Do Kwon’s Fraud Victims Exceed One Million: Court Filing
The Government estimates that the number of victims of Kwon’s actions exceeds hundreds of thousands and potentially totals more than one million.
Blockchain news category covers the foundational technology powering the crypto world. Discover updates on scalability solutions, layer‑1 and layer‑2 protocols, decentralized apps (dApps), enterprise adoption, and how blockchain is reshaping sectors from finance to supply chain. A must‑read for understanding the infrastructure behind the headlines.
The Government estimates that the number of victims of Kwon’s actions exceeds hundreds of thousands and potentially totals more than one million.
Michael Barr’s planned departure as Federal Reserve Board Vice Chair for Supervision marks a significant shift in financial oversight, with implications for both traditional banking and cryptocurrency regulation.
Gemini Trust Company reaches $5 million settlement with CFTC over Bitcoin futures case, choosing to resolve litigation before the upcoming Trump administration.
Polymarket predictions suggest Trudeau’s potential resignation as approval declines, with media reports hinting at an earlier departure before January 10.
In line with its plans for the future of gaming, ZKcandy has shared a roadmap that includes building a Telegram-based EVM gaming ecosystem.
Pause letters suggest that while banks were directed to temporarily hold back on expanding crypto services, there was no blanket order to cut off the sector.
Coinbase is entering the CFD market with the acquisition of Stryk, a BUK Cyprus Division it has now renamed.
The blockchain industry recorded an outstanding year in 2024 amid transaction costs hitting new peaks.
Frax Finance DAO is shifting the standards in the stablecoin market with frxUSD set to be backed by BlackRock’s BUIDL.
Prosecutors allege that Kwon orchestrated a multibillion-dollar fraud that left investors reeling.
Crypto exchange KuCoin has introduced its KuCoin Pay retail payments system to drive more user utility.
Telegram enhances platform security with decentralized verification system and expands user features through NFT gift upgrades and advanced search capabilities.
Morgan Stanley’s E-Trade explores cryptocurrency trading services expansion amid growing institutional interest and favorable regulatory outlook under incoming administration.
Tether, Tron, and TRM Labs’ joint initiative successfully freezes $100M in USDT through blockchain analysis, marking a major win against crypto-based financial crimes.
The strategic partnership between Plume and Ondo aims to expand RWAfi adoption, bringing tokenized US Treasury products with 4.65% APY to global investors.