The U.S. Securities and Exchange Commission (SEC) has charged Singapore-based firm Terraform Labs and its CEO, Do Kwon, with “orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.”
A federal judge has warned former FTX CEO, Sam Bankman-Fried, that he could “conceivably” have his bail revoked if there was “probable cause” to believe he was engaging in attempted witness tampering.
In the Mt Gox crypto exchange's ongoing bankruptcy proceedings, the biggest creditor has chosen to receive an early payout in Bitcoin instead of fiat currency, alleviating certain worries regarding the token's price prospects.
Top stories in the Crypto Roundup today:
- SEC Sues Terraform Labs Over TerraUSD
- FTX’s Sam Bankman-Fred Could Have Freedom Revoked, Judge Warns
- Top Mt Gox Creditor Opts for Bitcoin Payout
- Crypto Market Movers – RNDR, MINA, KEEP