Category: Law of the Chain
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HashFlare founders sentenced for $575M Bitcoin mining Ponzi scheme
HashFlare founders Ivan Turogin and Sergei Potapenko received time served for a $575M crypto Ponzi scheme involving 700,000 victims and Bitcoin mining fraud.
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Binance Chief Backs US Crypto Regulation Overhaul, Eyes Global Standard
Binance CEO CZ supports US crypto regulation changes, seeks global standards amid 2023 SEC crackdown on Coinbase and Kraken.
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JPMorgan and BlackRock stablecoin plans face 2024 SEC regulatory hurdles
JPMorgan, BlackRock face regulatory hurdles in stablecoin adoption; 2024 projections show $500B market cap amid SEC scrutiny and compliance challenges.
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Do Kwon Admits Guilt in $40 Billion Terra Crypto Collapse
Do Kwon pleaded guilty to fraud charges in the Terra (LUNA) collapse, which wiped out $40 billion in investor funds in May 2022.
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Gangnam District seizes $3.2M in crypto from tax evaders under 2023 enforcement
Gangnam District seized $3.2M in crypto from tax evaders in 2023, targeting Bitcoin and Ethereum holdings under Seoul’s stricter enforcement policies.
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Do Kwon sentenced to 12 years and $19M fine for Terraform Labs fraud
Do Kwon receives 12-year sentence and $19M fine for fraud; Terraform Labs co-founder convicted in South Korea; LUNA collapse caused $40B losses.
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Tron and Tether freeze $250M in illicit crypto with Binance partnership
Tron and Tether froze $250M in illicit crypto, partnered with Binance. USDT transactions monitored. 2023 saw increased enforcement against crypto crimes.
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Ripple wins SEC case after 5 years, securing XRP fundraising rights
Ripple (XRP) secured a favorable SEC ruling after 5 years, enabling legal fundraising. The case involved $1.3 billion in disputed transactions, impacting crypto regulations.
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Paxos pursues US bank license with $500M reserves as stablecoin rules evolve
Paxos seeks US bank license amid evolving stablecoin regulations, with $500M in reserves and partnerships with PayPal and Mastercard.
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Roman Storm’s Sept. 30 motions deadline defines Tornado Cash retrial scope
Roman Storm faces a Sept. 30 deadline for motions; retrial scope involves Tornado Cash and $1.5B in alleged transactions, impacting crypto privacy tools.
