In this weekly recap, we cover:
- Ripple’s renewed call for an investigation into ex-SEC official William Hinman amid ongoing lawsuit, adding another layer of complexity to the tension-filled battle with the SEC.
- Prometheum cofounder Aaron Kaplan’s congressional testimony advocating for securities laws in crypto, setting off a wave of discussions within the crypto community.
- The SEC’s request for more time to respond to Coinbase’s rulemaking petition, inviting criticism from Coinbase’s Chief Legal Officer Paul Grewal.
- FTX winning the right to redact customer names permanently from court documents in the U.S., while facing an unfavorable ruling in the Bahamas Supreme Court against former CEO Sam Bankman-Fried.
- Uniswap’s unveiling of draft code for its V4, sparking a mix of excitement and concern over its security and user experience implications.
- Lazarus, a North Korean hacking group, was reported to have stolen over $100 million from Atomic Wallet, causing unrest among the wallet’s users due to the company’s silence.
- Bankruptcy filings from major firms like Banq, a unit of Prime Trust, Genesis, Voyager Digital, Three Arrows Capital, Celsius, and Bittrex, leading to rising financial uncertainty within the sector.
- The landmark case against DAO Ooki DAO, halted by a U.S. District Judge with a substantial fine, spotlighting potential liabilities for DAOs.
- Tether (USDT) experiencing a massive selloff due to unusual trading activity, creating instability within the crypto market.
- Curve Finance founder Michael Egorov being sued by three VC firms for alleged breach of contract and trade secrets misappropriation, stirring up yet another legal controversy in the crypto space.
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