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3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery

3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter DeliveryAccording to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators […]

Crypto Ponzi Leader Receives 121-Month Prison Sentence

Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers

Russia to Ban Banks From Using Messengers Like Telegram to Contact CustomersFinancial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohibits banks from using chats to send personal data and payment documents. Bill Restricts Russian Banks and Brokers From Sending Sensitive Information Through Foreign […]

Crypto Ponzi Leader Receives 121-Month Prison Sentence

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator ClarifiesCryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply to Bitcoin and Other Decentralized Cryptocurrencies […]

Crypto Ponzi Leader Receives 121-Month Prison Sentence

Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL

Crema Finance Hacker Negotiates With Defi Project’s Team, Returns  Million in ETH and SOLFollowing the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker Returns $8 Million in Crypto to Crema […]

Crypto Ponzi Leader Receives 121-Month Prison Sentence