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Terraform Labs founder Do Kwon has been found guilty of using a false passport by a court in Montenegro and has been sentenced to four months in prison.Kwon’s colleague and former Terraform Labs chief financial officer Han Chong-joon was charged alongside him and received the same sentence. The time both
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The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon. Source
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Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next?After some brutal tests of traders' resolve over the past seven days, BTC price is still determined to hold familiar ground.Market participants are in "wait and see" mode as a
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"At least as of the date of the interview, parties collectively operating as Abra were or were nearly insolvent," the filing said. "Notwithstanding the forgoing, Plutus Financial Holdings, Inc., or an affiliate or subsidiary thereof, posted information in an official social media platform that represents: 'There is no truth that
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The price of Bitcoin (BTC) has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry. Within the span of 30 minutes on June 15, the price of Bitcoin fell 4% from $25,867 to $24,819 according to
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"Regardless of whether the Commission determines to undertake the rulemaking sought by Coinbase, a decision the Commission has yet to make, Coinbase – like everyone else – is bound by existing law," the SEC filing said. "And Coinbase is free to vigorously assert its position that it has not violated
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The two are the first companies added by the Financial Conduct Authority to the crypto register in six months. Source
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The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud. Original Source
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Cryptocurrency-related enforcement actions undertaken by the United States securities regulator significantly increased in the six months following the bankruptcy of cryptocurrency exchange FTX.An analysis of press releases from the Securities and Exchange Commission (SEC) and news reports on its actions found that in the six months preceding FTX’s collapse —
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GameStop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs).According to a June 7 statement, Furlong was terminated, while Ryan Cohen — a billionaire investor held in high esteem by memestock traders following the notorious GameStop short squeeze in 2021 —
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