A state appeals court Friday found a small crack in the fortress that a federal law has built around internet platform companies.
The accused is facing charges of fraudulent electricity use and vandalism
Alameda Research and approximately 130 additional affiliated companies are part of the voluntary proceedings.
It took the company seven months to realise its mistake. By the time they did, millions had already been spent.
Singapore-headquartered crypto lender and exchange Vauld is suspending withdrawals, trading and deposits with immediate effect as it navigates financial challenges.