Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating stories that fly under the radar of today’s crypto news.
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legal news
- South Korean Prosecutors Identify $314.2 Million In Illicit Assets Terraform Labs Co-founder Do Kwon and his associates, of which $69 million is directly linked to Kwon. However, he converted most of the illegal money into Bitcoin Foreign crypto exchanges, using KBS informed ofTherefore the assets attached to it are not realizable or under South Korean jurisdiction.
- Leading US Online Trading Platform Robin Hood “Main Street will pay up to $10.2 million in penalties for operational and technical failures that harmed investors,” USA, California Department of Financial Protection and Innovation (DFPI) announced, DFPI joined the multi-state agreement that followed a North American Securities Administrators Association (NASAA) investigation into the March 2020 platform outage.
- deadline for mount gox has been passed on to the creditors to provide their repayment information, opening the window for repayment, According Exchange Trustee’s letter dated 7th April. The trustee will make the necessary preparations to make the repayment, coordinating with a number of financial institutions, including crypto exchanges, which will receive and distribute payments to creditors. “In light of this, it is expected to take some time before repayment starts,” it said.
politics news
- a candidate for ThailandPrime Minister Shretha Thavisin promised 10,000 Thai baht ($300) in digital currency to every citizen if her party forms a government after general elections in May. According For the Bangkok Post, the real estate mogul promised a basic-income-style economic stimulus package via a “digital currency” should the Pheu Thai party win the election.
DeFi News
- ZkSyncA ZK-Rollup Layer 2 scaling solution developed by Matter Labs, Said It found “an elegant solution” to unlock the frozen contract, referring to ETH Trapped in a smart contract used by a team called 921 Gemaholic On your Era Network, after reaching out to this support team. “The gas metering of the protocol will require minimal changes but will allow full recovery of funds,” ZkSync said, adding that the funds are safe.
security news
- crypto security firm Sertic found that malicious actors extorted $320,332,058 web3 Protocol in the first quarter of this year. Per Its FY23 Q1 Hack3d reports, this represents more than a third of the $950 million lost in Q4 last year, and a quarter of the $1.3 billion lost in Q1 2022. $197m-heavy euler finance The exploit alone represents over 60% of the value stolen in the first quarter of 2023.
- New one reports By United States Treasury Department “explores how illegal actors are abusing what is commonly referred to as decentralized finance (DeFi) services as well as vulnerabilities unique to DeFi services. It found that bad actors – including ransomware cyber criminals, thieves, scammers and North Korea Hackers – are using DeFi services, exploiting vulnerabilities, in the process of transferring and laundering illegal proceeds We and foreign AML/CFT regulatory, supervisory, and enforcement regimes, as well as the technology underpinning DeFi services. “In particular, this assessment shows that the most significant existing illicit finance risk in this domain is from DeFi services that are not compliant with existing AML/CFT obligations,” it said.
mining news
- crypto-mining firm foundryowned by a troubled group digital currency groupis going to start charging users for their bitcoin digging Services. Per Bloomberg, Foundry USA will begin charging a pool fee to members between April 19 and April 22, saying it will implement tiered fees, according to a notice circulated to customers on April 6. Pricing for each quarter will be based on tier. Average hash rate over the past quarter, it said.
