While the Terra/UST $60 billion fiasco appears to be gradually dying down, South Korean prosecutors have revealed plans to launch a fresh investigation into the firm and its executives. According to a...
Tag: Investigation
South Korean Prosecutors Starts New Investigation Into Terra (LUNA)
South Korean prosecutors’ team has started a new investigation and review on Terra tokens to categorize them under securities. TerraForm Labs, its founder Do Kwon, and other affiliates will also be ch...
Wells Fargo Shells Out $145 Million To End Feds’ 401(k) Investigation
Topline Wells Fargo agreed to pay $145 million to end a Department of Labor investigation into alleged malpractice with employees’ 401(k) retirement accounts Monday, in the latest major penalty for We...
Crypto Exchange WazirX Sees Assets Unfrozen Amid Indian Regulator’s Investigation
India’s Enforcement Directorate (ED) has unfrozen the accounts of crypto exchange WazirX, according to the exchange’s update. The exchange’s bank accounts were unfrozen following “active cooperation”...
Trump’s Save America PAC Under Investigation In January 6 Probe
Topline A grand jury investigating the January 6 attack on the Capitol and the aftermath of the 2020 election is looking into former President Donald Trump’s Save America PAC, multiple outlets reporte...
Mystery Respiratory Illness In Argentina Prompts Investigation After 3 People Die
Topline Three people have died from a mysterious respiratory illness in Argentina this week, local health authorities announced on Thursday, with experts hunting for the cause after ruling out common ...
Binance Under Investigation Over Bank Secrecy Act: Report
The Bank Secrecy Act is mostly concerned with anti-money laundering controls “We work with agencies regularly to address any outstanding questions,” Binance spokesperson said US authorities have an on...
Investigation Into Crypto Scams by US Congressman
US controllers worried on the rising commonness of crypto extortion Representative Raja Krishnamoorthi asks controllers how they’re safeguarding shoppers Congress needs evacuation of false compu...
US Congressman Demands Investigation Into Crypto Scams, Prods Exchanges to Intervene
On Aug. 30, the US House Oversight Committee’s subcommittee on economic and consumer policy demanded answers from regulators as to how they would fight against the crypto scams that have plagued the i...
Investigation into Exchange’s Activity Is Not About Money Laundering
Currently, the ED is reportedly investigating at least ten digital asset exchanges that are suspected of violating the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Launderin...
AVAX Falls 20% After Publication of “Evil Conspiracy” Investigation
Gamza Khanzadaev AVAX price under pressure due to recent accusations of attacking rivals using extremely dirty methods CryptoLeaks published an article saying that Ava Labs, the crypto start-up develo...
Empower Oversight Calls for Investigation into Hinman’s Alleged Conflict of Interest in Ripple vs. SEC Lawsuit
– Advertisement – The independent corruption watchdog mounts pressure on the SEC to investigate Hinman’s conflict of interest during his time at the agency. Empower Oversight, a leading ...
Singapore Amps Investigation Of Crypto Firms, Plans On Introducing New Regulations
The Singapore Central Bank has mentioned that it aims at creating stronger safeguards in order to protect retail customers. MAS has also been consulting the public for stablecoin regulation. Citing pe...
The Charles Schwab Corporation under investigation for violations of the securities laws
Apparently, the Charles Schwab Corporation (NYSE: SCHW) violated securities law and the Schall Law Firm, a national shareholder rights litigation firm, announced on August 25, that it is investigating...
GOP Rep. Perry Sues DOJ After It Seized Cell Phone For Jan. 6 Investigation
Topline Rep. Scott Perry (R-Penn.) sued the Department of Justice last week after it seized his cell phone as part of the agency’s investigation into the January 6 attack on the Capitol building and t...
The SEC Announces New Coinbase Investigation
Coinbase is one of the world’s largest and most powerful cryptocurrency exchanges, but lately, it’s having a hard time. Coinbase Is Being Looked at by the SEC Things started out rough a few months ago...
