US Investigates Jack Dorsey’s Block, Inc. Financial Transactions
U.S. prosecutors investigate Block, Inc. after whistleblower claims it processed transactions from sanctioned countries and terrorist groups. According to reports, federal prosecutors in the United States are investigating Block, Inc., a fintech company owned by Jack Dorsey. This investigation comes after documents allegedly exposing persistent and extensive compliance violations at the firm’s payment subsidiaries, Square […]
Aave Labs Unveils V4 Protocol Overhaul
Aave Labs presented a proposal for the forthcoming iteration of its protocol, which encompassed enhancements to GHO, its stablecoin. As part of a five-year road map, Aave Labs, the company responsible for the decentralized finance (DeFi) lending protocol Aave, has outlined a proposal to evolve and enhance its protocol. The DeFi lending platform unveiled a […]
Terraform Labs Refuses to Pay $5.3 Billion SEC Fine
Terraform Labs’s attorneys asserted that the SEC lacks evidence that the organization has a “foreseeable substantial effect” in the US. A New York jury in March 2024 indicted Terraform Labs and its co-founder Do Kwon on fraud charges, with U.S. regulators demanding a $5.3 billion penalty. However, these allegations have been refuted by Terraform’s attorneys, who assert […]