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Deep Dive
It Isn’t Just the SEC — Feds’ Dragnet Targets Crypto Banking, Too
Spate of Enforcement Actions Poised to Reshape Industry
The Securities and Exchange Commission. The Office of the Comptroller of the Currency. The Federal Deposit Insurance Corporation. The National Council of Economic Advisors. The U.S. Justice Department.
This year, an alphabet soup of U.S. agencies have scrutinized the crypto industry like never before. They are wielding indictments, lawsuits, investigations, and penalties to rein in the largely unregulated market. No surprise, crypto folk are none too pleased with the development.
Read the full story in The Defiant
Crypto Crackdown
SEC Defines ‘Interrelated’ Terra Tokens as Securities
Feds Charge Do Kwon and Terra With Fraud in Case With Deep Implications For Crypto
By Owen Fernau
In a case that appears to broadly define cryptocurrencies as securities, the U.S. Securities and Exchange Commission on Thursday charged Do Kwon and Terraform Labs, the crypto firm he co-founded, with orchestrating a multi-billion fraud.
Read the full story in The Defiant
Crypto Heists
Hackers Use ‘Emergency Withdraw’ Flaw to Raid Platypus
ZachXBT Identifies Hacker After Attack Erases Half the Value in USP Stablecoin
By Samuel Haig
Platypus Finance, the team behind the USP stablecoin, suffered an $8.5M exploit on Thursday, sending the price of USP and its native PTP token into a sharp decline.
Read the full story in The Defiant
Ethereum Scaling
zkSync Counters Polygon With ‘Mainnet’ Rollup
Layer 2s Escalate Battle to Rule Ethereum Scaling Solutions
By Owen Fernau
That didn’t take long. A day after Polygon released a zero-knowledge-based scaling solution for Ethereum, zkSync opened up registrations for developers to deploy applications to its blockchain-based platform, known as a “mainnet.”
Read the full story in The Defiant
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European Dreamin’: How the EU is Regulating Crypto
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DeFi, Fantom, Regulations, and the challenges of being a niche micro celebrity with Andre Cronje
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- Source: https://thedefiant.io/feds-dragnet-targets-more-than-tokens/