Philippine Fintech Startup PayMongo’s CEO Takes Leave Of Absence, Breaks Silence On Company Investigation
(From left) PayMongo cofounders Jaime Hing III, Francis Plaza and Luis Sia. Courtesy of PayMongo PayMongo announced Monday that its CEO and cofounder Francis Plaza is stepping away from the Philippine...
SEC Launch Investigation Against Digital Assets, What Is The Agency Upto?
It appears as if the Ripple vs SEC lawsuit is a never-ending battle. Every day there is a new update released regarding the ongoing dispute. Recently, the US Security and Exchange Commission (SEC) pro...
Crypto Lender Hodlnaut Cuts Staff Amid Police Investigation
Hodlnaut has laid off 40 employees to lower expenses Losses suffered by the firm’s Hong Kong subsidiary during the TerraUSD crash hurt its business Singapore-based cryptocurrency lender Hodlnaut is la...
Do Kwon reportedly hires lawyers in S. Korea to prepare for Terra investigation
Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any ch...
Terra’s Do Kwon reportedly seeks assistance from Korean law firm as investigation heats up
Days after appearing in public following the demise of his company that has sent ripples across the cryptocurrency sector, the CEO of Terraform Labs Do Kwon has reportedly lawyered up in preparation f...
FSS orders investigation into banks over kimchi premium ties 1
The Financial Supervisory Service (FSS) has ordered regulators to look into the activities of South Korean banks regarding their involvement in the Kimchi premium. According to a local news station re...
Acala submits governance proposal to burn $1.28B aUSD following investigation of exploit
Polkadot ecosystem’s stablecoin Acala ($aUSD) suffered an exploit over the weekend that led to a malicious actor minting $1.2 billion out of thin air. The Acala team “paused” operations via an emergen...
Police Close DUI Investigation Into Anne Heche’s Car Crash
Topline The Los Angeles Police Department has ended the investigation into a car accident involving actor Anne Heche, who was declared brain dead earlier this week after crashing her car into a house....
‘Rust’ Shooting Investigation Close To Wrapping Up, Still Awaiting Two Key Reports
Topline The Santa Fe County Sheriff’s Department said Thursday the investigation into the shooting on the set of the movie Rust, when a gun in Alec Baldwin’s fired and killed cinematographer Halyna Hu...
Criminal Investigation Results In Service Sus…
The trading platform Hotbit Crypto Exchange has suspended services after being subpoenaed in conjunction with a criminal investigation into a former employee. Ex-Employee’s Alleged Illegal Activities...
Coinbase staking product under SEC investigation
Coinbase confirmed that the U.S. SEC is investigating some of its products, including staking. The exchange disclosed this information in its quarterly report stating, “The Company has received invest...
Hotbit Suspends Trading, Withdrawals amid Criminal Investigation
Hotbit, a cryptocurrency trading platform based in Hong Kong, announced on Wednesday that it has suspended trading, deposit, withdrawal and funding functions because law-enforcement agencies have froz...
Brian Armstrong Says the More Crypto Regulation, the Better for Coinbase — CEO Discusses Alleged SEC Investigation – Regulation Bitcoin News
Coinbase CEO Brian Armstrong says “the more regulation there is for crypto, the better it is for Coinbase.” He revealed an inquiry from the U.S. Securities and Exchange Commission (SEC), noting: “We d...
WazirX’s Trading Volume Slashes by 50% Amid ED Investigation
The central agency Enforcement Directorate (ED) recently probed WazirX and froze its bank accounts worth Rs 64.67 crore. WazirX was investigated over a money-laundering case involving an amount of Rs...
Trump Set To Testify In New York Attorney General’s Civil Investigation Into His Business
Topline Former President Donald Trump said he will meet New York Attorney General Letitia James on Wednesday where he is expected to testify as part of the state’s civil investigation into his real es...