The US Securities and Exchange Commission (SEC) announced that Terraform Labs PTE, Ltd. and Do Kwon have agreed to pay over $4.5 billion.SEC Chairman Gary Gensler stated: "This case confirms the repeated fact that the economic substance of a product, not labels, promotion, or hype, determines whether it is a security under securities laws. Terraform and Do Kwon's fraudulent conduct reminds us that investors are harmed when companies break the law."
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Chairman of the U.S. SEC: The economic substance of a product determines whether it is a security under the Securities Act
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Slurpycoin on BSC was attacked by flash loans, and the attacker used the repurchase mechanism to manipulate the token price for profit
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On December 19th, the European police organization collaborated with law enforcement agencies from six countries to dismantle an international drug trafficking group that used cryptocurrency. The operation resulted in the arrest of 9 suspects. During the operation, valuable items including gold and luxury goods, €35,000 in cash, and €25 million in cryptocurrency (equivalent to $26.23 million) were seized. The total value of assets seized was €27 million, equivalent to $28.33 million. -
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ZachXBT: LastPass attackers stole approximately $5.36 million in crypto assets from more than 40 addresses
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Arizona man allegedly impersonated Uber driver to steal $300,000 in cryptocurrency
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Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
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Cointime June 29th News Express
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