Category: Law of the Chain
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S&P flags Sky Protocol’s $1.2B TVL risks due to capital and centralization issues in 2024
S&P warns Sky Protocol faces capital and centralization issues with $1.2B TVL, citing risks for Ethereum and DeFi sector stability in 2024.
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Do Kwon pleads guilty to defrauding crypto investors in $40 billion Terra collapse
Do Kwon admitted guilt in defrauding investors during Terra’s $40B collapse; LUNA and UST crashed in May 2022.
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Do Kwon pleads guilty in $40B Terra Luna collapse case
Do Kwon pleads guilty in Terra Luna collapse involving $40B loss, impacting LUNA and UST tokens, with SEC investigating the 2022 incident.
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Stablecoin regulations diverge globally, impacting USDT and USDC adoption in 2023
Stablecoin regulations vary globally, with USDT and USDC facing divergent policies. In 2023, stablecoin transactions exceeded $7 trillion, highlighting their market significance.
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Trump weighs lawsuit against Powell as Fed holds rates at 5.5%
Donald Trump considers legal action against Fed Chair Jerome Powell as rate-cut debates intensify; inflation hits 3.2%, S&P 500 reacts.
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Patrick Witt named Trump’s crypto adviser as Bitcoin gains 15% in 2024
Patrick Witt, Trump’s new crypto adviser, previously led the Student Loan Marketing Association. Bitcoin surged 15% post-announcement. Witt advises on blockchain policy with Coinbase and Ripple.
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Bithumb enforces 80% crypto loan reduction for BTC and ETH traders
Bithumb reduced crypto loan limits by 80%, affecting BTC and ETH traders. The exchange handles $1.2B daily volume amid tightening regulations.
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Fenwick and West law firm sued over alleged role in FTX’s multibillion-dollar theft
Fenwick and West faces lawsuit for aiding FTX in $8B fraud case, filed March 2023, alongside ex-CEO Sam Bankman-Fried.
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T3 Financial Crime Unit freezes $250M in assets with Binance joining T3+ program
T3 Financial Crime Unit launched T3+ with Binance as first member, freezing over $250M in assets. The program targets global financial crime collaboration.
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FTX investors sue Sullivan & Cromwell over 2022 exchange collapse fraud
FTX investors sued Sullivan & Cromwell, alleging the law firm enabled fraud; FTX collapsed in 2022 with $8 billion in missing client funds.
