Philipp Petkevitch pfp

Philipp Petkevitch

@petkevitch

83 Following
550 Followers
Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
9/ A user with a nickname lightcrypto has accused the Sui project team of insider trading following a significant rise in the asset’s price. https://x.com/lightcrypto/status/1845636291460772163
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
8/ A federal court in Las Vegas has sentenced an Indian citizen to 60 months in prison, followed by two years of probation, for orchestrating a $15 million cryptocurrency pyramid scheme involving spoofing. https://www.justice.gov/usao-wdnc/pr/indian-national-sentenced-prison-20-million-dollar-fraud-scheme-involving-fake
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
7/ The SEC has officially approved applications for listing and trading options on spot Bitcoin ETFs for the NYSE and Cboe stock exchanges. https://www.sec.gov/files/rules/sro/nyseamer/2024/34-101386.pdf
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
6/ The CFTC has submitted an Appellant’s Brief, criticizing the court’s decision in the Kalshi prediction market case as a “mistake.” https://storage.courtlistener.com/recap/gov.uscourts.cadc.41256/gov.uscourts.cadc.41256.1208671805.0.pdf
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
5/ Italy has announced an increase in the capital gains tax on cryptocurrency investments from 26% to 42%. https://x.com/WatcherGuru/status/1846487263280017464
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
4/ A programmer has filed a lawsuit against the Bitcoin Core developers, claiming that they deviated from Satoshi Nakamoto’s original vision by implementing SegWit and Taproot updates. https://caseboard.io/cases/306dc00a-f318-4433-9bbb-f23b1b5d79ec
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
3/ The SEC has filed a lawsuit against Vay Fam, the individual behind the Saitama Inu and Robo Inu projects, for promoting securities without a license, market manipulation, and deceiving investors. https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26153
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
2/ The SEC is contesting a court decision that suggests Ripple Labs should pay a $125 million fine instead of the initially proposed $2 billion. https://www.dropbox.com/scl/fi/crwpyc21zreohtj33opxt/SEC-Form-C.pdf?rlkey=a8lphikodtuh7ihz5eulgrln2&e=2&dl=0
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
1/ FBI agents have arrested an individual accused of hacking the SEC’s official page on X. https://www.justice.gov/usao-dc/pr/fbi-arrests-alabama-man-january-2024-sec-x-hack-spiked-value-bitcoin
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (Oct 13-20)?
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
We are hosting a Crypto Legal Meetup on November 2 in Dubai. 👉 Info & Register here: https://lu.ma/jeva8949 Join us at the Grand Hyatt Dubai Convention Centre on the second day of the TON Gateway—the premier conference on the TON blockchain and Telegram ecosystem. Our lineup includes 5-6 talks and a panel discussion.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
9/ World Liberty Financial, associated with Donald Trump’s sons, plans to raise $300 million at a valuation of $1.5 billion through the sale of WLFI governance tokens. https://www.theblock.co/post/320430/trump-world-financial-liberty-raise
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
8/ Former Lawyer Sentenced for Crypto Pyramid: On October 8, 2024, a federal court in Las Vegas sentenced a former lawyer to prison for creating a $15 million cryptocurrency pyramid scheme. Prosecutors stated that the fraudster and his accomplices promised investors returns ranging from 20% to 100% within 30 days. https://www.courtlistener.com/docket/68229207/united-states-v-kagel/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc#entry-40
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
7/ FTX Approves Bankruptcy Reorganization Plan: Crypto exchange FTX announced that it has received approval from the bankruptcy court for its asset reorganization plan. Under the plan, 98% of affected users will receive compensation of approximately 119% of their deposits. https://www.prnewswire.com/news-releases/ftx-receives-us-bankruptcy-court-confirmation-of-its-plan-of-reorganization-302269152.html
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
6/ Crypto.com Sues SEC After Wells Notice: Crypto exchange Crypto.com has filed a lawsuit against the SEC following the receipt of a Wells Notice. The company accuses the regulatory body of overreach and unfairness in establishing rules for crypto asset operations. https://crypto.com/company-news/complaint
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
5/ CoinGecko Reports US Crypto Enforcement: Analysts at CoinGecko published a report detailing enforcement actions taken by US regulators against cryptocurrency companies. From January 1, 2019, to October 9, 2024, the top 25 lawsuits resulted in digital asset companies being fined a total of $32 billion. https://www.coingecko.com/research/publications/top-crypto-enforcements-us
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
4/ Meta Eagle Club NFT Holders Sue Gallery: Investors have filed a class-action lawsuit accusing Eden Gallery and artist Gala Yosef of fraud, claiming that the project was mismanaged. Token holders are also seeking compensation for their losses. https://news.bloomberglaw.com/crypto/nft-investors-sue-gallery-over-metaverse-cryptocurrency-scam
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
3/ DOJ, SEC, FBI Charge 18 in Crypto Fraud: The Department of Justice, SEC, and FBI have filed charges against 18 individuals and entities for fraud in the cryptocurrency space. Among the accused are four market makers, including Gotbit and GLS Global, who are charged with market manipulation and fictitious trading. https://www.justice.gov/usao-ma/pr/eighteen-individuals-and-entities-charged-international-operation-targeting-widespread
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
2/ SEC Accuses Cumberland of Unregistered Dealing: The SEC has charged market maker Cumberland with operating as an unregistered dealer in crypto assets offered and sold as securities. The regulator stated that since March 2018, Cumberland has bought and sold cryptocurrencies for its own accounts, selling them as securities totaling over $2 billion. https://www.sec.gov/newsroom/press-releases/2024-169
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
1/ Bitnomial Sues SEC Over XRP Futures: Derivatives exchange Bitnomial has filed a lawsuit against the SEC regarding XRP futures contracts. The regulator intervened in the launch of XRP futures, labeling it as a derivative of a security and requiring the exchange to register, thereby blocking the contracts’ launch. Previously, the exchange had received approval from the CFTC. https://x.com/Bitnomial/status/1844544290040451096 https://www.bloomberg.com/news/articles/2024-10-02/use-of-blackrock-tokens-as-collateral-moves-closer-to-mainstream?sref=3REHEaVI
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