Sentences with phrase «customer funds»

Korean officials have visited the premises of three digital asset exchanges where staff are suspected of illegally taking possession of customer funds in order to buy virtual currency for themselves.

About nine hours later, he got word that more than $ 950 million in customer funds was missing, making a merger impossible.

A decentralized exchange is an exchange market that does not rely on holding customers funds in a centralized wallet.

Over the past two years that we've been in business, we have never lost customer funds.

Till date, the amount of stolen customer funds from centralized exchanges amounts to almost $ 500 million.

This is expected to help prevent money laundering and drive out of business smaller enterprises incapable of protecting customer funds.

In terms of our engineering priorities, securely storing customer funds remains our top priority.

It goes ahead to put into place extreme security measures to ensure that customer funds remain protected.

-- will act as a third - party service provider holding on to customer funds until the transfer has been fully completed.

Some larger exchanges have replaced customer funds after a theft from the exchange itself.

The primary goal of these products is ensuring customer funds are safe at any given time, and remove any mistakes that might occur when sending or receiving money.

He continued with this story for 4 business days... telling customers he was lining up financial resources to pay the «reserve» so customer funds would be released.

Our top priority is the safety of customer funds.

So they are somehow legally allowed to hold customer funds for as long as 60 days for no reason whatsoever... and the rudeness of the person I spoke with about this was just unbelievable.

He also conveyed rumors that some bitcoin exchange executives could face «extreme punishment» for investing customer funds without their consent.

Skills Customer Service Insurance Billing Multi Line telephone Techniques... also customer interaction via telephone extensive work with bank wire transfer of customer funds into

During the collapse of Mt. Gox, Mark Karpeles attempted to blame the loss of customer funds on this issue in the Bitcoin protocol.

In June 2013, the Commodities Futures Trading Commission filed a civil case against Corzine, accusing him of illegally using customer funds in a desperate effort to keep the firm afloat.

Personnel with the trading platforms are apparently suspected of having embezzled customer funds, then using them to buy cryptocurrency on other exchanges.

Coincheck personnel also told attendees that the only assets stolen were NEM tokens; that it intends to work on refunding stolen customer funds, at least in part, though it is not yet sure how it might do this; and that the exchange had not been using NEM's multi-signature smart contract, which could have enhanced security.

The misappropriation charges include «transferring customer funds into personal bank accounts, and using those funds for personal expenses and the purchase of luxury goods» including «home, antiques, fine art, jewelry, luxury goods, furniture, interior decorating and other home improvement services, travel, and entertainment.»

«We are committed to making sure customer funds are always secure and this update means that our e-money operations have safeguards and operational standards at par with other regulated financial institutions.

In short, McDonnell and CDM used their fraudulent solicitations to obtain and then simply misappropriate customer funds.»

0x is decentralized and trustless; there is no central party which can be hacked, run away with customer funds or be subjected to government regulations.

Home Building Society will merge with StateWest Credit Society, pending shareholder, member and regulator approval, to create an organisation with more than 110,000 customers and total customer funds under management of $ 3.5 billion.

At least we know customer funds are safe at Blockchain, but what about those suddenly available to view over at Mt. Gox?

Is customer funding better than VC?

April 4 - Regulators reportedly going after JPMorgan regarding customer funds, and billionaire Bill Ackman takes a 29 percent stake in Burger King.

You could compare it to a bank moving customer funds into a vault rather than keeping it at the bank teller desk.

According to a local report by Nikkei, Tokyo GateWay and Mr. Exchange have opted to close their doors after returning customer funds rather than take steps to correct inadequacies found by the regulatory body.

Replace paper invoicing and maximize customer funds availability by debiting customers» accounts electronically.

As its name implies, Simple's only offering is an online checking account that deposits customer funds into an account maintained by Bancorp Bank.

I know in theory customer funds and assets are ring - fenced, but...

The Securities Investor Protection Corporation restores customer funds only when a brokerage firm fails.

As a registered agency, we place customer funds in a trust account until the tour is completed.

Utilities, through the largely customer funded Edison Electric Institute and Electric Power Research Institute, sponsored cutting edge climate research during the 1970s and 1980s.

Companies with larger customer funds (total premiums collected both from first - time buyers as well as renewals from old policies) have the muscle to manage contingencies better.

If Ethereum classic continues to rise, this may spell disaster if they have not repurchased customer funds.

A prosecutor from Seoul claimed the office was alerted to the potential misuse of customer funds during an external audit into cryptocurrency exchanges by Korea's regulator and watchdog.

BL3P, the trading platform of Bitonic B.V., uses the specifically created Stichting Bitonic Payments to store and administer customer funds.

A Tokyo - based judge has extended the time permitted to discover why Bitcoin trading post Mt. Gox failed and why customer funds were stolen.

This has since caused problems for exchanges, as, even if they don't want to list classic ether tokens, they're arguably holding what could be called customer funds anyway simply by possessing ether at the time of the split.

But rather than banning cryptocurrency trading, such regulators asked the exchanges to maintain separate customer funds, capital reserves and implement KYC procedures in its dealings.

To kickoff the new year, we have forged a new banking relationship with a global banking leader, Bank Leumi USA, to manage our US customer funds.

What is clear, is that a multi-signature set - up with BitGo to secure customer funds failed to provide any meaningful security.

Parity Technologies suggested today it may not continue to pursue changes to the ethereum blockchain's software as a way to reclaim hundreds of millions in inaccessible customer funds.