Regulation
Former Minnesota Vikings owner Reggie Fowler will forfeit $740 million as part of a 75-month sentence for operating a crypto shadow bank.
Popular alt-coins plummet as SEC calls them securities in lawsuit against Binance.
Business
The SEC took action against Binance and its CEO Changpeng Zhao, which comes just months after the CFTC’s enforcement action.
Terra cofounder Do Kwon will not be allowed to leave his apartment as part of bail conditions set by Montenegro court.
The Met intends to return $550,000 in donations made by FTX last year. The crypto exchange previously made a splash at the museum’s famous Met Gala.
A draft proposal from House Republicans takes a different approach to tackling the thorny issue of whether crypto assets are commodities or securities.
Tech
Some Atomic Wallet users have reported losing their entire crypto portfolios following an exploit. ZachXBT estimates the losses to be over $35 million.
DeFi
The MakerDAO community has voted to remove the entirety of Paxos Dollar (USDP) stablecoins held in its reserves.
Binance will delist 12 privacy coins, including Monero and Zcash, in France, Italy, Poland and Spain.
Ethereum
The Arbitrum-based USDC will be the official version of the stablecoin, replacing the existing Ethereum-based bridged version.
