A prosecutor from Argentina requested blocking access to HTX as it failed to provide data for a pig butchering probe, in which a user deposited funds to an address linked to its wallets. The measure is set to affect thousands of users. Argentina Blocks Access to HTX as Part of Pig Butchering Probe Argentina has […]
Landmark Action: Argentina Blocks Nationwide Access to HTX Read More »
Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly asked the Second Circuit Court to extend the suspension of the agency’s appeal. According to a June 16 court filing, both parties are pushing to delay the appeal to avoid further litigation following their previous settlement. This request follows an earlier effort to
SEC and Ripple agree on appeal delay to resolve legal tangle Read More »
The U.S. Department of Justice has recovered $680,000 tied to a crypto exploit and is in the process of returning funds stolen through a Safemoon smart contract vulnerability. DOJ Recovers Funds Exploited in Safemoon Attack The U.S. Department of Justice (DOJ) announced on June 12 that it has seized and is in the process of
$680K From Crypto Exploit Recovered: DOJ Returning Funds to Victim Read More »
A top crypto lawyer predicts a 70% chance the court will approve Ripple and the SEC’s request to dissolve a key injunction and resolve financial penalties. Ripple and SEC Request Injunction Relief—Deaton Predicts 70% Chance Court Will Approve Attorney and crypto advocate John E. Deaton stated on June 13 via social media platform X that
The DOJ shut down Gotbit in a sweeping crackdown, seizing $23 million in crypto and exposing years of fake trading volume that misled investors and platforms. DOJ Forces Market Manipulator Gotbit to Shut Down The U.S. Department of Justice (DOJ) announced on June 13 that Gotbit Consulting LLC, a cryptocurrency-focused financial firm based in Russia
Gotbit Ordered to Dissolve After DOJ Seizes $23M in Crypto Read More »
Ripple and the SEC have reignited efforts to end their dispute over XRP, aiming to dissolve the final injunction, unlock $125 million, and cement a long-awaited settlement. Ripple and SEC Push Court to Finalize XRP Case, Dissolve Final Injunction and Free Escrowed Funds The U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. jointly
Ripple and SEC Renew Efforts to Resolve Long-Running XRP Lawsuit Read More »
Gotbit Consulting LLC, a prominent cryptocurrency market maker, was sentenced in federal court for criminal charges related to a multi-year scheme to manipulate digital asset trading volumes, according to a June 13 press release. Aleksei Andriunin, the firm’s 26-year-old founder and CEO, was sentenced to eight months in prison and one year of supervised release
Crypto market maker Gotbit and founder sentenced for fraud, manipulation Read More »
In a move that diverges from many other U.S. states, Connecticut has passed a new law that bars state and local governments from investing in bitcoin or any other digital currency. The bill, HB7082, passed unanimously in both the House and Senate with zero opposing votes. The law, officially titled “An Act Concerning the Regulation
Connecticut Enacts New Law Banning State Investment in Bitcoin Read More »
A long-running Australian multi-agency investigation has dismantled a sophisticated money laundering scheme in Queensland, charging four individuals and freezing $13.7 million. At the heart of the alleged operation was a security company that reportedly converted $124 million in cash into cryptocurrency to conceal illicit funds. Masterminds Convert Cash to Crypto in Bid to Hide Funds
$124M Crypto Laundering Scheme Exposed in Australia—Authorities Charge Four Read More »
Congressman Himes proposes ethics overhaul barring federal officials and families from profiting via digital asset conflicts of interest. Lawmaker Unleashes Ethics Overhaul Targeting Digital Asset Conflicts of Interest U.S. Congressman Jim Himes (D-CT) proposed a significant expansion of ethical safeguards on June 11 during a legislative session in Washington, presenting an amendment to the CLARITY
Lawmaker Seeks Full Crypto Conflict Ban for Congress, White House, Agencies Read More »
