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🚨BITGÉT TAKES #LEGAL ACTION AFTER $20M $VOXEL FUTURES #MANIPULATION
🔹Bitgét is suing 8 accounts over VOXEL token manipulation that caused a 200% price spike in just 30 minutes (April 20).
🔹Blame: A flaw in a market-making bot allowed rapid trades, enabling manipulation.
Actions:
🔹Frozen 8 accounts were reinstated.
🔹Affected users will receive compensation if funds are recovered.
🔹Broader Concern: Raises trust issues with crypto exchanges and highlights risks of automated trading systems.
Full incident report expected soon.....
🔹Bitgét is suing 8 accounts over VOXEL token manipulation that caused a 200% price spike in just 30 minutes (April 20).
🔹Blame: A flaw in a market-making bot allowed rapid trades, enabling manipulation.
Actions:
🔹Frozen 8 accounts were reinstated.
🔹Affected users will receive compensation if funds are recovered.
🔹Broader Concern: Raises trust issues with crypto exchanges and highlights risks of automated trading systems.
Full incident report expected soon.....
🚨BITGËT PURSUES $20M $VOXEL MARKET #MANIPULATORS
🔹Crypto exchange Bitgét will legally pursue 8 accounts suspected of manipulating VOXEL token trading, #profiting $20 million.
🔹The platform detected abnormal trading on April 20, when VOXEL (from Polygon-based Voxie Tactics) surged 500%.
🔹 Bitgét will airdrop recovered funds back to affected users.
🔹Formal legal action expected after sending lawyer's letters to involved accounts.
🔹Incident joins a wave of recent crypto exploits, including Loopscale's $5.8M hack and Infini's $49M loss.
🔹 Bitgét plans to release a full incident report soon.
-The Block
🔹Crypto exchange Bitgét will legally pursue 8 accounts suspected of manipulating VOXEL token trading, #profiting $20 million.
🔹The platform detected abnormal trading on April 20, when VOXEL (from Polygon-based Voxie Tactics) surged 500%.
🔹 Bitgét will airdrop recovered funds back to affected users.
🔹Formal legal action expected after sending lawyer's letters to involved accounts.
🔹Incident joins a wave of recent crypto exploits, including Loopscale's $5.8M hack and Infini's $49M loss.
🔹 Bitgét plans to release a full incident report soon.
-The Block
🌊 Ripple Showing Minor Movement! ⚡
XRP is currently trading around $0.50. Legal developments continue to be a major factor for XRP. Market sentiment can shift quickly. #Ripple #XRP #CryptoNews #Legal #PaymentServices
XRP is currently trading around $0.50. Legal developments continue to be a major factor for XRP. Market sentiment can shift quickly. #Ripple #XRP #CryptoNews #Legal #PaymentServices
🗣️Highlights of Jerome Powell's speech on #Cryptocurrencies: ⤵️
🟢 Central bank #Stablecoins are relatively good
🟢 Cryptocurrencies are gaining increasing popularity.A #legal #framework for stablecoins is a good idea.
🟢 There will be some relaxation of regulations to allow for innovation,but this must be done in ways that don't make banks less safe and secure.
🟢 I believe there will be relaxation of banking #regulations related to cryptocurrencies.
$BTC
🟢 Central bank #Stablecoins are relatively good
🟢 Cryptocurrencies are gaining increasing popularity.A #legal #framework for stablecoins is a good idea.
🟢 There will be some relaxation of regulations to allow for innovation,but this must be done in ways that don't make banks less safe and secure.
🟢 I believe there will be relaxation of banking #regulations related to cryptocurrencies.
$BTC
#FTXrepayment As of March 2025, FTX has made significant progress in its bankruptcy proceedings, focusing on repaying its customers and creditors.
