Crypto Fugitive Do Kwon Tapped Hoard of 10,000 Bitcoin Via Swiss Bank, SEC Says

(Bloomberg) -- Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned some of the tokens into cash via a Swiss bank, the Securities & Exchange Commission said.Most Read from BloombergChina Hits Back at US with Sanctions on Lockheed, RaytheonPassengers Take 16-Hour Flight to Nowhere After Auckland to New York U-TurnTesla Recalls More Than 362,000 Cars Due to Self-Driving Crash RiskStar Banker’s Disappearance Unnerves China’s Business

• 2023-02-17
• Bloomberg Swiss bank Securities & Exchange Commission Do Kwon digital currencies Bitcoin

US Crypto Staking Crackdown Seen as ‘Huge Gift’ for Decentralized Services

(Bloomberg) -- Decentralized finance apps such as Lido, Rocket Pool and StakeWise may benefit from the US Securities & Exchange Commission’s crackdown on crypto staking services — if they avoid a similar clampdown.Most Read from BloombergRussia Blames US for Nord Stream Blasts, Threatens ConsequencesCommodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel FraudUS Makes Case That Chinese Balloon Was Part of Spying ProgramUS Takes Custody of Venezuela Embassy in Wake of Guaidó Vo

• 2023-02-10
• Bloomberg Decentralized finance crypto staking Kraken Securities & Exchange Commission