Honduras’ CNBS regulator has banned the financial system from trading in cryptocurrency and similar virtual assets, citing risks of fraud and money laundering. The resolution, which takes immediate effect, prohibits institutions under CNBS supervision from engaging in activities involving cryptocurrencies, tokens, or any unauthorized virtual assets. This move underscores regulatory concerns in a country where crypto assets are not currently regulated by law.
Han Chang-joon, the former financial officer of Terraform Labs, has been extradited to South Korea to face charges related to the company’s collapse. However, the fate of Do Kwon, the Terraform founder, remains uncertain as both the US and South Korea vie for his extradition, leaving him in limbo and the full picture of accountability incomplete.
Banmeet Singh, a 40-year-old Indian national, has confessed to operating a large-scale drug network on the dark web with global reach. His narcotics enterprise spanned continents and involved the sale of controlled substances to a global clientele.
Ivan Turogin and Sergei Potapenko, the minds behind a massive $575 million cryptocurrency Ponzi scheme, will face justice in the United States after Estonia approved…
In a stark warning posted on Twitter, MicroStrategy CEO Michael Saylor urges caution against a persistent scam plaguing YouTube: deepfake videos promising easy Bitcoin doubles. Highlighting his team’s daily takedown of 80 such videos, Saylor emphasizes the importance of vigilance in a landscape rife with digital trickery.
Gary Gensler, the head of the U.S. Securities and Exchange Commission, tweeted a cautionary message to crypto investors, reminding them of the legal uncertainties and potential scams in the crypto market. His tweet came as the crypto community is eagerly anticipating the approval of a spot bitcoin ETF by the SEC.
OKX, a leading Web3 technology company and cryptocurrency exchange, has halted trading of sats, a BRC-20 token that pays homage to satoshi, the smallest unit of Bitcoin. The suspension came after a loophole was discovered in the OKX Web3 Wallet Ordinals trading market, where a large number of fake sats tokens were displayed in pending orders, deceiving unsuspecting buyers.
The U.S. government has decided to abandon its plans to prosecute Sam Bankman-Fried, the founder of FTX, on additional charges after he was convicted of fraud last month. The decision has sparked controversy among critics and supporters of the crypto billionaire.