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CRIME LAWSUITS

The Daily: Telegram CEO arrest tied to cybercrime, Abra settles charges with the SEC, stablecoin market cap reaches all-time high and more

Telegram CEO’s arrest tied to cybercrime investigation of unauthorized ‘cryptology’ services, say French authorities Abra settles SEC charges of unregistered sale of crypto asset securities in Abra Earn Stablecoin market cap hits new all-time high, beating early 2022 record The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 26/08/2024 - 21:25 PM

LAWSUITS SEC

Abra settles SEC charges of unregistered sale of crypto asset securities in Abra Earn

The SEC settled charges against Abra for unregistered crypto asset securities. Abra's yield-earning service used customer assets without compliance, leading to penalties and a prohibition on violations.

theblock.co • 26/08/2024 - 18:35 PM

KRAKEN LAWSUITS SPOT BITCOIN ETF

The Daily: Bitcoin spikes following Fed Chair comments, crypto groups warn of privacy concerns, Kraken denied SEC case dismissal and more

Bitcoin surges past $61,000 due to Fed Chair's comments; privacy concerns raised about SEC's audit trail; Kraken's motion dismissed; China extradites crypto pyramid scheme leader.

theblock.co • 23/08/2024 - 21:06 PM

KRAKEN LAWSUITS SEC

Crypto exchange Kraken’s motion to dismiss US SEC case denied

Kraken failed to dismiss an SEC lawsuit alleging it operated unregistered securities transactions. The case emphasizes ongoing regulatory challenges in the cryptocurrency industry.

theblock.co • 23/08/2024 - 18:47 PM

KRAKEN LAWSUITS

Kraken blames 'unclear' crypto regulations for court loss in Australia

Kraken responded to a court ruling against its Australian operator Bit Trade for regulatory non-compliance, emphasizing the need for clearer cryptocurrency regulations in the country.

theblock.co • 23/08/2024 - 08:31 AM

COURT HEARINGS LAWSUITS SEC

SEC pushes back against Hex founder Richard Heart's efforts to dismiss case

The SEC rebuts Richard Heart's motion to dismiss his lawsuit, asserting jurisdiction and alleging fraud over unregistered securities sales linked to personal luxury purchases.

theblock.co • 22/08/2024 - 21:26 PM

AVALANCHE BITCOIN DONALD TRUMP FTX GARY GENSLER LAWSUITS

The Daily: Trump endorses a crypto project, FTX-tied former congressional candidate gets charged, Grayscale's new AVAX fund and more

Donald Trump endorses a crypto project, charges against a former candidate linked to FTX, Grayscale's new trust, Bitcoin market updates, and SatLayer's funding round highlights.

theblock.co • 22/08/2024 - 21:23 PM

COURT HEARINGS CRIME FTX LAWSUITS SBF TRIAL

Former congressional candidate with FTX ties Michelle Bond charged with unlawful campaign contributions

Damian Williams, the United States Attorney for the Southern District of New York, announced the unsealing of Bond’s indictment following back and forth between Bond’s partner and former FTX executive Ryan Salame and prosecutors on whether she should be investigated. Bond ran unsuccessfully for a U.S. House seat in 2022 in New York’s 1st district as a Republican. Soon after, prosecutors said Bond’s romantic partner, who was a “high-level executive at a Bahamas-based subsidiary of a now-defunct cryptocurrency exchange,” organized a “sham consulting agreement,” between Bond and the exchange.

theblock.co • 22/08/2024 - 18:04 PM

CRIME LAWSUITS SEC

Former SEC crypto enforcement chief David Hirsh leaves for private practice

David Hirsh, former SEC crypto lead, joins McGuireWoods to enhance their securities enforcement and regulatory counseling amid increasing scrutiny of the cryptocurrency industry.

theblock.co • 19/08/2024 - 14:30 PM

LAWSUITS

Australia’s securities watchdog sues ASX over alleged ‘misleading’ claims on paused blockchain project

The Australian Securities and Investments Commission sued ASX Limited for misleading statements regarding a blockchain project, leading to financial penalties and market consequences.

theblock.co • 14/08/2024 - 09:20 AM

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