Nigerian officials proposed secret crypto settlement, claims Binance CEO
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them. Go to Source
Investigation
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Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded
While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license. Go to Source
SEC Issues Wells Notice to Robinhood Over Crypto Operations
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff … Read more
Chinese ‘Crypto Dad’ faces government investigation
Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations. Go to Source
South Korea Launches Investigation Into Worldcoin’s Data Collection Practices
The government of South Korea has opened an investigation into Worldcoin, the iris scanning cryptocurrency and digital wallet project. According to a press release, the Personal Information Protection Commission, the data privacy watchdog in the country, will investigate the actions taken by Worldcoin regarding the treatment of the data collected from users and will take … Read more
IRS tax bill will swipe creditors of any ‘meaningful recovery,’ says FTX
FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill. Go to Source
FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute
The latest transfer of $10.8 million was spread across 8 tokens, including Stepn (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum (ARB) and Optimism (OP). Go to Source
BNB pops after report that DOJ wants $4B settlement with Binance
BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange. Go to Source
Kronos Research halts trading amid $25M API key hack investigation
While Kronos Research is indefinitely halting trading services until internal investigations track down the culprit who stole over 12,800 ETH, the firm said that potential losses are not a significant portion of its equity. Go to Source
Ukraine officials get training on crypto and virtual assets investigation
The officials from Ukraine were trained in tracing crypto transactions over different blockchains using specialized analytics software. Go to Source