**Bankruptcy Plan Approval**
In October 2024, a U.S. bankruptcy judge approved FTX's reorganization plan, allowing the company to refund billions of dollars to its former customers. This plan aims to return more than 100% of customer claims, an uncommon outcome in bankruptcy cases where unsecured creditors typically receive only a fraction of their claims. citeturn0news14
**Asset Recovery and Distribution**
FTX has recovered approximately $7.3 billion of the original $8 billion in missing funds. The reorganization plan involves liquidating assets from FTX Ventures and Alameda Research to facilitate repayments. Government bodies have agreed to suspend high-value claims to prioritize creditor repayment. However, some creditors have expressed dissatisfaction with the valuation method of their claims and potential tax implications. citeturn0news14
#Repayment Methodology
FTX's repayment strategy involves repaying customers in cash based on the cryptocurrency values at the time of its bankruptcy filing in November 2022. This approach has faced criticism, as it does not account for subsequent increases in cryptocurrency values, potentially limiting recoveries despite recent market rallies. citeturn0news13
#Legal #Developments
In October 2024, a group of FTX investors voluntarily dismissed their proposed class-action lawsuit against the law firm Sullivan & Cromwell, which served as FTX's lead bankruptcy counsel. This decision followed reports that found the firm was not complicit in FTX's multibillion-dollar fraud. citeturn0news15
While the approval of FTX's bankruptcy plan marks a significant step toward reimbursing its customers, logistical issues and potential appeals could delay repayments, which are expected to start later this year. citeturn0news14
navlistRecent Developments in #FTX's Bankruptcy Proceedingsturn0news14,turn0news15
**Bankruptcy Plan Approval**
In October 2024, a U.S. bankruptcy judge approved FTX's reorganization plan, allowing the company to refund billions of dollars to its former customers. This plan aims to return more than 100% of customer claims, an uncommon outcome in bankruptcy cases where unsecured creditors typically receive only a fraction of their claims. citeturn0news14
**Asset Recovery and Distribution**
FTX has recovered approximately $7.3 billion of the original $8 billion in missing funds. The reorganization plan involves liquidating assets from FTX Ventures and Alameda Research to facilitate repayments. Government bodies have agreed to suspend high-value claims to prioritize creditor repayment. However, some creditors have expressed dissatisfaction with the valuation method of their claims and potential tax implications. citeturn0news14
#Repayment Methodology
FTX's repayment strategy involves repaying customers in cash based on the cryptocurrency values at the time of its bankruptcy filing in November 2022. This approach has faced criticism, as it does not account for subsequent increases in cryptocurrency values, potentially limiting recoveries despite recent market rallies. citeturn0news13
#Legal #Developments
In October 2024, a group of FTX investors voluntarily dismissed their proposed class-action lawsuit against the law firm Sullivan & Cromwell, which served as FTX's lead bankruptcy counsel. This decision followed reports that found the firm was not complicit in FTX's multibillion-dollar fraud. citeturn0news15
While the approval of FTX's bankruptcy plan marks a significant step toward reimbursing its customers, logistical issues and potential appeals could delay repayments, which are expected to start later this year. citeturn0news14
navlistRecent Developments in #FTX's Bankruptcy Proceedingsturn0news14,turn0news15
Are cryptocurrency legal?
Cryptocurrency is legal in many countries, but its classification and regulations vary. While some nations treat it as property or securities, El Salvador even accepts it as legal tender. Other countries still have ambiguous or restrictive laws.
Learn more: source: Shiraverse
#cryptocurrency #crypto #legal
$BTC $SOL $XRP
Learn more: source: Shiraverse
#cryptocurrency #crypto #legal
$BTC $SOL $XRP
🚨 BINANCE WINS LAWSUIT AGAINST THE SEC🚨
A U.S. federal court has ruled that cryptocurrencies, including Binance’s BNB token, are not securities. This ruling marks a significant victory for Binance and the broader crypto community, potentially influencing other ongoing legal battles in the sector.
⚖️ Court Ruling Highlights ⚖️
Judge's Decision: Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that cryptocurrencies and secondary sales of BNB do not constitute securities offerings. This decision dismissed several claims made by the U.S. Securities and Exchange Commission (SEC).
Howey Test: The court found that the SEC failed to demonstrate that purchasers in secondary market sales acquired BNB with an expectation of profits, which is crucial for passing the Howey test. This test, established by the Supreme Court, determines whether a transaction qualifies as an investment contract.
Legal Precedent: The ruling emphasized that the SEC’s approach muddied the issues and ignored controlling Supreme Court precedent. The focus should be on whether the circumstances surrounding each transaction render it a securities transaction, not on the cryptocurrencies themselves.
🏆 A Major Win for Binance and Crypto 🏆
This ruling is a significant triumph for Binance.US and the broader crypto industry, which has faced increased scrutiny from the SEC. The regulator’s aggressive approach, especially after the collapse of FTX, aimed to prevent similar incidents but faced criticism for potentially stifling innovation.
Implications for Ripple: This decision could positively impact other legal battles, such as the ongoing SEC vs. Ripple lawsuit, by setting a precedent that cryptocurrencies themselves are not securities.
What do you think about this WIN?
