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According to the SEC, Coinbase has operated as an unregistered broker, exchange and clearing agency simultaneously, arguing that it solicited customers, handled orders, allowed for bids and acted as an intermediary all at once. The suit named Coinbase, Inc. and Coinbase Global, Inc. as defendants, but did not name founder
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The United States Securities and Exchange Commission has filed a lawsuit against New York-based crypto exchange Coinbase for offering unregistered securities.The SEC lawsuit alleged that Coinbase has never registered as a broker, national securities exchange or clearing agency, evading the disclosure scheme for securities markets. SEC alleged that several tokens offered
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Securities and Exchange Commission is taking legal action against Binance and its CEO, Changpeng Zhao (CZ). The SEC lawsuit claims that Binance “unlawfully solicited” customers from the U.S. to trade assets on unregistered platforms. Also,
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DYDX, the native token for the decentralized exchange platform with the same name, jumped to $2.23 at press time after the U.S. Securities and Exchange Commission said it sued Binance, the largest crypto exchange by trading volume, for violating federal law. Source
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The United States Securities and Exchange Commission (SEC) filed suit against Binance, its U.S. platform and CEO Changpeng Zhao (CZ) in the District Court for the District of Columbia on June 5. 4.Our team is all standing by, ensuring systems are stable, including withdrawals, and deposits. We will issue a response
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The U.S. Securities and Exchange Commission is suing crypto exchange Binance and its CEO, Changpeng "CZ" Zhao on allegations of violating federal securities laws. Source
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The lawsuit alleges fraud, breach of contract and fiduciary duty, as well as aiding and abetting against DX Corr and its executives as well as former Coinmint employees. Coinmint is asking for “actual, compensatory and consequential damages, including but not limited to the $23 million,” that it deposited for the
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Crypto miners like these two work on oil and natural gas wells where excess gas is released, or flared into the atmosphere, adding carbon dioxide equivalents, particularly methane. The miners instead set up power generators that burn that excess gas, extracting energy and using it to power bitcoin mining rigs. Original
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FTX lawyers are suing former CEO Sam Bankman-Fried, co-founder Zixiao Wang, and former senior executive Nishad Singh over the $220 million acquisition of stock-clearing platform Embed, alleging lack of due diligence. According to a May 17 filing, FTX had paid $220 million to acquire Embed through its United States subsidiary after having
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Riot claims that Rhodium "deliberately miscalculated" how much in hosting fees it had to pay for Riot's hosting services. The two were supposed to share the net revenue from Rhodium's mining at the Whinstone facilities, said the lawsuit, which further alleged that the Rhodium entities short-changed Whinstone for $26 million
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