US court issues final judgement against Terraform Labs, Do Kwon, imposes $4.5 billion in fines

The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon, in the high-profile case filed by the Securities and Exchange Commission (SEC).

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Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing

Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.

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Bitcoin finds ‘another’ use case via BTCfi — DLC.Link co-founder

DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTC’s potential for collateral, yield farming and more.

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Solana’s Co-founder makes strong case for meme coins; spotlights memecoin migration from ETH to Solana

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SEC seeks $5.3b in penalty from Terraform Labs and co-founder Do Kwon

Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern…

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AI Colliding with Blockchain? Mike Novogratz Supports Reddit Founder's Stunning Prediction

Reddit co-founder Alexis Ohanian has come up with an exciting AI-centred use case for blockchain

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Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app.

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Montenegro decides to extradite Do Kwon to South Korea in retrial

The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over the past year as both […] The post Montenegro decides to extradite Do Kwon to South Korea in retrial appeared first on CryptoSlate.

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Vitalik Buterin Highlights Potential Use Case of AI On Ethereum

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Terraform Labs and Do Kwon face class-action lawsuit in Singapore

Terraform Labs, a Singapore-incorporated company behind the Terra blockchain, and its co-founder Do Kwon, are now grappling with the advancement of a class-action lawsuit in Singapore. The High Court recently dismissed the defendants’ attempt to shift the case to arbitration, marking a significant development in the legal saga.

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Overlooked Binance Coin’s Rally? This New Cryptocurrency Could Be Your Path to Wealth!

TLDR The co-founder of Binance, Changpeng Zhao, has announced to step down as the CEO after money laundering allegations. With the departure of CZ, BNB’s recent price rally came to an end. In case you have missed the BNB rally, a new meme coin has emerged as the best ICO, with predictions for a stunning […] The post Overlooked Binance Coin’s Rally? This New Cryptocurrency Could Be Your Path to Wealth! appeared first on CaptainAltcoin.

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US DoJ: Over $4 billion to end criminal case against Binance

The US DoJ is reportedly seeking billions of dollars to end its criminal case against Binance and its co-founder The criminal charges includes violations of sanction laws, bank fraud, and moneyThe post US DoJ: Over $4 billion to end criminal case against Binance appeared first on AMBCrypto.

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US SEC moves for summary judgment in case against Terraform Labs and Do Kwon

The U. S. Securities and Exchange Commission (SEC) wants the court to issue a summary judgment in its case against Terraform Labs and its co-founder, Do Kwon. In a court filing dated Nov. 2, the SEC contended that the defendants’ violations were abundantly clear and undisputed, obviating the necessity for a full trial.

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Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case

Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.

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Sam Bankman-Fried takes the stand with jury present in second day of testimony

Sam Bankman-Fried, the co-founder and former CEO of FTX, continued to provide testimony in his criminal case on Oct. 27, in which he described how FTX and its sister firm, Alameda Research, began as small but ambitious operations that eventually collapsed.

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Hashing It Out: A case for Web3 social media, and is Friend.tech a security?

CyberConnect co-founder Ryan Li believes that creators who want their content to live forever will ditch Web2 social media platforms for Web3 alternatives.

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Forget Ripple News, This Indicator Controls XRP Price Movement – Crypto Expert

Following the SEC’s decision to drop its case against Ripple’s Co-founder and its CEO, Chris Larsen and Brad Garlinghouse two days ago, crypto analyst Dark Defender took to Twitter to share his thoughts on XRP’s price action.

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FTX scandal: court selects 12 jurors for high-profile SBF fraud case

A retired banker, a pediatric nurse, and a special education teacher are among the jurors in FTX co-founder SBF's multibillion-dollar fraud trial

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Sam Bankman-Fried Trial: Prosecutors Slam Proposed Questions For Jury Selection

Prosecutors in the case against the former CEO of the now-defunct FTX exchange, Sam Bankman-Fried (SBF), have pushed back against the defense’s suggested questions for jury selection. The co-founder faces seven counts of fraud-related offenses, including wire fraud of FTX customers.

