**News Flash: Crypto and Finance Updates**

- **ASIC vs. Binance Australia**: The Australian Securities and Investments Commission (ASIC) has taken legal action against Binance Australia Derivatives. ASIC alleges the platform misclassified over 500 retail clients as wholesale investors, stripping them of crucial consumer protections under Australian law.

- **Interpol Targets Hex Founder**: Interpol has issued a Red Notice for Richard Schueler, founder of Hex, for alleged tax fraud and assault. Schueler is now on Europe’s most-wanted fugitives list.

- **Tornado Cash Legal Battle**: Roman Storm, co-founder of Tornado Cash, seeks to dismiss charges after a court ruled that OFAC overstepped by sanctioning the platform’s smart contracts.

- **South Korean Lawmaker in Hot Water**: Kim Nam-kuk, a South Korean lawmaker, may face six months in jail for allegedly underreporting his cryptocurrency holdings, obstructing an ethics review.