j33794954

@j33794954

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Tether said in May 2023 that it planned to “regularly allocate up to 15% of its net realized operating profits toward purchasing Bitcoin.”

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@thomasannie658

The United States Attorney’s Office revealed an additional charge for Terraform Labs co-founder Do Kwon following his extradition from Montenegro: money laundering conspiracy.

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In a superseding indictment unsealed on Jan. 2 in the US District Court for the Southern District of New York, US Attorney Damian Williams alleged Kwon conspired with others to commit money laundering.

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wilsongillian959

@wilsongillian959

According to the US Attorney, the Terraform co-founder facilitated transactions of more than $10,000 on the platform “knowing that the property involved in certain financial transactions represented the proceeds of some form of unlawful activity.”

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The money laundering charge was part of a superseding indictment not initially filed as part of the eight-count indictment against Kwon in March 2023. Prosecutors filed the indictment under seal in May 2024, and a judge ordered it unsealed amid Kwon’s court appearance on Jan. 2.

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Kwon, alleged to have been involved in the 2022 collapse of the Terra ecosystem, was arrested and jailed in Montenegro for using falsified travel documents in 2023. Authorities from the US and South Korea filed competing petitions to extradite the Terraform co-founder, but Montenegrin authorities did not decide on his legal status until December 2024, when Kwon was handed over to US officials.

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The Terraform co-founder appeared in court on Jan. 2 and pleaded not guilty to all charges, agreeing to be held in detention. It’s unclear whether US authorities will consider a plea deal or intend to move forward with a criminal trial.

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Kwon’s case parallels that of former FTX CEO Sam “SBF” Bankman-Fried — another crypto executive who was subject to another country’s jurisdiction (the Bahamas) before being extradited to the US. In SBF’s case, his lawyers were able to argue a campaign finance charge added to a superseding indictment should be dropped as it was not part of the extradition request.

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@browncathy7611

Bankman-Fried was later convicted of seven felony counts and sentenced to 25 years in prison, but he has filed an appeal.

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Former Binance CEO Changpeng Zhao — another significant industry figure — pleaded guilty to one charge and served four months in prison in 2024.

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Former Binance CEO Changpeng Zhao — another significant industry figure — pleaded guilty to one charge and served four months in prison in 2024.

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In a Dec. 13 filing with the US District Court for the District of Columbia, Judge Amy Berman Jackson said Council could travel to North Carolina with a third-party custodian between Dec. 23 and 29. The judge said the alleged hacker “must provide Pre-Trial Services with his precise itinerary and information concerning where he will be staying at least two business days before traveling.”

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Federal Bureau of Investigation officials arrested Council in Alabama on Oct. 17. He has pleaded not guilty to one count of conspiracy to commit aggravated identity theft and access device fraud.

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Before Council’s alleged actions, many in the crypto industry had been expecting the SEC to announce a decision on whether US exchanges would be permitted to list spot ETFs tied to Bitcoin. US authorities alleged Council was part of a group that took control of the SEC’s X account through a SIM swap attack, with the post causing the price of BTC to briefly surge by more than $1,000.

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France’s financial markets regulator, Autorité des Marchés Financiers (AMF), has approved operations of a cryptocurrency business by the French bank BPCE.

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@smith6572emily

BPCE’s cryptocurrency subsidiary, Hexarq, has obtained a crypto asset service provider (CASP) authorization, according to an official AMF notice issued on Dec. 20.

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With the approval, Hexarq is officially authorized to provide a scope of crypto services, including crypto custody, as well as buying, selling and trading crypto against the euro.

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According to online reports, BPCE’s Hexarq is all set to start offering cryptocurrency investment services within the Banque Populaire and Caisse d'Épargne networks in 2025.

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@browncathy7611

Launched in January 2021, Hexarq is a digital asset service platform focused on cryptocurrencies and tokenized real-world assets (RWA).

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