SEC fines Ripple $1.95B
According to Ripple Labs CEO Brad Garlinghouse, and CLO Stuart Alderoty, the SEC has fined Ripple Labs a total of $1.95 billion in -
- Disgorgement ($876M),
- Pre-judgement interest ($198M),
- Civil penalty (equal to the disgorgement amount).
Garlinghouse and Alderoty have begun preparations for further court proceedings, with Ripple Labs to respond to the court on April 22.
OTHER NEWS
EARN
Active: Startup contest by Gateio
Gateio has announced a Startup promotion contest. Users need to Claim any ongoing GateIo startup, fillt he Gleam form, and share the screenshot of their claim on social media. Gateio will select 15 winners, and Double their Claim. Timing is between March 26 and April 3.
Hack / Scam / Fraud
Munchables Gaming Compromised
Blast-based Web3 gaming platform Munchables got hacked. ZachXBT has confirmed approximately 17411 ETH were stolen, one of the largest hacks of the year. The exploit was discovered when data tracker DeFiLlama reported the platform's $95.62 million in TVL suddenly dropping to $34.08 million.
SBF fate tomorrow
The fate of Sam Bankman-Fried, theb iggest scammer in the crypto world, will be decided tomorrow. SBF's team is trying to convince the judge that the maximum punishment of 78 months is enough. But the prosecutors are demanding a 50-year sentence from the court. Most people in the crypto world are against SBF.
Altcoins & Blockchains
NEAR now supports multichain
The L1 NEAR protoco, with the help of Eigenlayer, an Ethereum-based restaking project, now supports secured chain signatures, which allow multichain access from the NEAR account without bridge. This will help developers to build DeFi on NEAR protocol
CEX / DEX / CeFi / DeFi / Wallet
KuCoin and Co-founders charged in US
KuCoin and two of its founders, Chun Gan and Ke Tang, are charged with flouting U.S. anti-money laundering laws under the Bank Secrecy Act and unlicensed money transmission. Charges are filed in the Southern District of New York.
( Full Report by Attorney office of SDNY)
NFT
Indian Railways' initial NFT tickets
The Indian Railways Catering and Tourism Corporation. (IRCTC) has issued NFT train tickets for the two Tejas trains that run between New Delhi and Lucknow. This is for the period of March 20 through April 2. The IRCTC claims that the initiative aims to commemorate Hindu festival Holi.
International Incident
Michael Saylor in Madeira
Bitcoin Maximallist Micheal Saylor visited Madeira , the autonomous region of Portugal, to talk about Bitcoin. Madeira use Bitcoin like El Salvador.
