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Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC
17.2.2023
Around $100 million have since been withdrawn from the Swiss account, the securities regulator said in a court filing as it sued the company for misleading customers
TerraUSD Stablecoin Scandal: SEC Sues Terraform Labs and Do Kwon for Deceiving Investors – Here's What Happened
17.2.2023
The US Securities and Exchange Commission (SEC) has sued Terra founder Do Kwon and his organization Terraform Labs for securities fraud.
“[The SEC] today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud...
First Mover Americas: SEC Suing Do Kwon for Misleading Investors
17.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
SEC going after Terra sparks responses from crypto lawyers: ‘Wild’
17.2.2023
While community members are not defending Terra and Do Kwon, they are questioning the manner in which the SEC is going after the company and its founder
US Authorities Close In: Binance Expected to Pay Penalties for Regulatory Probes
17.2.2023
Major crypto exchange Binance will likely pay monetary penalties to settle current investigations by the US authorities, the Wall Street Journal reported, citing the firm’s chief strategy officer.
According to Patrick Hillmann, the company is working on patching the compliance gaps and mistakes...
Terra Luna Classic Price Prediction as the SEC Sues Terraform Labs and Do Kwon – Is LUNC in Trouble?
17.2.2023
The terra luna classic price has fallen to $0.00016791, with its 4.5% drop today following the news that the SEC is charging Terraform Labs and CEO Do Kwon "with orchestrating a multi-billion dollar crypto asset securities fraud." LUNC remains up by 4.5% in the past week, but is down by 4% in...
Bernstein: SEC Tightening of Crypto Regulations Is not an Existential Threat
17.2.2023
Some in the industry had expressed concerns that crypto was actively being removed from the banking system with an attack on stablecoins and custody rules, the report said
SEC charges Do Kwon for allegedly misleading crypto customers
17.2.2023
Well, if developments around the FTX collapse were not disastrously interesting enough, then we have Terra making its way back to the highlights again. It all started with TerraUSD slipping below the committed pegged ratio of 1:1 with the US Dollar and causing an effect on LUNA, followed by...
Binance Accused of Moving $400 Million from U.S. Partner to CEO's Trading Firm in Secret Scheme – Here's the Latest
17.2.2023
Binance has moved more than $400 million from its purportedly independent U.S. partner to a trading firm managed by the company's CEO Changpeng Zhao.
Over $400 million flowed from the Binance.US account at California-based Silvergate Bank to Merit Peak, a trading firm linked to CZ, over the first...
Calm Before the Storm: Is UK’s Financial Watchdog Gearing Up for Enforcement Action?
17.2.2023
The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to act on
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from...
Breaking: SEC sues Do Kwon and Terraform Labs for fraud
16.2.2023
"We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities," said SEC chair Gary Gensler
SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin: Bloomberg
16.2.2023
The collapse of TerraUSD last year led to wave of bankruptcies in the crypto industry
Canada Close to Tightening Rules for Crypto Exchanges: Sources
16.2.2023
Later this month, Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), will tighten requirements for cryptocurrency exchanges operating in the country, according to two people who have been briefed on the plans
$24K Bitcoin — Is it time to buy BTC and altcoins? Watch Market Talks live
16.2.2023
Join us as we discuss whether it’s time to consider stacking some sats and buying into some attractive altcoins
Ethereum price prints 'death cross' after losing 13% versus Bitcoin from 2023 peak
16.2.2023
ETH price is in danger of losing another 20% versus Bitcoin by March, based on a mix of technical and fundamental indicators
Crypto Under Scrutiny: SEC's New Custody Rules Take Aim at Digital Assets – Regulation Incoming?
16.2.2023
The U.S. Securities and Exchange Commission has unveiled a set of new rules designed to enhance the protection of investors’ assets in response to the string of collapses of major crypto businesses last year, raising concern amid industry players that more crypto-focused regulation could be in...
Hester Pierce rises against the SEC for crypto’s existence
16.2.2023
The US Securities and Exchange Commission is working hard to ensure that assets are covered by its authority to protect investors’ interests. If it comes into existence, the policy will extend the authority of the SEC from funds and securities to also cover assets. However, there is...
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
16.2.2023
Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin
SEC-retly Failing: How the SEC Is Letting Crypto Down
16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...