danane7m

@danane7m

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Iza, who also founded the Zort crypto trading platform, copped to charges of conspiracy against rights, wire fraud, and tax evasion.

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Au and Iza also used the ill-gotten gains to pay for “recreational activity,” which was valued at nearly $10 million, and to acquire around $16 million in cryptocurrency.

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She then used the illicit funds to pay approximately $1 million to bribe Los Angeles deputies and to purchase or lease luxury real estate, cars, jewelry and clothing.

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In July 2024, Lummis, a Wyoming Republican, proposed legislation that would require the US federal government to create a national Bitcoin stockpile.

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Quintenz will still need to secure confirmation from the US Senate — and a vote is yet to be scheduled — before he can take over from acting chair Caroline Pham.

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Due to regulatory uncertainty in the US, multiple crypto and DeFi projects are forced to look for friendlier jurisdictions — the United Arab Emirates, Switzerland and Singapore. If this trend continues, the global digital asset market will lose the world’s largest economy as its current leader, hindering its growth.

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https://warpcast.com/taseuytuy/0x800d6077

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Shares in the Hong Kong-based investment firm HK Asia Holdings Limited nearly doubled in value during trading on Feb. 17 after the firm disclosed it had purchased one Bitcoin.

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The launch was widely known among memecoin insiders as much as two weeks before its sharp rise and fall, according to Jupiter Exchange, which says it has found no evidence any of its team members engaged in insider trading.

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KIP added in a Feb. 17 X post that its CEO, Julian Peh, didn’t even discuss a token launch when he met Milei in October and that the company wasn’t even informed of when the LIBRA token went live.

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In response to the recent controversy, KIP, a Web3 company that builds AI payment infrastructure, recently denied creating the token or acting as a market maker, explaining it was a tech consultancy firm hired to help distribute project funds to local businesses in Argentina.

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However, Milei said he held a meeting with KIP Protocol representatives on Oct. 19 in Argentina, where the company informed him about the blockchain project.

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The restructuring is being carried out under a Singapore Scheme of Arrangement, a legal framework that allows companies to propose binding agreements with creditors.

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The court noted that a speedy resolution and quick distribution of funds would be the best outcome for users. It also supported restructuring over liquidation, citing financial projections from Kroll.

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WazirX will initiate a user voting process, which is expected to conclude within three months, along with an independent third-party audit. If the majority votes in favor, the scheme will be implemented, and within 10 days, net liquid assets will be distributed to users based on their claims, including any gains from the bull market.

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This followed a joint statement from the US, Japan and South Korean governments linking North Korea’s Lazarus Group to a breach of WazirX’s platform.

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According to the court hearing, there was no evidence of WazirX’s wrongdoing or misconduct in the cyberattack.

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Filed by Zettai, WazirX’s parent company, the restructuring plan aims for creditor recovery and avoiding liquidation through a court-supervised process. WazirX estimates that users may recover 75% to 80% of their account balances through token distributions.

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On Jan. 23, the Singapore High Court approved WazirX’s plan under the Companies Act 1967, paving the way for the crypto exchange to recover from a $235 million cyberattack by North Korea’s Lazarus Group.

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Indian cryptocurrency exchange WazirX has secured approval from the Singapore High Court for its restructuring plan, enabling the repayment of customer funds stolen in a massive cyberattack in July 2024.

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