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Forcount crypto scheme promoters plead guilty to wire fraud conspiracy

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On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.

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Coin Market

Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’

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SEC staff’s no-action letter covers CC earned by running infrastructure and applications, but is not a binding ruling on its legal status.

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Coin Market

Justin Sun seeks $264K sanctions over World Liberty’s UAE disclosure

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Sun plans to refile his token-freeze lawsuit in California state court after the sanctions motion is resolved. A hearing is set for Dec. 10.

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Binance hack may be ‘temporary setback’ for crypto, Grayscale’s Pandl says

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Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.

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