Cryptocurrency
Interpol Reportedly Issued “Red Notice” for Terra’s Do Kwon
  • Bloomberg cited a text message from South Korean prosecutors, who claimed Interpol has requested law enforcement agencies worldwide “locate and provisionally arrest” Do Kwon.
  • The co-founder of Terraform Labs had previously claimed he was not “on the run”, but his location remains unknown after authorities confirmed he was not in Singapore.
September 26, 2022, 1:54 PM
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Alameda Research to Repay $200M Loan to Voyager Digital
  • Alameda was given until 30 September to repay its debt to Voyager, which includes 6,553 BTC, 51,204 ETH, and smaller amounts in seven other tokens.
  • Once the transaction is completed, Alameda will receive $160 million worth of tokens it used for the collateral, comprised of 4,650,000 FTT and 63,750,000 SRM tokens.
September 20, 2022, 8:59 AM
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White House Publishes Framework for Digital Assets Development
  • The White House published a fact sheet which summarized the reports from 9 federal agencies used to develop its framework and policies for digital assets.
  • The reports not only called for more regulatory guidance for crypto companies, but also emphasized the importance of a potential U.S. Central Bank Digital Currency.
September 16, 2022, 5:38 PM
President-elect Joe Biden

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Arrest Warrant for Terra’s Do Kwon Issued by Seoul Court
  • South Korean authorities have issued an arrest warrant for Terra co-founder Do Kwon and five other individuals, alleging they had violated the Capital Markets Act.
  • The news quickly affected Terra’s re-launched LUNA token, which saw its price fall down by 28% in the past 24 hours.
September 14, 2022, 7:03 PM
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Sep 13, 2022
BitGo Files $100M Lawsuit Against Galaxy Digital
  • The crypto custodian is seeking more than $100 million in damages from Galaxy Digital for the “intentional breach” of its $1.2 billion acquisition deal.
  • BitGo noted the complaint was filed under seal as to give Galaxy Digital the opportunity to redact “some of the allegations before the complaint becomes public”.

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Sep 6, 2022
U.K. Regulators Find Faults in Revolut Audit
  • The U.K. accountancy and audit regulator noted that Revolut’s audit was “inadequate”, and had “high risk of an undetected material misstatement”.
  • The Financial Reporting Council has also concluded that the payment app needs to improve its back office and controls, as it needs the “control environment of a bank”.
Aug 29, 2022
Singapore Considers Further Retail Crypto Market Regulations
  • The managing director of MAS said the regulator wanted to promote digital asset innovation in the region, while at the same time restrict crypto speculation.
  • The MAS is now considering new crypto regulations to address the ongoing liquidity crisis, and some measures may include customer suitability tests, leverage restrictions, and more.
Aug 25, 2022
Hong Kong Primed to Become Most Crypto-Ready Country
  • The introduction of crypto-friendly regulation, increase in crypto ATM installations, and the general startup culture of the city, have primed Hong Kong to become the next crypto hub.
  • Earlier this year, Forex Suggest released a study which placed Hong Kong on the top of the list of countries ready for widespread crypto adoption.
Aug 16, 2022
Crypto Lender Hodlnaut Applies for Judicial Management in Singapore
  • The judicial management law allows the Singaporean court to appoint a judicial manager, who takes over the role of a director temporarily, to help struggling companies.
  • If approved, the application will give Hodlnaut temporary protection from legal claims, allowing it to focus on a recovery plan that does not involve liquidating customer assets at a loss.
Aug 15, 2022
Galaxy Digital Cancels $1.2B BitGo Acquisition Plans
  • Mike Novogratz’s crypto investment company said it was terminating the acquisition deal as BitGo failed to provide audited financial statements for 2021.
  • Galaxy Digital is still looking to go public through a NASDAQ listing, and is currently awaiting approval from the SEC to reorganize as a Delaware-based company.
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