The OneCoin co-founder pleaded guilty over an alleged pyramid scheme that cost investors billions
The criminal indictment is on top of civil charges from the SEC
Regulators to set new custody and asset segregation requirements
Recent failures, volatility, make crypto unsuitable for long-term savings, says New York state attorney general Letitia James
Many FTX Group companies had no appropriate corporate governance nor held board meetings
OSFI, FCAC, CDIC call out firms' conduct, prudential responsibilities
SRO seeks information on firms' recent crypto-related communications
One consequence could be more regulation
DoJ, SEC are examining the firm for criminal activity, securities violations
The regulator said investors fell prey to the hype around digital assets