SEC Archives - Page 4 of 5

Prager Metis agrees to a $745K settlement with SEC over audit misconduct during the FTX collapse investigation.

Prager Metis to Pay $745K to Settle SEC Charges Over FTX Audit Misconduct

September 17, 2024 Dan K

Prager Metis settles with the SEC, agreeing to pay $745K for failing to adhere to auditing standards during its audit of crypto exchange FTX.

Changpeng Zhao and Ella Zhang announce YZi Labs rebranding at a press event.

FBI Confirms Binance Founder CZ to Be Released Next Week

September 16, 2024 Dan K

Binance founder Changpeng Zhao (CZ) will be released on September 29, 2024, signaling a critical moment for Binance and the global cryptocurrency market.

BaseBros Fi's $130,000 rug pull shakes the DeFi community after the protocol vanished, deleting its website and social media accounts.

BaseBros Fi Vanishes: DeFi Protocol Deletes Website

September 16, 2024 Dan K

BaseBros Fi vanished after draining $130,000 via an unaudited contract, leaving investors without access to their funds and deleting its online presence.

Blockchain

Kraken Responds to SEC Allegations, Claims Digital Assets Do Not Qualify as Securities

September 13, 2024 Dan K

Kraken denies SEC’s claims that digital assets are securities, arguing that cryptocurrencies like Cardano and Algorand do not meet legal criteria.

Blockchain

SEC’s Regulatory Hammer Falls on Crypto: $7.42 Billion in Fines Since 2013

September 12, 2024 Dan K

The SEC has fined the cryptocurrency industry $7.42 billion since 2013, with a record $4.68 billion in 2024 alone. Major cases include Terraform and Ripple.

Blockchain

Coinbase Shareholder Lawsuit Against Exchange to Proceed Amid Regulatory Scrutiny

September 6, 2024 Dan K

A judge ruled that Coinbase shareholders can proceed with a lawsuit, claiming the exchange misled investors about the risks of an SEC crackdown.

Vivek Ramaswamy Calls Current Crypto Regulation ‘Anti-American at its Core’

September 5, 2024 Dan K

Vivek Ramaswamy criticizes the current approach to crypto regulation as “anti-American at its core,” calling for clearer rules and less enforcement ambiguity.

An image depicting the logos of the SEC and FTX with a background of cryptocurrency icons.

SEC Warns it May Challenge FTX’s Stablecoin-Denominated Repayments Plan

September 2, 2024 Dan K

The SEC may challenge FTX’s plan to repay creditors with stablecoins, raising potential legal hurdles for the cryptocurrency exchange’s bankruptcy proceedings.