Do Kwon’s $437K Bail Contested By Montenegro Prosecutors
Summary: The State Prosecutor’s Office in the capital Podgorica filed an appeal contesting Do Kwon’s bail. A Basic Court approved a bail worth £400,000 ($437,000) for the TerraUSD creator Do…
US Trustee Insists On FTX Independent Examiner In Latest Court Filing
Summary: Department of Justice Trustee Andrew R. Vara argued that the court must reassess its decision not to appoint an independent examiner in the FTX bankruptcy case. Judge John Dorsey…
Binance Australia Suspends AUD Fiat Withdrawals And Deposits
Binance Australia has suspended Australian Dollar (AUD) services, including withdrawals. The crypto exchange’s Australian arm blamed issues with the local payment service provider for suspending fiat services. The exchange is…
Court Approves Voyager’s Plan To Payback Customers Just 35% Of Their Claims
Voyager Digital has won the bankruptcy court’s approval to start repaying its creditors and customers. The bankrupt crypto lender’s customers will only be able to recover 35% of the amount…
UK Treasury Committee Wants Unbacked Crypto To Be Regulated Like Gambling
A parliamentary committee in the UK wants unbacked crypto assets to be regulated as gambling rather than financial activity. The Treasury Committee’s latest report compelled the government to treat crypto…
Court Denies SEC’s Request To Seal Hinman Documents In Ripple Lawsuit
The SEC’s motion to keep the infamous Hinman documents sealed has been denied by the court. District judge Analisa Torres’ latest ruling comes in the closely watched legal battle between…
Justin Sun Calls Out Huobi Founder’s Brother For Dumping HT Tokens
Justin Sun has called out the brother of Huobi founder Li Lin for dumping HT tokens. The Tron founder accused Li Wei of driving down the price of HT tokens…
“We don’t want it” CT Responds To Ledger Recover
Summary: Ledger’s latest update touted as an “additional safety net” received backlash from customers and crypto Twitter commentators. The company’s response on social media left users unconvinced and seemingly did…
MiCA Receives Greenlight From EU Finance Ministers
Summary: 27 member states in the EU’s council wholly supported the bloc’s Markets in Crypto Assets regulation or MiCA during a vote on May 16. European Union ministers also backed…
Crypto Community On Edge After Ledger Announces Seed Phrase Recovery Service
Summary: Ledger’s latest firmware update will allow users to split their seed phrase into shards and backup this sensitive information with three custodians including the company itself. Users will have…
SEC Will Continue Using Enforcement Actions As A Substitute For Rulemaking
The U.S. Securities and Exchange Commission has responded to the mandamus petition filed by Coinbase. The regulator has indicated that it will continue initiating enforcement actions in the absence of…
SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD
Court filings by the U.S. SEC claim that Jump Trading entered a secret deal with Do Kwon in 2021. Jump Trading allegedly propped up Terraform Labs’ TerraUSD stablecoin a year…
BlockFi To Liquidate Its Crypto Lending Platform After Failing To Sell
BlockFi has planned to liquidate its crypto lending platform after determining that its the best course of action for creditors. The bankrupt crypto lender’s decision comes after multiple unsuccessful attempts…
Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch
Lido Finance has enabled Ethereum withdrawals after its V2 mainnet went live earlier today. The community behind the DeFi staking platform passed an on-chain vote to approve the transition to…
SEC Could Settle For $111,000 Penalty Instead Of $22 Million In LBRY Case
Summary: Court documents show that the SEC could slash its $22 million fine against crypto company LBRY for alleged violations, per filing made on Friday, May 12. The watchdog said…