
SINGAPORE, Jan 6 (Reuters) – Crypto exchange Huobi plans to lay off about 20% of its staff, the company told Reuters on Friday. “The planned...
U.S. judge says Celsius Network owns most customer crypto deposits
Jan 4 (Reuters) – A U.S. bankruptcy judge ruled on Wednesday that Celsius Network owns most of the cryptocurrency that customers deposited into its online...
Analysis: Global hedge funds plan 2023 around inflation risk
NEW YORK/LONDON/HONG KONG, Jan 4 (Reuters) – Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and...
Sam Bankman-Fried to enter plea in FTX fraud case
NEW YORK, Dec 28 (Reuters) – Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions...
U.S. charges fraud in Mango crypto manipulation case
NEW YORK, Dec 27 (Reuters) – U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal...
Turnover surges as funds rush to exit private equity stakes
Record $224 bln deals hit secondary market – Hamilton Lane Rebalancing drives forced selling – investors Buyers see “double-digit” discounts SINGAPORE, Dec 19 (Reuters) –...
Factbox: Major cryptocurrency cases probed by U.S. authorities
NEW YORK, Dec 14 (Reuters) – Charges brought by U.S. prosecutors against Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, on Tuesday were among the...