Law and Order

In brief Plaintiffs have accused Solana DEX Meteora and its founder of secretly controlling the M3M3 meme coin launch, resulting in $69 million in investor losses. The suit claims 150 insider wallets were used to dominate 95% of the token supply within 20 minutes of launch. It follows a similar case tied to LIBRA, another […]

A US grand jury has charged Iranian national Behrouz Parsarad for operating the Nemesis darknet marketplace, which between 2021 and 2024 facilitated the sale of illicit cyberservices and drugs. The indictment alleges that Parsarad founded Nemesis in March 2021, and that the marketplace grew to serve more than 150,000 users and register around 1,100 vendor

In brief The Singapore High Court will rule on WazirX’s restructuring and compensation plan on May 13. It follows a hack in July 2024 that drained nearly half the platform’s assets. Creditors approved a recovery plan earlier this month with 93% voting in favour. WazirX, the crypto exchange crippled by a massive hack last year,

In brief Atkins was sworn in as SEC chair after a 52-44 Senate vote earlier this month confirmed his seat. The new chairman owns up to $6M in crypto and helped develop digital asset industry standards. Over 70 crypto ETF applications are in line for him to decide on as the SEC shifts from the

In brief Incoming SEC Chair Paul Atkins will have more than 70 crypto ETF hopefuls to review when he begins in the role. Funds pegged to Dogecoin, Pengu, Solana, XRP, and the Melania meme coin are all in the mix. After punting on XRP ETFs in March, the agency can delay its final decision until

In brief The SEC under Gary Gensler notified Unicoin in December that it plans to bring charges against the firm. The Miaimi-based crypto company was given a deadline of April 18 to settle with the Commission. Unicoin CEO Alex Konanykhin plans to take the matter to court, and insists the charges are being “driven by

U.S. Secret Service forensic analysts have collaborated with Canadian authorities to tackle $4.3 million in “approval phishing” attacks targeting Ethereum wallet holders. Approval phishing is when a malicious attacker tricks a user, for example, as part of a “pig butchering” romance scam, into signing a transaction that gives the attacker permission to spend or drain

Over a week ago, Hong Kong’s Securities and Futures Commission (SFC) approved staking services in an effort to “rewrite the rules” of finance. Now, those efforts are starting to bear fruit. The SFC’s approval has opened the way for China Asset Management (ChinaAMC) to launch a staking-enabled Ethereum ETF through a collaboration with OSL Digital

Venture capital firm Andreessen Horowitz (a16z) is asking the Securities and Exchange Commission for a sweeping overhaul of how registered investment advisers are expected to safeguard digital assets.  In a formal letter submitted to the SEC’s Crypto Task Force on April 9, a16z says RIAs should be able to hold crypto assets directly, under specific

The U.S. government is mulling a crackdown on Chinese artificial intelligence company DeepSeek, while simultaneously turning up the heat on domestic chipmaker Nvidia amid growing fears of China gaining a technological edge in AI. Three people familiar with the discussions told The New York Times that the Trump administration is considering penalties to block DeepSeek’s