A new investigation claims that Binance’s billion-dollar security protocols are being manipulated by users around the world through inside help.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
USDT issuer Tether has up to $1.7B in excess reserves, CTO says
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis.
Arbitrum airdrop: Hacked vanity addresses used to siphon $500K
The tokens were stolen by someone who compiled vanity addresses that were eligible to receive $ARB airdrops, generated similar addresses using vanity address generators and directed the airdrops to them instead.
Arbitrum airdrop: Hacked vanity addresses used to siphon $500K
The tokens were stolen by someone who compiled vanity addresses eligible for ARB airdrops.
Greenpeace war on Bitcoin unintentionally spawns 'badass' new mascot
Greenpeace’s “Skull of Satoshi” artwork highlights their gripes with Bitcoin’s consensus mechanism, but Bitcoin supporters adopted it as a new mascot.
Cathie Wood's ARK loading up on Coinbase shares again, buying $18M
ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.
'Surgical removal' of crypto will only weaken USD dominance, commentators say
A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America's crypto future.
3AC co-founder can answer subpoena or 'take his chances' — US judge
The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena.
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Chinese crypto billionaire sued by SEC
On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly known as BitTorrent).
The complaint alleges that Sun and his companies “fraudulently” manipulated the secondary market for Tron (TRX) tokens through “extensive wash trading”, citing more than 600,000 such trades, and paying celebrities to promote TRX and BitTorrent (BTT) tokens with zero disclosure.
Multiple prominent American celebrities, such as Lindsay Lohan and Jake Paul, were named as defendants in their alleged roles in promoting TRX and BTT without proper disclosure. Some have since settled with the SEC. In addition, the SEC alleges that bounty programs and airdrops used to promote TRX and BTT were unregistered investments. Gary Gensler, chairman of the SEC, commented:
“As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX.”
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Chinese crypto billionaire sued by SEC
On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly known as BitTorrent).
The complaint alleges that Sun and his companies “fraudulently” manipulated the secondary market for Tron (TRX) tokens through “extensive wash trading”, citing more than 600,000 such trades, and paying celebrities to promote TRX and BitTorrent (BTT) tokens with zero disclosure.
Multiple prominent American celebrities, such as Lindsay Lohan and Jake Paul, were named as defendants in their alleged roles in promoting TRX and BTT without proper disclosure. Some have since settled with the SEC. In addition, the SEC alleges that bounty programs and airdrops used to promote TRX and BTT were unregistered investments. Gary Gensler, chairman of the SEC, commented:
“As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX.”
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Chinese crypto billionaire sued by SEC
On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly known as BitTorrent).
The complaint alleges that Sun and his companies “fraudulently” manipulated the secondary market for Tron (TRX) tokens through “extensive wash trading”, citing more than 600,000 such trades, and paying celebrities to promote TRX and BitTorrent (BTT) tokens with zero disclosure.
Multiple prominent American celebrities, such as Lindsay Lohan and Jake Paul, were named as defendants in their alleged roles in promoting TRX and BTT without proper disclosure. Some have since settled with the SEC. In addition, the SEC alleges that bounty programs and airdrops used to promote TRX and BTT were unregistered investments. Gary Gensler, chairman of the SEC, commented:
“As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX.”
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon.
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon.
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon.
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon.
Do Kwon faces fraud charges from US prosecutors hours after arrest
The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.
Do Kwon faces fraud charges from US prosecutors hours after arrest
204 Total views
6 Total shares
Listen to article
News
Own this piece of history
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.
The world could be facing a dark future thanks to CBDCs
From forcing people to spend their money to making them save it, central banks around the world could soon use CBDCs to create a dystopian nightmare.
Coinbase CEO calls for action in electing pro-crypto lawmakers following SEC Wells Notice
Brian Armstrong urged crypto proponents to "contact their congressman, donate to pro-crypto candidates, show up at town halls" in an effort to achieve clear rules for crypto.
Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday's $1.2B options expiry
BTC price dropped as the Fed rolled out a 0.25% rate hike, but improving housing market data and Bitcoin options data suggests that bulls are ready for this week’s expiry.