Court Slaps My Big Coin: Founders Hit With $25.8M Penalty for Defrauding Crypto Investors
A US court ordered My Big Coin founders to pay $25.8M for defrauding investors by falsely promoting a cryptocurrency backed by gold. The CFTC secured penalties and restitution for victims.
Bank of Ghana Flags Yellow Card Affiliate and Hanypay as Unauthorized Entities – News Bytes Bitcoin News
The Bank of Ghana warns against unauthorized digital payment platforms Yellow Card affiliate Yellowpay and Hanypay, citing lack of licensing and regulatory approval.
Russia Paying Teenage and Untrained Spies Using Bitcoin: Report – Decrypt
Russian intelligence agencies are using Bitcoin to pay teenage and untrained spies, with funds traced to wallets processing $600 million in BTC, linked to FSB operations.
Ethereum Foundation Donates $500,000 To Tornado Cash Co-Founder’s Legal Defense | Bitcoinist.com
The Ethereum Foundation donated $500,000 to Tornado Cash co-founder Roman Storm’s legal defense, matching up to $750,000 more. Storm faces charges related to operating a crypto mixer, with a trial set for July.
Trump’s Drone Deregulation Raises Fears of Domestic Terror Strikes – Decrypt
President Trump’s executive orders easing drone regulations raise security concerns, as experts warn of increased risks of terrorism and infrastructure attacks using weaponized commercial drones.
SEC greenlights Trump Media’s $2.3B Bitcoin Treasury deal
The SEC approved Trump Media’s $2.3B Bitcoin Treasury deal, allowing the company to hold BTC on its balance sheet. The funds were raised from 50 investors, with DRW Investments contributing $100M.
Shaquille O’Neal Agrees to $1.8M Settlement Over FTX Endorsement Lawsuit
Shaquille O’Neal settles for $1.8M in FTX endorsement lawsuit, resolving claims he promoted the failed crypto exchange. The deal covers affected investors and ends his legal ties to FTX.
NBA Legend Shaquille O’Neal To Settle FTX Endorsement Lawsuit for $1,800,000 – The Daily Hodl
NBA legend Shaquille O’Neal settles FTX endorsement lawsuit for $1.8 million, accused of promoting the defunct crypto exchange without due diligence.
GameStop Handing $4,500,000 To Customers After Allegedly Violating Privacy Laws, Sending Personal Information To Facebook – The Daily Hodl
GameStop will pay $4.5M to settle a lawsuit alleging it shared customer data with Facebook via tracking pixels without consent, violating privacy laws. Eligible customers may receive $5 or a $10 voucher.
Coinbase and Gemini Eyeing Multiple EU MiCA Licenses: Report – Coinspeaker
Coinbase and Gemini are seeking multiple EU MiCA licenses to expand operations across Europe, following approvals for firms like OKX and Crypto.com in Malta, amid regulatory concerns.
