Though the Court acknowledged regulatory breaches with Earner, it waived the $350,000 penalty in June 2024. ASIC appealed the decision to drop the fine, while Block Earner cross-appealed the finding that the Earner product required a license.
However, on 22 April 2025, the Full Federal Court allowed Block Earner’s cro...
Movement Labs, the team behind the high-profile layer 2 blockchain project, announced on Friday that it has suspended co-founder Rushi Manche.
The decision follows an ongoing third-party review focusing on organizational governance and recent incidents related to a market maker’s actions. This suspension comes at a ti...