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Terraform Labs, founded by Do Kwon, has once again accused Citadel Securities of deliberately causing the depegging of its TerraUSD (UST) stablecoin in 2022. On Oct. 10, the company filed a motion in the United States District Court for the Southern District of Florida to compel Citadel Securities to release documents
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The collapsed financial firm had previously supplied cards to several cryptocurrency companies. Source
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In the latest blow to the embattled Canadian cryptocurrency exchange Coinsquare, reports are accusing the platform’s top executive of orchestrating a wash-trading scheme in clear violation of securities law.Wash-trading refers to an exchange artificially inflating its trade volume through executing larger zero-fee market trades into their own orders, creating the
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The New York Attorney General (NYAG) Letitia James announced the conviction of Shopin founder Eran Eyal for orchestrating a fraudulent initial coin offering (ICO) following his guilty plea.As the NYAG announced on Dec. 12, the former CEO of Shopin pleaded guilty to felony charges for running a fraudulent initial
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The United States Securities and Exchange Commission (SEC) has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering (ICO).In a press release on Dec. 11, the SEC alleged that the businessman and his company defrauded hundreds of investors in an ICO that raised more than $42
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The United States Securities and Exchange Commission (SEC) has charged Jonathan C. Lucas, the founder of adult entertainment marketplace Fantasy Market, with orchestrating a fraudulent initial coin offering (ICO).According to the SEC complaint published on Sept. 23, Lucas received around $63,000 in cryptocurrency from more than 100 investors “through
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