Two AAX executives detained in Hong Kong
On December 23, Hong Kong police detained the founder of AAX crypto exchange, Thor Chan, and the former CEO, Liang Haoming. According to local media sources, the Hong Kong police detained two executives of the cryptocurrency exchange AAX on charges of fraud and misrepresenting the police. On December 23, police detained former AAX CEO Thor […]
US electoral agency approves NFTs campaign fundraising
The US Federal Election Commission (FEC) has released an advisory opinion indicating that DataVault Holdings may use NFTs for fundraising purposes. The FEC stated in a December 15 notification that it was “permissible” for DataVault holdings to deliver nonfungible tokens, or NFTs, to political campaign contributors without breaching corporate contribution laws. According to the electoral […]
SEC and Ripple file motions to seal specific documents
The SEC and Ripple Labs Inc. have filed motions to seal non-public documents in connection with the motions for summary judgment. According to the court calendar, both the SEC and the defendants have submitted motions asking the court to seal certain documents in connection with the motions for summary judgment. The Defendants sought to keep […]
SEC considers FTT to be a security
FTT, the native token of the now-defunct cryptocurrency exchange FTX, has been categorized as a security by the U.S. SEC in a recent complaint. The SEC said in a complaint filed late Wednesday that FTX’s exchange token FTT was promoted as an investment contract and thus is a “security.” According to the regulatory watchdog, FTT […]
Sam Bankman-Fried released after signing $250 million bond
Former FTX CEO, Sam Bankman-Fried, will be held at home while awaiting trial in the US on allegations of defrauding clients and investors of the bankrupt cryptocurrency exchange. A US judge ruled that the Former FTX CEO, Sam Bankman-Fried , could be released to his parents after signing a $250 million bond. Bankman-Fried did neither […]