法律行动

💸WazirX CEO questions the transfer of $75 million in crypto assets, does the community buy it? 🚨

WazirX's CEO Nischal Shetty recently found himself in the midst of community criticism, as he needs to explain why their company transferred $75 million worth of crypto assets to two major exchanges, Bybit and KuCoin, without user knowledge. This incident has caused quite a stir in the Indian cryptocurrency community.

🔎 The event occurred after WazirX suffered a hacking incident and disclosed 240,000 wallet addresses. A Singapore court has ordered the platform to suspend related operations and undergo a four-month rectification period to ensure the issue is properly addressed.

The trigger for this incident was when CoinSwitch's CEO Ashish Singhal exposed on social media that his team discovered WazirX transferred a large amount of cryptocurrency following the hacking attack. He mentioned that they are particularly concerned about this matter as they hold Indian Rupees and virtual digital assets (VDA) in WazirX. He also stated that after WazirX halted trading, CoinSwitch had to use its own funds to compensate clients, and now they are taking legal action to recover the money lost to hackers.

However, Shetty quickly responded on social media, stating that these accusations are “false statements” and denied any “secret” fund transfers. He explained that WazirX parted ways with Liminal after the attack in July, and transferring assets to exchanges was part of finding a new custodian, which is a legal process.

He also indicated that due to the complexity of custody, not all custodial providers support certain tokens, so some crypto assets were temporarily transferred to Bybit and KuCoin, while WazirX is seeking better custody solutions.

Notably, despite WazirX offering a $23 million bounty and seeking assistance from forensic experts and law enforcement, they have yet to recover any of the funds stolen during the July attack. It appears that this money may be irretrievable, as hackers reportedly linked to North Korea have laundered almost all of the ill-gotten gains.

🤔 What do you think? Do you find WazirX's explanation reasonable, or do you sense something fishy? Let's discuss this drama in the cryptocurrency community together!

#WazirX #资金转移 #加密货币 #法律行动 #资产被盗

📢 Richard Heart tries to dismiss SEC fraud lawsuit, $1 billion battle enters a tense state!

🚨 The U.S. Securities and Exchange Commission (SEC) recently clashed with Richard Heart in court! Heart tried to dismiss the SEC's charges of $1 billion fraud against him, but the SEC didn't agree.

📚 The SEC said in a court filing on August 22 that the digital assets promoted by Heart, such as HEX, PulseChain and PulseX, were directly targeted at U.S. investors, so his actions were completely within the jurisdiction of the United States.

💼 The SEC accused Heart of raising more than $1 billion from global investors by selling unregistered securities, and then took millions of dollars to buy luxury cars and a black diamond that he claimed was the largest in the world.

🇺🇸 Heart's lawyers argued that his activities were mainly outside the United States and were not subject to U.S. securities laws. They also said that the SEC's complaint did not provide evidence that Hart's actions in the United States had a significant impact on American investors.

🏛 But the SEC countered that Hart had made great efforts to attract American investors. He not only participated in activities in the United States, but also actively interacted with American investors online and on social media.

🚫 The SEC emphasized that Hart's actions violated key provisions of the Securities Act and the Securities Exchange Act, including the unregistered issuance and sale of securities and violations of anti-fraud provisions

👉 Now, the SEC is firmly taking legal action against Hart to hold him accountable for fraud in the digital asset field.

👤Viewpoint:

This case highlights the criticality of jurisdiction in cross-border financial regulation and the urgent need for the legal system to be updated to adapt to the challenges of emerging markets. On the one hand, the SEC's actions may increase market vigilance and have a positive impact on the long-term health of the digital asset market.

On the other hand, while promoting financial regulation, it should also ensure that innovation is not overly suppressed. At the same time, this incident is also a warning to all market participants about the necessity of conducting thorough due diligence before making investment decisions.

👇 What do you think of the battle between the SEC and Hart? Do you think the SEC can win this case? See you in the comments section!

#SEC #理查德哈特 #10亿美元欺诈案 #数字资产 #法律行动