In November 2024, the cryptocurrency industry accelerated its self-regulatory efforts in response to intensifying global regulatory pressures. Following the EU’s Markets in Crypto-Assets (MiCA) regulation and the Financial Stability Board’s global framework, crypto firms began …
Cryptocurrency Industry ConsortiumFinancial Stability BoardEuropean Securities and Markets AuthoritySecurities and Exchange Commission (SEC)CFTCcryptoregulatory-capturefinancial-technologyself-regulationcompliance
Binance Holdings Limited, the world’s largest cryptocurrency exchange, pleaded guilty to conspiracy to violate the Bank Secrecy Act, failure to register as a money transmitting business, and violating the International Emergency Economic Powers Act in the largest corporate criminal penalty in …
Changpeng ZhaoBinanceDepartment of JusticeMerrick GarlandLisa Monaco+5 morecryptoregulatory-capturemoney-launderingfraudsanctions-violations+4 more
Sam Bankman-Fried is arrested in the Bahamas at the request of U.S. prosecutors and charged with eight criminal counts including wire fraud, securities fraud, commodities fraud, money laundering, and campaign finance law violations. The indictment alleges Bankman-Fried orchestrated a scheme to …
Sam Bankman-FriedFTXU.S. Department of JusticeSecurities and Exchange Commission (SEC)CFTC+1 morecorruptionfraudregulatory-capturetechcryptocurrency+3 more
FTX cryptocurrency exchange, Alameda Research, and over 100 affiliated entities file for bankruptcy following the exposure of systematic fraud by founder Sam Bankman-Fried. The collapse was triggered on November 2 when CoinDesk revealed that Alameda Research—FTX’s affiliated trading firm owned …
Sam Bankman-FriedFTXAlameda ResearchChangpeng ZhaoBinance+2 morecorruptionfraudregulatory-capturetechcryptocurrency+3 more
Terraform Labs, led by Do Kwon, temporarily halted the Terra blockchain on May 13, 2022, after a catastrophic four-day collapse that wiped out nearly $45 billion in market capitalization and devastated hundreds of thousands of retail investors globally. LUNA, which traded at $119 in April and $87 on …
Do KwonTerraform LabsSecurities and Exchange Commission (SEC)CFTCPaul Engelmayer+2 morecryptoregulatory-capturefraudstablecoinsystemic-risk+4 more
TerraUSD (UST), the fourth-largest stablecoin with $18 billion market capitalization, began losing its dollar peg on May 7-9, 2022, triggering a catastrophic “death spiral” that would destroy $40 billion in value within days and crash the broader crypto market. The algorithmic …
Do KwonTerraform LabsSecurities and Exchange Commission (SEC)CFTCJanet Yellen+3 morecryptoregulatory-capturefraudstablecoinsystemic-risk+3 more
The Commodity Futures Trading Commission ordered Tether Holdings Limited to pay a $41 million civil penalty for making untrue and misleading statements about the reserves backing its USDT stablecoin, the world’s largest stablecoin with over $69 billion in circulation. The CFTC found that from …
Tether Holdings LimitedCFTCDawn StumpBitfinexSecurities and Exchange Commission (SEC)cryptoregulatory-capturefraudstablecoinsystemic-risk+3 more