Gotbit founder to forfeit $23m in crypto in exchange for no prison time as part of plea deal.

Alex Andryunin has agreed to hand over $18.7 million in USDT and $4.2 million in USDC Andryunin faced up to 20 years in prison and a fine of $250,000 for his actions As part of the plea deal, he now faces a reduced sentence of up to 24 months and 36 months of supervised release […] The post Gotbit founder to forfeit $23m in crypto in exchange for no prison time as part of plea deal appeared first on CoinJournal. origin »

German regulator prohibits sales of Ethena USDe.

The German Federal Financial Supervisory Authority, BaFin, has ordered Ethena GmbH to stop all public sales of its stablecoin USDe. This comes after the German financial markets regulator found serious flaws in Ethena GmbH’s USDe approval process. Per the BaFin… origin »

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