Crypto News Summary: 3 Indian Crypto Firms Investigated, NYSE Delists Twitter Shares, Ripple’s XRP Holdings are 'Below 50%'
Source: AdobeStock / piter2121 Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________ Legal news Three Indian cryptocurrency companies are being investigated by several agencies, including the Enforcement Directorate and the income tax department, following an alert by the Financial Intelligence Unit (FIU) about their alleged role in illicit drug transactions worth ₹28,000 crore, according to The Economic Times. The agencies identified some 200 transactions using digital currencies. The US Trustee overseeing the Celsius Chapter 11 bankruptcy case, William Harrington, has objected to the lender’s motion that would see 62 of its 275 employees paid a retention bonus totaling $2.96 million. “It defies logic, not to mention the Bankruptcy Code, that a company where the majority of its functions are no longer providing services...