The court has authorized the issuance of subpoenas to 3AC co-founders. Liquidators now have permission to demand documents, communications, financial records, or any information related to the hedge fund since 2012.
James Bromley reported that a large portion of FTX’s assets remain unaccounted for. He claimed that FTX has begun adding measures to safeguard its clients’ assets under the leadership of John J. Ray III.
Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.
The Bahamian Supreme Court has approved two insolvency experts from Pricewaterhouse Coopers (PwC) to act as joint provisional liquidators overseeing FTX assets. The Commission continues its investigation and is ready to help the police if needed.
The Bahamas Securities Commission has frozen FTX Digital Markets’ assets following allegations against the crypto exchange. As a result, FDM directors cannot make any transaction without the Commission’s approval.
Do Kwon, and Terra’s founding member, Nicholas Platias, are currently facing a new $57 million lawsuit filed by 359 aggrieved investors in Singapore. This is an addition to the numerous legal battles he is facing.
Lawmakers in the European Union have voted in favor of the Markets in Crypto Assets Regulation Bill (MiCA). This moves the bill ensuring stricter rules for crypto companies one step closer to becoming law.
South Korean Foreign Affairs Ministry ordered Do Kwon and five other Terra staff to return their Korean passports. They might face a passport freeze and new passport denial if they fail to comply within two weeks.
Governor Gavin Newson vetoed a crypto licensing and regulation bill, citing forthcoming federal regulations and findings from ongoing research. This decision has also earned him praise in the community.
The UK has introduced a new bill to give enforcement agencies greater power to "seize, freeze, and recover" cryptocurrencies. The bill seeks to strengthen anti-money laundering measures and make the UK business-friendly.
US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.
The SEC filed charges against Sparkster Ltd, CEO Daya, and crypto influencer, Balina over an unregistered 2018 SPRK ICO. While Sparkster has agreed to pay a total of $35 million, Balina’s charges may take longer.
In light of the new crypto regulations by the US Presidency, CZ Binance has shown his support for the policy. Zhao stated the new policy's positive effects would help drastically eliminate illicit activities.
The White House has issued a framework for developing and regulating digital assets in the US. This recommendation will address the risks and maximize the potential benefits of crypto assets and their technologies.
Ethereum’s transition to the staking model might draw the SEC’s attention. This is so because SEC expects crypto platforms offering staking services to take the Howey test to determine whether its asset is a security.
Thai SEC has banned crypto operators from providing or advertising crypto depository services that pay returns to depositors. They claim this move will protect the public from the business risks of these services.
US Treasury Department has blacklisted Bitcoin addresses belonging to Iranian hackers while sanctioning their owners. The hackers have been encrypting their victims' devices, forcing them to pay ransoms in Bitcoin.