SEC actions have made developers fearful that their code may end in prosecution. Are smart contracts with immutable code the way to protect themselves?
Lazarus group first surfaced in 2009, and since then, it has primarily targeted crypto firms, stealing billions of dollars worth of assets.
The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
Amendments are slowing down the SEC in both cases, although observers say the agency is not really engaged with them.
The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.
The commission will have until June 11 to decide on the Cboe BZX Exchange listing and trading shares of the Franklin Ethereum Trust.
USDT-issuer Tether says it will block payments made to OFAC-sanctioned entities after sources claim Venezuela’s state-run oil company is using USDT to facilitate oil exports.
The Blockchain Association and a Texas-based crypto activist group are suing the SEC over its controversial “Dealer Rule” expansion, arguing it threatens the digital asset industry and innovation.
Investors say they lost thousands of dollars from the 2021 hack and never received a portion of the funds they were promised as compensation.