I say : Congratulations ✨💛 well deserved Binance.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#binance #sec #lawsuit #binanceus #legal
$BNB $ETH $BTC
A U.S. federal court has ruled that cryptocurrencies, including Binance’s BNB token, are not securities. This ruling marks a significant victory for Binance and the broader crypto community, potentially influencing other ongoing legal battles in the sector.
⚖️ Court Ruling Highlights ⚖️
Judge's Decision: Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that cryptocurrencies and secondary sales of BNB do not constitute securities offerings. This decision dismissed several claims made by the U.S. Securities and Exchange Commission (SEC).
Howey Test: The court found that the SEC failed to demonstrate that purchasers in secondary market sales acquired BNB with an expectation of profits, which is crucial for passing the Howey test. This test, established by the Supreme Court, determines whether a transaction qualifies as an investment contract.
Legal Precedent: The ruling emphasized that the SEC’s approach muddied the issues and ignored controlling Supreme Court precedent. The focus should be on whether the circumstances surrounding each transaction render it a securities transaction, not on the cryptocurrencies themselves.
🏆 A Major Win for Binance and Crypto 🏆
This ruling is a significant triumph for Binance.US and the broader crypto industry, which has faced increased scrutiny from the SEC. The regulator’s aggressive approach, especially after the collapse of FTX, aimed to prevent similar incidents but faced criticism for potentially stifling innovation.
Implications for Ripple: This decision could positively impact other legal battles, such as the ongoing SEC vs. Ripple lawsuit, by setting a precedent that cryptocurrencies themselves are not securities.
What do you think about this WIN?
I say : Congratulations ✨💛 well deserved Binance.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#binance #sec #lawsuit #binanceus #legal
$BNB $ETH $BTC
$JASMY #long #japan #legal #localCrypto #jasmy/Btc
====== Long way=====
Why go against the current of the river.
$jasmy
====== Long way=====
Why go against the current of the river.
$jasmy
Is Torrevieja Becoming Europe's First Crypto-Friendly City? 🏙️
#Torrevieja , a tourist hub in Spain's Alicante province, aims to lead Europe in cryptocurrency adoption.
Collaborating with local merchants, the city plans to digitize commerce using blockchain technology. Customers will soon pay with cryptocurrencies for goods and services.
The initiative also includes environmental conservation efforts and job creation in the tech sector. The move aligns with Spain's openness to the #crypto industry, evidenced by a significant increase in registered crypto companies.
However, cryptocurrencies aren't #legal tender in Spain, and new tax laws require residents to declare digital assets.
#Binance
#crypto2024
#Torrevieja , a tourist hub in Spain's Alicante province, aims to lead Europe in cryptocurrency adoption.
Collaborating with local merchants, the city plans to digitize commerce using blockchain technology. Customers will soon pay with cryptocurrencies for goods and services.
The initiative also includes environmental conservation efforts and job creation in the tech sector. The move aligns with Spain's openness to the #crypto industry, evidenced by a significant increase in registered crypto companies.
However, cryptocurrencies aren't #legal tender in Spain, and new tax laws require residents to declare digital assets.
#Binance
#crypto2024
Most probably #Trump is going to win this election after a failed assassination attempt over him a few hrs back. #BTC is going to become #legal in #USA and the custody of digital assets shall become legal.
Stay tuned and fasten your seatbelts, "A massive pump is ahead". 🚀🚀🚀
Also the "Trump memecoins" shall rise like fire 🔥🔥🔥
$BTC
$ETH
$BNB
Stay tuned and fasten your seatbelts, "A massive pump is ahead". 🚀🚀🚀
Also the "Trump memecoins" shall rise like fire 🔥🔥🔥
$BTC
$ETH
$BNB
🚨📣 These were the most important #CryptoNews of today:
1- .Blast has announced its tokenomics with a total supply of 100 billion tokens, 50% of which will be launched in an airdrop.
2- On June 24, the Bitcoin Spot ETF had a net outflow of $174 million
3- Conduit has announced a Series A funding round of $37 million.
4- #MemeCoins have been the most profitable sector in 2024 so far, with the highest average return rate reaching 2405.1%.
5- #VanEck has just filed Form 8-A for the #Ethereum Spot ETF.
6- The German government transferred a total of 400 BTC to Coinbase and Kraken (200 $BTC each).
7- A Nomura Securities survey shows that 54% of institutional investors in Japan plan to invest in cryptocurrencies within the next three years.
8- Usiacurí, a small town on Colombia's coast, becomes the first municipality in the country to adopt #crypto for #legal commercial transactions.
