Daily Archives: April 5, 2023, 8:12 pm

US SEC nears deal with ex-Coinbase employee accused of insider trading -filing | Reuters

The U.S. Securities and Exchange Commission is nearing a settlement with a former Coinbase Global Inc product manager in a landmark case of insider trading involving cryptocurrency, according to a court filing this week. The SEC has reached “an agreement in principle” with Ishan Wahi to resolve its claims against him, the agency said in a court document filed on…

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NYDFS Chief Dismisses ‘Choke Point 2.0’ Theory of Signature’s Closure as ‘Ludicrous’

Speaking to the audience at blockchain analytics firm Chainalysis’ Links conference in New York on Wednesday, Harris said the decision by her office to step in and shut down Signature was totally unrelated to crypto. “The idea that taking possession of Signature was about crypto, or that this is Choke Point 2.0 is really ludicrous,” Harris said. “I mean, I…

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SEC Recovers Over $800 Million After Decade-Long Ponzi Case

A court-appointed receiver has finished recovering and redistributing assets to investors defrauded by Rex Venture Group LLC between January 2011 and August 2012. Judge Graham C. Mullen of the US District Court for the Western District of North Carolina entered final judgment against RVG on Monday. The judgment accounts for over $817 million, representing about $548.5 million in investors’ losses…

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Binance Compliance Chief Calls His Job One of the ‘Most Challenging’ – WSJ

Mr. Perlman, speaking at a crypto industry conference on Tuesday, said it has been difficult to navigate the often opaque rules governing the crypto industry without being on the wrong side of the regulators. One reason, said Mr. Perlman, who joined Binance in January after a monthslong search by the exchange, is the “regulation by enforcement” approach taken in the…

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Former Start-Up Founder Charged by Prosecutors for Defrauding JPMorgan Chase – The New York Times

Charlie Javice, the 31-year-old start-up founder who JPMorgan Chase accused in a December lawsuit of lying to the bank as it prepared to acquire her company, is now facing criminal charges as well. On Tuesday, the U.S. attorney’s office for the Southern District of New York charged her with wire, bank and securities fraud. It said that she “falsely and…

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Dismissal Granted in Peloton COVID-Related Securities Suit | The D&O Diary

Since the initial outbreak of COVID-19 in the U.S. in March 2020, there have been scores of COVID-related securities suit filed. However, as the pandemic itself progressed, the nature of the lawsuits being filed also changed. Over time, the plaintiffs’ lawyers began targeting companies that had initially prospered at the outset of the pandemic, but whose fortunes flagged as circumstances…

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‘Shark Tank’ Star Kevin O’Leary Calls Litigating Your Crypto Regulator ‘Really Stupid’

Venture capitalist and “Shark Tank” star Kevin O’Leary said that crypto exchanges shouldn’t be taking legal action against regulators. “Litigating your regulator, in my opinion, is a really stupid idea,” he told CoinDesk TV’s “First Mover” on Tuesday in reference to Coinbase (COIN), the largest U.S. crypto exchange by trading volume. Coinbase may face regulatory action from the Securities and…

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