COCO PAY presents a selection of the most important web3 news from the past week. Don’t miss out!
— Tether helped the U.S. Department of Justice track and freeze $6 million worth of crypto assets linked to fraud.
— FTX announced the full reimbursement of assets to its preferred shareholders, which were under its control at the time of bankruptcy.
— The UK’s Financial Conduct Authority (FCA) charged a man with the illegal operation of crypto ATMs. In less than two years, these machines processed $3.48 million in cryptocurrency transactions.
— U.S. Federal Reserve Chairman Jerome Powell announced plans to further lower the key interest rate to stimulate economic growth and employment.
— Former Binance CEO Changpeng Zhao spent four months in prison, during which his net worth increased by $3 billion.
— The SEC has filed an appeal against a district court ruling, according to which Ripple Labs is required to pay a $125 million fine for selling XRP tokens to institutional investors.
— Experts have uncovered cases of “fake” workers from North Korea who were employed using forged documents. More than 20 cryptocurrency companies, including Fantom, Sushi, Cosmos Hub, and Yearn Finance, hired such workers.
More news is coming soon. COCO PAY — always in the know!
