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News
Deep Dive
It Isn’t Just the SEC — Feds’ Dragnet Targets Crypto Banking, Too
Spate of Enforcement Actions Poised to Reshape Industry
By Aleksandar Gilbert
The Securities and Exchange Commission. The Office of the Comptroller of the Currency. The Federal Deposit Insurance Corporation. The National Council of Economic Advisors. The U.S. Justice Department.
This yr, an alphabet soup of U.S. companies have scrutinized the crypto trade like by no means earlier than. They are wielding indictments, lawsuits, investigations, and penalties to rein within the largely unregulated market. No shock, crypto folks are none too happy with the event.
Read the total story in The Defiant
Crypto Crackdown
SEC Defines ‘Interrelated’ Terra Tokens as Securities
Feds Charge Do Kwon and Terra With Fraud in Case With Deep Implications For Crypto
By Owen Fernau
In a case that seems to broadly outline cryptocurrencies as securities, the U.S. Securities and Exchange Commission on Thursday charged Do Kwon and Terraform Labs, the crypto agency he co-founded, with orchestrating a multi-billion fraud.
Read the total story in The Defiant
Crypto Heists
Hackers Use ‘Emergency Withdraw’ Flaw to Raid Platypus
ZachXBT Identifies Hacker After Attack Erases Half the Value in USP Stablecoin
By Samuel Haig
Platypus Finance, the staff behind the USP stablecoin, suffered an $8.5M exploit on Thursday, sending the worth of USP and its native PTP token into a pointy decline.
Read the total story in The Defiant
Ethereum Scaling
zkSync Counters Polygon With ‘Mainnet’ Rollup
Layer 2s Escalate Battle to Rule Ethereum Scaling Solutions
By Owen Fernau
That didn’t take lengthy. A day after Polygon launched a zero-knowledge-based scaling resolution for Ethereum, zkSync opened up registrations for builders to deploy functions to its blockchain-based platform, referred to as a “mainnet.”
Read the total story in The Defiant
