Key Insights: Jian Wen, once a fast-food worker, was sentenced for laundering Bitcoin worth millions as part of a larger $5.6 billion fraud. The court highlighted Wen’s rapid lifestyle shift…
Key Insights: Finiko Executive Liliya Nurieva was sentenced to three years for her involvement in the Finiko crypto scam. Finiko defrauded investors out of approximately $1.1 billion using a Ponzi…
Key Insights: Genesis Global will return $3 billion in cryptocurrency and cash to customers following court approval. In the repayment plan, creditors, including federal and state regulators, will have priority…
Key Insights Canadian regulators fined Binance $4.3 million for not registering as a foreign money services business and neglecting transaction reporting. FINTRAC discovered that Binance failed to report 5,902 cryptocurrency…
Key Insights: Terraform Labs proposes a $1 million penalty, countering the SEC’s initial $5.3 billion fine demand. Terraform argues that the funds in question are held by Luna Foundation Guard…
Key Insights: Russia’s cryptocurrency ban targets all forms, allowing only locally issued digital assets starting in September. The Russian government aims to protect the ruble’s role as the sole currency…
Key Insights: Consensys asserts that Ethereum should remain unregulated by the SEC, claiming it functions more like a commodity. The SEC’s aggressive stance towards Ethereum could halt its use in…
Key Insights: Changpeng Zhao’s legal team argues for probation, citing his first-time, non-violent offense status and extensive community backing. U.S. prosecutors advocate for a 36-month sentence for Zhao over anti-money…
Key Insights: William Morro was implicated in transferring $35 million related to the OneCoin scheme to Hong Kong. U.S. prosecutors have accused Morro of conspiracy to commit bank fraud, facing…
Key Insights: Do Kwon accuses Montenegrin courts of bizarre interpretations in his extradition case. Legal battles continue as Montenegrin courts decide to extradite Terraform Labs’ co-founder. U.S. and South Korea…
Key Insights: Ripple Labs proposes a $10 million penalty, rejecting the SEC’s demand for over $876 million in various fines. Ripple asserts changes in business practices and compliance with licensing…
Key Insights: Sam Bankman-Fried agrees to aid legal actions against FTX endorsers, contributing valuable information and documents. Celebrities like Tom Brady and Shaquille O’Neal face lawsuits for promoting FTX as…