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XRP Case: 'SEC Lost on Everything That Was Important,' Says Ripple Cofounder

Ripple co-founder Chris Larsen slams SEC and Gensler, defines XRP case boundaries

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FTX’s Sam Bankman-Fried Has Sufficient Time To Prepare For Trial, DOJ Claims

On Tuesday, the United States Department of Justice (DOJ) said that Sam Bankman-Fried (SBF), the embattled co-founder of the defunct FTX crypto exchange, has been given sufficient time and resources to review discovery materials for the case against him.

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Gala Games co-founders clash in opposing lawsuits seeking $130M, $600M in damages

The co-founders behind the blockchain firm Gala Games have initiated legal proceedings against each other, according to recent court filings. First case concerns alleged $130M theft The first case, which Gala co-founder Eric Schiermeyer filed on Aug.

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Jury trial in SEC v. Ripple Labs to be set for Q2 2024

Two Ripple executives named in a federal securities case have been scheduled for a jury trial, according to a court filing dated Aug. 9. The upcoming proceedings concern Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen.

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XRP's Rise Challenges Bitcoin's Dominance: Top Analyst

Following favorable ruling in Ripple v. SEC case, XRP's impressive gains could herald onset of altcoin season, outlook endorsed by Glassnode co-founder Yann Allemann

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Sam Bankman-Fried’s Campaign Fraud Charges Dropped

New developments in the case against Sam Bankman-Fried, co-founder of FTX, took a turn as the U.S. government decided to drop one of the thirteen counts against him. The charge,...

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Reclusive Binance co-founder Yi He speaks on SEC case

Binance’s famously private co-founder and CMO, Yi He, commented on the company’s regulatory standing in an interview published by Bloomberg on June 28. Yi He discusses regulations In several interviews, Yi He commented on regulatory challenges, noting: “If [regulators] really took the time to understand our industry, they would see that if Binance isn’t compliant, […] The post Reclusive Binance co-founder Yi He speaks on SEC case appeared first on CryptoSlate.

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Ethereum (ETH) Is Commodity, Consensys Founder Says

Joseph Lubin, founder of Consensys and co-founder of Ethereum, in recent CNBC interview, made case for classifying Ethereum's native cryptocurrency, Ether (ETH), as commodity

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The Block founder Mike Dudas criticizes SEC and EOS

Mike Dudas, the founder of crypto outlet The Block and co-founder of LinksDAO, expressed dissatisfaction with the SEC’s handling of the EOS case in 2019. He thinks the regulator has failed to checkmate the real bad actors and has chosen…

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Do Kwon out on bail under house arrest after successful appeal

Terra LUNA co-founder Do Kwon successfully appealed against the prosecution’s request to keep him in custody, and is out on bail as of June 5. The Podriga Basic court overseeing the case granted the bail request and accepted the initial amount of $400,000.

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Do Kwon retains Dentons law firm to defend against US charges

Terra co-founder Do Kwon enlisted the services of global law firm Dentons following a passport forgery case, and extradition requests in Montenegro.

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Terra’s Do Kwon To Walk Out Of Montenegro Jail After Securing $436,000 Bail

Montenegrin officials have granted Terraform Labs co-founder Do Kwon bail in the travel document forgery case. Kwon will be freed from jail on a supervised  €400,000 ($436,000) bail pending trial.

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Paradigm files amicus brief in SEC’s lawsuit against Terra, Do Kwon

Crypto investment firm Paradigm filed an amicus brief in the case between the U. S. Securities and Exchange Commission (SEC), and Terra (LUNA) co-founder Do Kwon. According to the April 21 filing, the crypto investment firm has never owned or invested in the Terra ecosystem and is not concerned with Defendant’s position.

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Sam Bankman-Fried Faces New Charge For Bribing Chinese Officials With $40 Million

FTX co-founder and former CEO, Sam Bankman-Fried, is facing yet another criminal charge, this time for allegedly bribing Chinese government officials with $40 million worth of cryptocurrency.  According to federal prosecutors, this marks the 13th charge against Sam Bankman-Fried in a case that continues to draw attention from the cryptocurrency and financial industries. On Tuesday, […]

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3AC co-founder can answer subpoena or 'take his chances' — US judge

The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena.

