Ex-Deutsche Banker Pleads Guilty to $1.5M Crypto Investment Fraud
Under the guilty plea, accused has to make restitution exceeding $1.5 million to victims.
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DeFi Protocol Balancer Under Attack: $238K Crypto Theft in Progress
After being attacked on its front end, the Ethereum-based DeFi protocol Balancer advises users not to visit its website.
FTX Sues SBF’s Parents for Alleged Funds Misappropriation Scheme
key takeaways: In a recent legal filing, managers of the bankrupt firm FTX have levelled accusations against a couple, alleging their involvement in the wrongful retention of millions of dollars obtained through fraudulent means, all while ignoring the misconduct occurring…
Nomura’s Laser Digital Unveils Bitcoin Adoption Fund
The largest investment bank in Japan has introduced a Bitcoin Adoption Fund for institutional investors through its digital asset division.
Court denies Binance.US Software Access Request : SEC Faces Setback
Key takeaways: In a legal showdown, a US federal magistrate judge has thwarted the Securities and Exchange Commission’s (SEC) attempt to investigate Binance.US software, urging the regulator to refine its requests. The judge, currently unconvinced, declined the inspection request, indicating…
OneCoin Scam Lawyer Denied New Trial in $400M Laundering Case
Despite a prosecution witness lying under oath during his 2019 trial, the lawyer accused of laundering $400 million from the OneCoin scheme was refused a plea for a new trial.
SEC Urges Court-Ordered Inspection of Binance US
Key takeaways: In a strongly worded court filing made on a Monday, the U.S. Securities and Exchange Commission (SEC) has strongly urged a court in Washington, D.C. to grant permission for an examination of Binance.US. This move represents a reinforcement…
Malta Launches Public Consultation for MiCA-Aligned Crypto Rules
Key takeaways: Malta, renowned for its crypto-friendly stance, is preparing to overhaul its cryptocurrency regulations in harmony with the European Union’s MiCA framework, set to take effect in 2024. These upcoming regulations represent a significant milestone as they will become…
South Korea Intensifies OTC Crypto Regulations Amid $4B Unlawful Deal Concerns
South Korean officials have shifted their attention to over-the-counter (OTC) cryptocurrency exchanges.
Kazakhstan Launches National Payment Corp, CBDC implementation in agenda
National Payment Corporation will look into interbank clearing services, money transfers and digital identification.
