Thursday, May 27, 2021
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Ripple ‘Tried’ to Settle With SEC Ahead of XRP Suit, CEO Says

Ripple tried to settle charges of conducting unregistered securities transactions with the U.S. Securities and Exchange Commission (SEC) before the federal regulator sued it in December, CEO Brad Garlinghouse said Wednesday.In a Twitter thread, Garlinghouse addressed what he described as five “key questions” about the SEC’s suit against Ripple, though

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SEC unveils suit against Ripple, calling XRP a ‘$1.3B unregistered securities offering’

The United States Securities and Exchange Commission has taken legal action against Ripple as well as its CEO, Brad Garlinghouse,and co-founder Christian Larsen.In charges filed today in federal district court in Manhattan, the commission is alleging that the XRP token is classified as a security and is accusing Ripple and

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BitMEX Chiefs Looted More Than $440M From Exchange After Finding Out About Probes, Suit Alleges

The top officers of HDR, the parent company of crypto trading platform BitMEX, which has been charged with facilitating unregistered trading and other violations, systematically looted $440,308,400 from HDR accounts, a civil lawsuit claims. HDR denied the original charges at the time they were brought. Source

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Prosecutors Detail Russians’ Crypto Phishing Scheme in Forfeiture Suit

The two Russians who were sanctioned earlier this week by the U.S. Treasury Department on accusations of being crypto thieves allegedly got their millions through market manipulation and phishing.  Prosecutors detailed Danil Potekhin and Dimitrii Karasavidi’s alleged heists, victims and target exchanges in a 30-page forfeiture complaint filed Wednesday against the

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