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Vitalik Buterin says ‘more still needs to be done’ over high Ethereum txn fees

“Good user experience is not about the average case, it is about the worst case," the Ethereum co-founder wrote.

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Theta Network to enable collaborative machine learning with new partnership

Theta Labs co-founder and CEO Mitch Liu highlighted that the partnership unlocks a new use case for Theta’s edge nodes.

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3AC creditors frustrated with bankruptcy proceedings

The bankruptcy case involving the collapsed crypto hedge fund, Three Arrows Capital (3AC) continues to unfold; co-founder Kyle Davis claims that the company’s creditors are ‘frustrated’.

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FTX ex-CEO Sam Bankman-Fried’s criminal case assigned to Bill Clinton-appointed judge, Lewis Kaplan

US District Judge Lewis Kaplan from Manhattan has been assigned to hear the criminal case against FTX co-founder Sam Bankman-Fried (SBF) following the recusal of the previous judge Ronnie Abrams. The post FTX ex-CEO Sam Bankman-Fried’s criminal case assigned to Bill Clinton-appointed judge, Lewis Kaplan appeared first on CryptoSlate.

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Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds

An ongoing case in a Florida district court alleges Kang misused $12 million in investor assets.

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South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon’s former associates

Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform.

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Experts commented on the possible fall of BTC to $ 10,000

BitMEX co-founder Arthur Hayes and Mobius Capital Partners CEO Mark Mobius noted that in the near future bitcoin may fall to the round level of $10,000. In this case, it will aggravate the already difficult situation of the cryptocurrency industry.

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Ethereum solo validators that censor blocks should ‘be tolerated’ — Buterin

Speaking about a hypothetical scenario, the Ethereum co-founder said censorship should be tolerated depending on the case.

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IOTA co-founder: Lummis-Gillibrand is a blessing for the crypto industry

The bear market has been bad for cryptocurrency’s case against regulation. What comes next depends on how well we play ball, but Lummis–Gillibrand offers a favorable path forward.

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How I Made It: From Pro Baller to Master of DAOs

Gnosis Guild co-founder Auryn Macmillan on obsession, focus, curiosity – and the case for working for free as a career leg up. This post is part of CoinDesk's Future of Work Week.

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US prosecutors recommend minimum 1 year prison sentence for BitMEX co-founder Arthur Hayes

United States Prosecutors have filed a sentencing recommendation in the case against BitMEX co-founder Arthur Hayes seeking minimum one-year imprisonment. The post US prosecutors recommend minimum 1 year prison sentence for BitMEX co-founder Arthur Hayes appeared first on CryptoSlate.

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Solana Co-Founder Clarifies No Network Failure or DDoS Attack

Multiple reports have said that Solana experienced a network outage and DDoS this month. However, co-founder Raj Gokal claims that neither was the case and that the NFT game SolChicks was responsible for the low performance.

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Brian Armstrong says Ripple is fairing well in its case against the SEC

Coinbase’s co-founder and CEO, Brian Armstrong, believes that Ripple is doing better than projected in its case against the US Securities Exchange Commission (SEC). He shared his sentiments through a tweet on October 26, saying the case has made the regulator realize that attacking the crypto sector is politically unpopular because such actions harm consumers.

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This Bitcoin 'use case' might incentivize users in unexpected ways

On a recent podcast, the Co-founder of Finder Fred Schebesta vowed to give away Bitcoin worth $5 to every Australian who gets "vaxxed"(vaccinated). Schebesta, an entrepreneur worth more than $200 millThe post This Bitcoin 'use case' might incentivize users in unexpected ways appeared first on AMBCrypto.

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Apple Co-Founder Loses Lawsuit Against YouTube Over Crypto Giveaway Scams

Steve Wozniak has lost his lawsuit against YouTube over scammers using his image to push crypto giveaway scams on the streaming platform. The case touches on the responsibility of social media companies to police content posted by users.

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