SEC targets Coinbase, Do Kwon arrested and FTX sells $95M in Mysten Labs: Hodler’s Digest, March 19-25 By Cointelegraph

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SEC targets Coinbase, Do Kwon arrested and FTX sells $95M in Mysten Labs: Hodler’s Digest, March 19-25

Published Mar 25, 2023 05:38PM ET Updated Mar 25, 2023 06:00PM ET

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SEC targets Coinbase, Do Kwon arrested and FTX sells $95M in Mysten Labs: Hodler’s Digest, March 19-25

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Coinbase (NASDAQ:COIN) could face SEC enforcement action for ‘potential violations of securities law’

Crypto exchange Coinbase received a Wells notice from the United States Securities and Exchange Commission (SEC) suggesting an upcoming enforcement action. According to Coinbase, the legal threat could potentially target its staking program, listed digital assets, wallet or Coinbase Prime services. The exchanges chief legal officer, Paul Grewal, said the warning comes after Coinbase provided multiple proposals to the SEC about registration over the course of months, all of which the SEC ultimately refused to respond to. Coinbase CEO Brian Armstrong renewed calls for crypto users to elect pro-crypto candidates after the development.

FTX debtors agree to $95M sale of stake in Mysten Labs

As bankruptcy proceedings for FTX move forward, debtors of the defunct crypto exchange have approved an agreement seeking to sell $95 million worth of its preferred stock in Mysten Labs, the company behind the Sui blockchain. Court approval is still pending, as is the potential for other bids on the stocks. In a related headline, FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital firm Modulo Capital, which received a sizeable investment from Alameda Research last year. The investment was reportedly directed by Sam Bankman-Fried, who faces multiple counts in federal court related to alleged fraud during his time as CEO.

Do Kwon faces fraud charges from US prosecutors hours after arrest

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Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

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US Senator Ted Cruz tries again with new bill to block CBDC

Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics

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Continue Reading on Coin Telegraph

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SEC targets Coinbase, Do Kwon arrested and FTX sells $95M in Mysten Labs: Hodler’s Digest, March 19-25

Coinbase (NASDAQ:COIN) could face SEC enforcement action for ‘potential violations of securities law’

FTX debtors agree to $95M sale of stake in Mysten Labs

Do Kwon faces fraud charges from US prosecutors hours after arrest

Mastercard (NYSE:MA) to settle transactions for stablecoin wallet in APAC

Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

US Senator Ted Cruz tries again with new bill to block CBDC

Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics

European banks head into another weekend of uncertainty as default risks surge

Best and worst countries for crypto taxes plus crypto tax tips

Creating organic generative art from robotic algorithms: Emily Xie, NFT Creator

US enforcement agencies are turning up the heat on crypto-related crime

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