DOJ, CFTC sue Arkansas to block state enforcement action against Kalshi
Arkansas previously sued Kalshi on Nov. 4, alleging that it operated an illegal gambling platform in the state.
This story was originally published by The Block.
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Regulation
Binance Reveals Final Numbers After $6.34 Billion Hack: 100.04% of Shiba Inu (SHIB) Reserves Confirmed
Binance confirms 100.04% Shiba Inu (SHIB) coverage after its $6.34 billion hack, and Arkham data shows 16% more SHIB in its wallets.
Regulation
New Jersey Repeat Mail Fraudster Charged With Targeting $12,000,000 From Bank and Mailing 36,000 Fake Invoices to Schools
A New Jersey man who has served two prison terms for mail scams has been charged again with trying to claim $12 million from a bank and billing schools for books they never ordered. Robert Armstrong…
Regulation
Ethereum treasury firm BTCS sold ether at a loss to keep $64 million Aave loan healthy
The Nasdaq-listed company has 46,676 ETH backing its borrowings, and the loan could become eligible for liquidation if ether slides to around $1,700.
Regulation
Who Will Police Your Crypto at the SEC? Trump Just Picked Hester Peirce’s Replacement
President Donald Trump has nominated Steven Levine to replace Hester Peirce at the US Securities and Exchange Commission (SEC). The Republican lawyer would serve a term ending June 5, 2030. Peirce…
Regulation
Operation TorNado Seizes $234M; Crypto Tracing Links Darknet Drug Vendor
TLDR: Operation TorNado seized over $234M in cash and crypto, as dozens of federal prosecutions were announced. Bitcoin tracing helped investigators link BarbaraWhite market payments to an alleged…
Regulation
Operation TorNado nets 354 arrests, $234M in cash and crypto seized
The US Justice Department (DOJ) and Europol announced on November 12 that they arrested 354 individuals and seized more than $234 million in cash and cryptocurrency in an operation that ran from May…