In a filing, the U.S. Securities and Exchange Commission (SEC) rebuffed Coinbase’s arguments over the regulator’s jurisdiction to bring a lawsuit against the exchange, and argued Coinbase was aware of potential legal violations years before they came into the regulatory crosshairs.
Leading stablecoin issuer Tether, in response to an exploit of the cross-chain router protocol Multichain, has frozen $2.5 million worth of its stablecoin USDT. The move comes after an apparent attack that left Multichain's Fantom bridge compromised and out of nearly $130 million.
Cryptocurrency firm Gemini has filed a lawsuit against Digital Currency Group (DCG) accusing it and its founder, Barry Silbert, of perpetrating "fraud" through Genesis, a DCG subsidiary. The move aims to recoup Gemini's funds tied to its Earn program, which were under the custody of Genesis.
Top stories in the Crypto Roundup today:
- SEC Fires Back at Coinbase, Says It Knew of Legal Risks for Years
- Tether Freezes $2.5M in USDT After Multichain Bridge Hack
- Gemini Sues DCG and Barry Silbert Alleging Fraud
- Ethereum Staking Hits New Record With 26.1 Million ETH Locked