Do Kwon, the discredited creator of Terra, was apprehended in Montenegro last week as he attempted to fly to Dubai using phony IDs. The most recent turn of events indicates that Do Kwon will reportedly be appealing the decision of the court to lengthen the amount of time spent in detention by nearly 30 days. … Read more
The regulator has taken yet another step in its ongoing enforcement campaign. This time, it has accused BKCoin Management and its key person, Kevin Kang, of being involved in a fraudulent operation involving cryptocurrency assets. According to the regulating body (1), the company raised around one hundred million dollars from fifty-five investors to initially invest … Read more
The Wall Street Journal has published an article detailing Bitfinex and Tether’s suspected illegal activities throughout the course of 2018. Since its debut in 2014, Tether has been plagued by a number of legal disputes and scandals, including this one. Tether has had legal trouble in the past, including a restriction from doing business in … Read more
After ex-FTX Director of Engineering Nishad Singh was prosecuted with allegations of fraud by the Commodities Futures Trading Commission (CFTC), the case between FTX and Alameda Research in the U.S. gained traction. Notable is that Singh pleaded guilty to the accusation of fraud that was brought before him on Tuesday. Consequently, Sam Bankman-Fried, the former … Read more
The two individuals believed to have exploited the Platypus Protocol have been taken into custody by the French National Police. The police department confirmed the arrest after it was announced (1) on the official Twitter handle of the organization. The authorities did not reveal the names of the individuals or the charges that have since … Read more
Nine Yards Chambers LLC, a law practice based in Singapore, has alleged that Blockchain.com, an experienced cryptocurrency corporation, has failed to reimburse $4.3 million in FLEX coins to one of its customers, the Coinflex cryptocurrency exchange.
According to a proposal deck that was referenced in a recent publication, Babel’s losses included the elimination of 8,000 BTC and 56,000 ETH that were held in unhedged proprietary trading positions. According to a report by The Block, which cited the cryptocurrency company’s restructuring proposal deck, the troubled cryptocurrency lender Babel Finance, which froze customer … Read more