Today’s Top Crypto News – Tuesday 8/23/22

Crypto Exchange Coinbase Faces Class Action Lawsuit Over Alleged Lapses in Security – CoinDesk

“A class action lawsuit filed in a Georgia court alleges the crypto exchange failed to secure users’ accounts against theft and hacks, and seeks damages upwards of $5 million.”

Mt. Gox Creditors Near Payout, Sparking Fears of Bitcoin Price Crash – WSJ

“Eight years after one of the largest-cryptocurrency heists ever, investors stand on the precipice of getting back some of their tokens. With it comes fears of a bitcoin crash.”

FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange –

“The Federal Deposit Insurance Corporation (FDIC) issued crypto-related cease and desist orders to five companies Friday. The agency regulates and insures the deposits of FDIC-insured community banks and other financial institutions.”

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