The U.S. Securities and Exchange Commission (SEC) has charged Mango Market exploiter Avraham Eisenberg with manipulating MNGO tokens to steal $116 million, according to a January 20 press statement. A...
Tag: SEC
Ripple CTO Weighs In on Upcoming Ruling in SEC Lawsuit, Says XRP Fits the Definition of a ‘Commodity’
Ripple’s chief technology officer David Schwartz says the company’s XRP token is a “commodity” despite an ongoing legal dispute over its status. Schwartz claims XRP fits into the definition of a commo...
SEC Charges Mango Markets Attacker With Manipulating Price of ‘Security’
The United States Securities and Exchange Commission (SEC) today charged Mango Markets attacker Avraham Eisenberg—who previously claimed responsibility for the scheme—with alleged fraud and market man...
SEC says Mango Markets attacker stole $116M, violated securities laws
The U.S. Securities and Exchange Commission (SEC) has charged Mango Markets attacker Avraham Eisenberg, according to a Jan. 20 press release. The regulator accused Eisenberg of manipulating the MNGO c...
Nexo Settles with SEC, Will Pay $45 Million and Kill Crypto Lending Product
It has been a tough week for Nexo Capital. On Sunday, Bulgarian authorities said they have evidence of Nexo customers using the platform for illegal activities, including laundering money, “tax offens...
Thailand SEC Issues Rules For Firms Offering Crypto Custody Services
8 hours ago | 2 mins read Exchange News Since January 16th, the new rules have been in place. Already established firms have been given a grace period of six months to comply. On Tuesday, the Securiti...
Nexo to pay 45 million fine to SEC
In September last year, Nexo was sued in eight US states for allegedly selling unregistered securities. The lawsuit, filed in New York State Supreme Court, accused Nexo of promoting and selling secur...
SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto – Cryptopolitan
The United States Securities and Exchange Commission (SEC) has joined the Commodity Futures Trading Commission (CFTC) and other regulatory bodies in bringing charges against a cryptocurrency user who ...
Ripple (XRP) CEO optimistic against the SEC
In recent hours, Ripple‘s CEO stated that he is optimistic about the SEC’s lawsuit against XRP. In particular, he said he feels very good about where his company is with respect to the law and the fac...
SEC charges Avraham Eisenberg for $116 million Mango Markets exploit
The U.S. Securities and Exchange Commission charged Avraham Eisenberg, who is known as Mango Avi, with orchestrating an attack on Mango Markets and draining $116 million from the crypto trading platfo...
Crypto lender Nexo settles with SEC at this absurd amount… Details inside
Nexo’s settlement with the SEC amounted to millions. The SEC ‘expected compliance’ from all firms that traded securities, as per the Director of the SEC’s Division of Enforcement. The Securities and...
NEXO prices deny the news trends — SEC levies penalties worth $45M
Nexo comes to an agreement with the agency to make penalty payments. A week ago, Bulgarian authorities raided Nexo offices. Prices increased by more than 13%. It’s been a week since the local au...
Former High-Ranking SEC Official Blasts Crypto Lender Nexo’s $45,000,000 Settlement Deal With US Regulator
A former high-ranking executive of the U.S. Securities and Exchange Commission (SEC) is calling out crypto lender Nexo’s multimillion-dollar settlement with the regulatory agency. According to a new p...
SEC Under Fire: FOX’s Gasparino Accuses Agency of Mishandling Ripple Case, Deaton Responds
The SEC filed a lawsuit against Ripple Labs Inc., the firm behind the XRP cryptocurrency, in December 2020, saying that the company engaged in an unregistered securities offering of XRP for $1.38 bill...
SEC vs. Ripple Case May Conclude in the Coming Six Months: Ripple CEO
In December 2020, SEC filed a lawsuit against Ripple. The SEC claimed that the sales of XRP included an investment contract and the token offering was also unregistered. Ripple opposed the SEC’s...
Nexo Capital Fined by U.S. SEC for Unregistered Lending Offering
Nexo Capital Inc. was fined by the U.S. Securities and Exchange Commission (SEC) unregistered offer and sale of its lending product. The securities regulator said in a statement that Nexo agreed to pa...
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit – Featured Bitcoin News
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Ge...
Crypto Whales Move 356M XRP As Ripple v. SEC Lawsuit Nears Its End
– Advertisement – Whale interest in XRP surges as the Ripple v. SEC lawsuit gets fully briefed. Whale Alert, a leading cryptocurrency whale tracking service, has continued to share updates...
Ripple CEO Says Chance of Settling With SEC in XRP Lawsuit Is ‘Zero’, Predicts When Ruling Could Be Delivered
Ripple CEO Brad Garlinghouse doesn’t think the payments firm will reach a settlement with the U.S. Securities and Exchange Commission (SEC) in the lawsuit alleging XRP to be a security. Garlinghouse s...
Nexo Pays $45M to Resolve SEC and State Regulator Charges
5 hours ago | 2 mins read Exchange News Nexo agreed to pay $45 million to settle SEC and state regulator charges. Nexo was charged by SEC for failing to register the offer and sale of EIP products. Ne...
Ripple Vs SEC Sees Last Update, Rumors About SEC Supporter
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) received a slightly different schedule update yesterday, according to U.S. Attorney and former federal prosec...
Ripple v. SEC Lawsuit Gets “The Best Update Ever”
– Advertisement – Deaton Names James Filan’s Latest Tweet on Ripple v. SEC Lawsuit “The Best Update Ever.” The long-running legal brawl between Ripple and the U.S. Securities and Exchange ...
SEC Win Possible Against Ripple?
XRP News: Ripple Defendants and US SEC both parties filed their opposition to the third party’s motion to redact specific details in the Ripple lawsuit. The crypto community now awaits the crucial Sum...
FOX’s Gasparino Says “SEC Botched Its Regulatory Agenda” By Suing Ripple, Deaton Reacts
– Advertisement – Gasparino releases new comments on the FTX implosion. In a tweet today, FOX Business senior correspondent Charles Gasparino slammed the Securities and Exchange Commissio...
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product – Bitcoin News
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing ...
XRP Is All Set To Make A 180 Flip! Will Ripple SEC Lawsuit Initiate A Fresh Uptrend For XRP?
XRP price has kept traders and investors on the verge of volatility as the trend creates confusion in the crypto space with concerns regarding the controversial central banks. Market experts believe t...
Ripple CEO ‘Optimistic’ About SEC Lawsuit Over XRP — Says ‘I Feel Very Good About Where We Are’ – Regulation Bitcoin News
Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolv...
SEC Crypto Enforcements: 50% Against ICOs in 2022
Consulting agency Cornerstone Research presented research with data from 2013 to 2022. Out of 30 enforcements, 14 were about ICOs. Considerable actions were taken against unregistered securities. T...
Nearly Half of SEC Crypto Enforcement Actions in 2022 Were Against ICOs
The U.S. Securities and Exchange Commission (SEC) brought a record number of crypto-related enforcement actions last year, up 50% as compared to 2021, per a report released by consulting firm Cornerst...
Nexo pays $45 million to settle SEC and state charges for failing to register lending product
Nexo agreed to pay $45 million to federal and state agencies after being charged by the Securities and Exchange Commission for failing to register the offer and sale of its retail crypto asset lending...