According to Businesstimes, a class action lawsuit filed against Terraform Labs and its co-founder Do Kwon is ongoing, and the High Court has rejected the defendants' appeal. The lawsuit was filed in September 2022 by Spanish citizen Julian Moreno Beltran and Singaporean citizen Douglas Gan on behalf of 375 others, claiming a total loss of $57 million due to UST.

Gene Borrello, a former gangster turned federal informant, was placed in a section of the prison with former gang members, informants and high-level inmates, including Sam Bankman-Fried (SBF). Borrello recently sat down for an interview with Tiffany Fong, where he discussed his time in prison with SBF. According to Borrello, SBF was on suicide watch and was extorted by other inmates. He also claimed that SBF did not eat or shower for days. To protect SBF from further extortion attempts, prison officials separated him from current gang members.
However, Borrello managed to stop an extortion attempt. Borrello described SBF as timid and spoke of his unrealistic expectations regarding his sentencing. Borrello believed SBF would likely receive a life sentence due to the judge's strictness and the high-profile nature of the case. SBF's sentencing is scheduled for March 28 and his lawyers plan to appeal NOCEBOURSE

Gene Borrello, a former gangster turned federal informant, was placed in a section of the prison with former gang members, informants and high-level inmates, including Sam Bankman-Fried (SBF). Borrello recently sat down for an interview with Tiffany Fong, where he discussed his time in prison with SBF. According to Borrello, SBF was on suicide watch and was extorted by other inmates. He also claimed that SBF did not eat or shower for days. To protect SBF from further extortion attempts, prison officials separated him from current gang members.
However, Borrello managed to stop an extortion attempt. Borrello described SBF as timid and spoke of his unrealistic expectations regarding his sentencing. Borrello believed SBF would likely receive a life sentence due to the judge's strictness and the high-profile nature of the case. SBF's sentencing is scheduled for March 28 and his lawyers plan to appeal NOCEBOURSE

Hong Kong said it will conduct consultations on guidelines for banks to provide virtual asset custody services and plans to expand the scope of monitoring virtual asset transactions.

SBF risks a 115-year prison sentence

#SafeMoon Executives Arrested After DOJ, SEC Charge Them With Embezzling Millions Of Dollars, Buying Luxury Cars And Real Estate

Two founders of #Safemoon , a cryptocurrency, have been arrested for conspiracy to commit wire fraud and money laundering.

Turkey to propose new crypto asset legislation in line with FATF standards

Gensler brings up Satoshi in a Halloween post on Bitcoin's anniversary and warns crypto companies to stop "misleading" investors and "treat" them with compliance.

US Crypto Exchange Bittrex Shutdown Approved by Bankruptcy Court - the Block

The Celestia mainnet is expected to launch tomorrow, including airdrop of #TIA and listings on exchanges. Tokens #TIA will be listed tomorrow at 2:00 p.m. UTC on #Binance.

Lawyers for Do Kwon and Terraform Labs urge judge to dismiss #SEC. allegations

Bank of Japan plans to discuss yield curve control (YCC) adjustment on Tuesday: Nikkei.

#Nomic activates nBTC upgrade to introduce tokenized Bitcoin to the Cosmos ecosystem - The Block

#HashKey Group today announced its fully green Web3 industrial chain structure.

US Treasury Secretary Yellen to make major economic speech on Indo-Pacific on Thursday - CNN.

Zodia Custody launches services in Hong Kong in response to growing demand for crypto from institutions.

Thai banking giant#KBankacquired exchange#Satangto expand its cryptocurrency business - the Block
$BTC

According to#coindeskSouth Koreans prefer altcoins and local tokens. Major cryptocurrencies like $BTC and $ETH have low volumes in the country where traders are attracted by the high profit potential associated with altcoins and accept the high risks.

Ripple CEO Brad Garlinghouse is challenging former#SECChairman Jay Clayton's stance on crypto regulation, arguing for a clear and fair approach amid ongoing legal battles.