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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

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This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

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Caitlyn Jenner escapes memecoin lawsuit as judge says token not a security

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A federal judge has tossed a class lawsuit over Caitlyn Jenner’s memecoin, saying it did not plausibly allege that the token was an unregistered security.

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Warren claims SEC’s Atkins likely misled Congress over enforcement data

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SEC chair Paul Atkins is under fire from Senator Elizabeth Warren, who says he “may have been deliberately trying” to mislead Congress about the agency’s enforcement activity.

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Kelp restaking platform exploited, $293M drained in attack

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The attack caused a “cross-protocol contagion” that has impacted at least nine crypto protocols, blockchain security firm Cyvers said.

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