In brief Thai police arrested Chinese national Tianwei at Don Mueang Airport on June 12 for allegedly stealing $6.15 million in Bitcoin. The arrest followed an April complaint and a May 16 warrant after Tianwei vanished from a business deal in Chiang Rai. It’s the latest in a series of Asian crypto fraud busts, including […]
Thai Police Arrest Chinese Suspect in $6.1 Million Bitcoin Fraud Case Read More »
In brief SEC and Ripple have filed a joint motion to dissolve the injunction and release escrowed funds. The latest proposal would see $50M paid to the SEC and the remainder returned to Ripple. The two are trying to wind down a case that began in 2020, centered on XRP sales as alleged unregistered securities.
Ripple, SEC Ask Court to Dissolve XRP Injunction, Release $125M in Escrow Read More »
In brief O’Neal will pay $1.8 million to settle a lawsuit tied to promoting FTX. Plaintiffs alleged he helped market unregistered securities. The deal includes broad legal immunity and covers legal costs. Shaquille O’Neal has agreed to pay out $1.8 million in a class action lawsuit alleging he helped promote the collapsed crypto exchange FTX.
Former NBA Star Shaquille O’Neal Agrees to Pay $1.8M to Settle FTX Suit Read More »
In brief The SEC extended review periods for multiple crypto ETF proposals, including Bitwise’s Dogecoin ETF, Grayscale’s Hedera Trust, and Canary Capital’s HBAR ETF. Four Solana ETF filings and Grayscale’s Cardano ETF also face delayed decisions, with new deadlines set in July. The regulator said it seeks further public comments and has not made any
SEC Adds Dogecoin, Hedera ETFs to Growing List of Delayed Decisions Read More »
In brief Zora filed a lawsuit and restraining order seeking to stop Deloitte from using “Zora,” “Zora AI,” or the Zora.ai domain, demanding damages and domain transfer. Deloitte launched its Zora AI productivity platform in March 2024 after dismissing Zora’s February cease-and-desist letter, arguing their services target different audiences with no consumer confusion risk. The
Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute Read More »
In brief Global police organization Interpol has led a crackdown on infostealers codenamed Operation Secure. Police forces around the world arrested 32 as part of the operation, which took down over suspicious 20,000 IPs and domains. Infostealer malware is used to steal data such as browser credentials, passwords and cryptocurrency wallet contents. Police forces around
Interpol Infostealer Malware Crackdown Leads to 32 Arrests Read More »
In brief CASPs must register as local entities with a minimum ₱100M ($1.8M) paid-up capital and maintain physical offices. New rules require asset disclosures, segregated funds, local data storage, and ongoing reporting to the SEC and AML Council. Experts warn of short-term compliance hurdles but say the framework lays groundwork for broader crypto adoption. Crypto-asset
Philippines Enacts Sweeping Crypto Rules, Mandates Licensing and Capital Requirements Read More »
In brief Warren and Blumenthal have sent a letter to Mark Zuckerberg demanding details on Meta’s stablecoin efforts. The senators warn Meta could misuse financial data and consolidate economic power. The inquiry follows reports Meta is in talks with crypto firms to integrate stablecoin payments across its platforms. Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal
US Senators Probe Stablecoin Plans by Facebook Parent Meta Read More »
In brief ASIC has banned Glenda Rogan for ten years after she allegedly transferred $9.6 million from clients to a crypto investment scam. Funds were sent to “Financial Centre,” a UK platform already on ASIC’s blacklist of untrusted entities. Rogan told clients the money was going into safe fixed-interest accounts, not risky crypto investments. An
Australian Woman Hit With Ten-Year Ban Over $9.6 Million Crypto Scheme Read More »
In brief Two men alleged to have kidnapped and tortured a man for his crypto pleaded not guilty in NYC on Wednesday. The pair’s lawyers allege the accuser was free to move about on days he was allegedly captured. The case is the latest in a string of high-profile crypto “wrench attacks” this year. Two
