The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for …
Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors
Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.Source …
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Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.
OneCoin's victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014.Source …
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Celsius lawyer and adviser fees on track to reach $144M, community responds
Software developer Cam Crews compiled data showing almost $102 million filed with the courts, with $42 million estimated in additional fees yet to be filed. Source …
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Manta Network seeks to bring privacy to nonfungible crypto assets with new NPO platform
The new NFT Private Offering platform will enable users to mint nonfungible tokens and soulbound tokens while maintaining the privacy of their crypto assets. Source …
Florida Gov. Ron DeSantis Proposes Law to Ban CBDCs
The Biden Administration is currently studying the possibility of introducing a central bank digital currency.Source …
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SBF shilled FTX risk model to FDIC chairman Gruenberg prior to collapse
The invitation was mediated by former CFTC Commissioner Mark Wetjen, who joined FTX US as the head of policy and regulatory strategy in November 2021. Source …
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