Category: Law of the Chain
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North Korean hackers target Binance daily with 30% caught by AI in 2024
North Korean hackers attempt daily infiltration at Binance, with 30% flagged by AI tools; entities include Lazarus Group and BNB Chain.
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US Senate urged to close gaps in stablecoin law by bank groups
Bank groups urge US Senate to address gaps in stablecoin law; FDIC and OCC highlight risks; $150B market requires clearer regulations.
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US seizes $1M in crypto from BlackSuit ransomware group
The US government seized $1M in crypto from BlackSuit, a ransomware group, marking a significant crackdown on cybercrime operations in 2024.
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Estonian HashFlare founders jailed 16 months for $575M Bitcoin fraud
Estonian founders Ivan Turogin and Sergei Potapenko received 16 months for defrauding 700,000 investors in the $575 million HashFlare Bitcoin mining scam.
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Kraken lawyer Michael O’Connor exits in 2023 amid SEC regulatory pressure
Kraken lawyer Michael O’Connor departs following Marco Santori, marking two legal exits in 2023 amid SEC scrutiny on crypto exchanges like Coinbase and Binance.
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a16z and DeFi Education Fund propose SEC safe harbor for DEX and wallet developers in 2023.
a16z and DeFi Education Fund advocate for SEC safe harbor protecting DEX and wallet developers, impacting 500+ DeFi projects and 10,000 developers globally.
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Do Kwon admits guilt in $40B Terra/Luna fraud case, sentencing December 2023
Do Kwon admitted guilt in the Terra/Luna case involving $40B, impacting LUNA and UST tokens, with sentencing scheduled for December 2023.
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Terra investors to receive $19M after 12 years with 47% recovery
Terra investors await $19M compensation after 12 years, involving LUNA and UST tokens, with 47% recovery rate from the collapse.
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Do Kwon admits guilt in $40B Terra LUNA fraud case
Do Kwon admitted guilt in the Terra LUNA fraud case involving $40 billion losses, impacting investors and regulators globally in March 2023.
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Warren cites crypto risks to US financial stability as Bitcoin drops 5% in 2024
Senator Elizabeth Warren warns crypto threatens US financial stability; Bitcoin drops 5%, Ethereum 3% amid regulatory scrutiny; 2024 elections may influence policy.