1- .Blast has announced its tokenomics with a total supply of 100 billion tokens, 50% of which will be launched in an airdrop.
2- On June 24, the Bitcoin Spot ETF had a net outflow of $174 million
3- Conduit has announced a Series A funding round of $37 million.
4- #MemeCoins have been the most profitable sector in 2024 so far, with the highest average return rate reaching 2405.1%.
5- #VanEck has just filed Form 8-A for the #Ethereum Spot ETF.
6- The German government transferred a total of 400 BTC to Coinbase and Kraken (200 $BTC each).
7- A Nomura Securities survey shows that 54% of institutional investors in Japan plan to invest in cryptocurrencies within the next three years.
8- Usiacurí, a small town on Colombia's coast, becomes the first municipality in the country to adopt #crypto for #legal commercial transactions.
The tale of Do Kwon.
The mastermind behind Terra, reads like a gripping drama. He faces the looming possibility of extradition to the United States, where eight charges, including commodities fraud and market manipulation, could reshape his life forever.
The LUNC community was dealt a severe blow when their cryptocurrency lost a staggering 99.99% of its value in 2022. People who once blindly trusted the project are now divided. Some demand justice and the return of Do Kwon, while the majority, wounded and distrustful, want nothing to do with him. "No more thieves in Terra LUNC" is the unified cry of a community that has endured enough.
This community, more than just investors, comprises individuals who believed in Terra's vision as the "cbdc" of the people. Do Kwon's betrayal has left deep scars, and now, hope is pinned on justice providing much-needed closure. The saga continues, but it's not merely about cryptocurrencies; it's a human story of shattered trust and the struggle for redemption in a tumultuous digital world. #DeFi #BinanceSquare #LUNC #dolar #legal
The mastermind behind Terra, reads like a gripping drama. He faces the looming possibility of extradition to the United States, where eight charges, including commodities fraud and market manipulation, could reshape his life forever.
The LUNC community was dealt a severe blow when their cryptocurrency lost a staggering 99.99% of its value in 2022. People who once blindly trusted the project are now divided. Some demand justice and the return of Do Kwon, while the majority, wounded and distrustful, want nothing to do with him. "No more thieves in Terra LUNC" is the unified cry of a community that has endured enough.
This community, more than just investors, comprises individuals who believed in Terra's vision as the "cbdc" of the people. Do Kwon's betrayal has left deep scars, and now, hope is pinned on justice providing much-needed closure. The saga continues, but it's not merely about cryptocurrencies; it's a human story of shattered trust and the struggle for redemption in a tumultuous digital world. #DeFi #BinanceSquare #LUNC #dolar #legal
Amidst the fluctuations, LUNC experiences a dip to 0.00019, introducing uncertainty within the community. However, despite these challenges, hope persists in reaching $0.08 by the decade's end, a shared objective motivating investors and enthusiasts alike.
The focus on managing speculators emerges as a critical theme. The community recognizes the need to address this challenge to ensure stability and long-term success. The understanding that mitigating speculation and fostering a long-term perspective are essential elements to achieve the $0.08 target reinforces the community's determination.
In response to this call to action, the community mobilizes, aware that the collective destiny is at stake. The shared responsibility to contribute to a more resilient environment becomes a driving force to unite, propose practical solutions, and maintain focus on the community's long-term goals. While the journey presents challenges, determination and collaboration are key to overcoming obstacles and steering LUNC towards a more prosperous horizon.#LUNC #USTC #CBDC #legal #USA
The focus on managing speculators emerges as a critical theme. The community recognizes the need to address this challenge to ensure stability and long-term success. The understanding that mitigating speculation and fostering a long-term perspective are essential elements to achieve the $0.08 target reinforces the community's determination.
In response to this call to action, the community mobilizes, aware that the collective destiny is at stake. The shared responsibility to contribute to a more resilient environment becomes a driving force to unite, propose practical solutions, and maintain focus on the community's long-term goals. While the journey presents challenges, determination and collaboration are key to overcoming obstacles and steering LUNC towards a more prosperous horizon.#LUNC #USTC #CBDC #legal #USA
Terra Luna Classic (LUNC): Navigating the Cryptographic Horizon
In the fascinating journey towards the financial future, Terra Luna Classic (LUNC) emerges as a prominent protagonist, weaving a tale of resilience and evolution. Projections for the end of this decade suggest that the value of LUNC could soar to an impressive $0.08, marking a significant milestone in the cryptographic cosmos.
