Celsius Creditors moves to recoup $439M through EquitiesFirst subpoena

Celsius’ Committee of Unsecured Creditors has filed a motion asking the bankruptcy court to issue a subpoena to EquitiesFirst Holdings (EHF) for failing to repay approximately $439 million owed to Celsius Network. EquitiesFirst is an institutional lending platform Celsius worked with between October 2019 and February 2021 to support its business through collateralized loans. Celsius…

Judge rules in favor of Ripple against SEC in Hinman document case

U.S. District Judge Analise Torres has ruled in favor of Ripple Labs after it ordered the SEC to release documents relating to a speech delivered by former SEC official William Hinman. During a 2018 summit, William Hinman asserted that the sale of Ethereum and related cryptocurrencies are not securities.  Ripple Labs has been demanding access…

SEC charges Hydrogen for profiting over $2M from market manipulation

The Securities and Exchange Commission (SEC) has moved to press charges against market making firm Hydrogen for allegedly manipulating the trading volume of its Hydro token to amass over $2 million from the illegal act. Hydrogen CEO Michael Kane and Moonwalker CEO Tyler Ostern were also named as accomplices to the crime. The accused reportedly…

CFTC serves Ooki DAO members lawsuit via governance discussion forum

The Commodity Futures Trading Commission (CFTC) served a lawsuit against Ooki DAO via its website chat box and its online governance forum, according to a Sept. 27 court filing. According to the filing, the decision to take this novel approach was because the DAO did not have: “Any listed headquarters or physical office location, mailing…

Terra founder Do Kwon claims he is ‘making zero efforts to hide’

Terra’s founder Do Kwon is making light of his situation as he claims that he is making “zero efforts  to hide.” Yeah as i said im making zero effort to hide I go on walks and malls, no way none of CT hasnt run into me the past couple weeks — Do Kwon 🌕 (@stablekwon)…

CFTC levies $250K fine on bZeroX, charges Ooki DAO for regulatory violations

The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine against bZeroX, a blockchain trading protocol, and its two founders. Simultaneously, the CTFC filed a federal civil enforcement action charging Ooki DAO — a successor to bZeroX that operated the same protocol — for illegally offering leverage and margin trading; failing to comply with the…