Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
Crypto Wet Articles
Terraform Labs may close products, services in bankruptcy wind-down
Terraform Labs plans to shut down several services by Oct. 30 unless third parties step in, following a wind-down after its SEC settlement in June.
Financial institutions are experimenting with Bitcoin-backed lending — Ledn
Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending.
Kamala Harris releases policy platform details — No mention of crypto
The Harris-Walz platform, “A New Way Forward,” included plans for tax cuts for working and middle-class Americans and encouragement of innovative industries.
CFTC charges Uniswap, Brazil’s X ban, and more: Law Decoded
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges.
UK Parliament could summon Elon Musk over X operations
Labour MP Dawn Butler wants Musk to discuss the operations of his social media network X and its role in spreading misinformation.
Judge issues temporary stay in Kalshi v. CFTC election betting case
Judge Jia Cobb said the court would hold a hearing on Sept. 12 to address competing motions filed by the CFTC and Kalshi over betting on US elections.
US, Canadian investors to get full compensation in GSB Group settlement
The German group is accused of running a multilevel marketing scheme that took in hundreds of millions of dollars in supposed crypto and metaverse investments.
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found.
2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec
Two smart contract auditors miss a Penpie bug that resulted in a $27M exploit, Pythia Finance attacker claims way too many rewards: Crypto-Sec
Martin Shkreli’s claim he forfeited all copies of Wu-Tang album ‘dubious,’ says PleasrDAO
PleasrDAO claims Martin Shkreli hasn’t handed over all existing copies of a one-of-one Wu-Tang album, alleging he publicly boasted about giving copies to “like, 50 different chicks.”
Nigeria’s SEC to crack down on unregulated crypto exchanges
Nigeria’s SEC will enforce regulations on unregulated crypto businesses as it aims to protect investors and encourage innovation in the growing market.