This exciting horizon unfolds in a scenario where LUNC is not just a cryptocurrency but a financial superhero, forging its own intergalactic empire with tangible measures to strengthen security and stability. After overcoming challenges in 2022, the LUNC community showcases resilience, palpable commitment to recovery, and sustained growth.
Simultaneously, the introduction of Central Bank Digital Currencies (CBDCs) in 2025 signals a paradigm shift. Designed to provide resilience and security, CBDCs emerge as an influential player that could alter perceptions and attitudes towards cryptocurrencies. However, this scenario not only presents challenges but also opportunities.
In the tumultuous financial landscape of 2023, a possible price drop of LUNC to $0.0001500 is anticipated due to a massive sell-off by speculators. The response is clear: the community must approve measures to prevent uncontrolled speculation, with the key being to learn from the past to build a more robust future.
¿Agree?
Be continued…
#LUNC #legal #CBDC #AdopciónDigital #BitcoinTrading
In the fascinating journey towards the financial future, Terra Luna Classic (LUNC) emerges as a prominent protagonist, weaving a tale of resilience and evolution. Projections for the end of this decade suggest that the value of LUNC could soar to an impressive $0.08, marking a significant milestone in the cryptographic cosmos.
This exciting horizon unfolds in a scenario where LUNC is not just a cryptocurrency but a financial superhero, forging its own intergalactic empire with tangible measures to strengthen security and stability. After overcoming challenges in 2022, the LUNC community showcases resilience, palpable commitment to recovery, and sustained growth.
Simultaneously, the introduction of Central Bank Digital Currencies (CBDCs) in 2025 signals a paradigm shift. Designed to provide resilience and security, CBDCs emerge as an influential player that could alter perceptions and attitudes towards cryptocurrencies. However, this scenario not only presents challenges but also opportunities.
In the tumultuous financial landscape of 2023, a possible price drop of LUNC to $0.0001500 is anticipated due to a massive sell-off by speculators. The response is clear: the community must approve measures to prevent uncontrolled speculation, with the key being to learn from the past to build a more robust future.
¿Agree?
Be continued…
#LUNC #legal #CBDC #AdopciónDigital #BitcoinTrading
The SEC has revised its lawsuit against Justin Sun and Tron, emphasizing his frequent US trips amidst allegations of selling unregistered securities. Learn more about the ongoing legal battle.
https://btc-pulse.com/sec-reworks-justin-sun-tron-lawsuit-claims-founder/
#SEC #JustinSun $TRX #Tron #US #legal
https://btc-pulse.com/sec-reworks-justin-sun-tron-lawsuit-claims-founder/
#SEC #JustinSun $TRX #Tron #US #legal
Crypto is now fully legal in Pakistan—congratulations! 🇵🇰🎉
A stable token for our PKR currency has also launched on Binance! ❤️ Plus, you can now buy crypto directly using credit cards, bank transfers, and PKR digital money.#crypto #legal #Pakistan #Congratulations😊😍 #BİNANCE
A stable token for our PKR currency has also launched on Binance! ❤️ Plus, you can now buy crypto directly using credit cards, bank transfers, and PKR digital money.#crypto #legal #Pakistan #Congratulations😊😍 #BİNANCE
Is El Salvador's $1 Million Bitcoin Visa Program Changing How People Get Citizenship? 💳
El Salvador launched a unique $1 million Freedom #Visa program tied to Bitcoin, attracting hundreds of inquiries and dozens of applications within days of its December 7 launch.
The initiative offers residency and a citizenship pathway to 1,000 individuals donating $1 million in Bitcoin or Tether.
Despite criticism of its price compared to other programs, El Salvador's National Bitcoin Office defends it as reasonable, emphasizing the nation's pro-Bitcoin #policies .
President Nayib Bukele's initiatives, including recognizing Bitcoin as #legal tender and removing taxes for Bitcoin investors and tech firms, might lure prospective applicants despite the high cost.
#Binance
#crypto2023
El Salvador launched a unique $1 million Freedom #Visa program tied to Bitcoin, attracting hundreds of inquiries and dozens of applications within days of its December 7 launch.
The initiative offers residency and a citizenship pathway to 1,000 individuals donating $1 million in Bitcoin or Tether.
Despite criticism of its price compared to other programs, El Salvador's National Bitcoin Office defends it as reasonable, emphasizing the nation's pro-Bitcoin #policies .
President Nayib Bukele's initiatives, including recognizing Bitcoin as #legal tender and removing taxes for Bitcoin investors and tech firms, might lure prospective applicants despite the high cost.
#Binance
#crypto2023
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