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Philippine, China vessels collide off Ayungin Shoal

A China Coast Guard vessel on Sunday collided with an Armed Forces of the Philippines-contracted boat going to the Ayungin Shoal for a resupply mission, the National Task Force for the West Philippine Sea said. ....

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New York AG Sues Winklevoss Owned Gemini in $1 Billion Cryptocurrency Fraud

New York Attorney General Letitia James filed a lawsuit Thursday morning against cryptocurrency companies Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG) for defrauding over 230,000 investors of over $1 billion. ....

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Gemini, DCG Sued by NY for Alleged $1.1 Billion Crypto Fraud

(Bloomberg) Gemini Trust Co. and Barry Silbert’s Digital Currency Group were sued by New York’s top law-enforcement officer for allegedly defrauding customers of $1.1 billion, escalating legal woes for two companies hit hard by last year’s plunge in cryptocurrency markets.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Trump ....

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NY Attorney General sues crypto firms Gemini, DCG

The development underscores the challenges the crypto industry continues to face almost a year after the bankruptcy of Sam Bankman-Fried's exchange FTX, which led to a meltdown in the sector that overwhelmed several major firms. Through the lawsuit, Attorney General James is seeking restitution for investors and "disgorgement of ill-gotten gains," along with a ban on all the three cryptocurrency firms from the financial investment industry in New York. ....

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