Jurisdiction | FinTelegram News

Category: Jurisdiction

February 24, 2025

Investor Briefing: SEC vs. Coinbase – Case Dropped Amid Regulatory Shift

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase in June 2023, alleging that the crypto exchange operated as an unregistered securities broker and exchange. However, recent developments indicate that the SEC has agreed in principle to drop the case, as confirmed by Coinbase Chief Legal Officer Paul Grewal.

February 18, 2025

SEC’s Sudden Crypto Pivot: Is Trump’s New Administration Behind the Coinbase Case Reversal?

In a significant shift signaling the dawn of a new era for crypto regulation in the U.S., the SEC has taken steps that could potentially resolve its high-profile enforcement case against Coinbase, one of the nation's leading crypto exchanges. This move comes hot on the heels of a similar action involving Binance and appears to be a direct consequence of the newly inaugurated, crypto-friendly administration under President Donald Trump.

February 18, 2025

Indian Authorities Seize $250 Million Loot From BitConnect Crypto Fraud Scheme!

Indian authorities have made a significant breakthrough in the ongoing investigation into the BitConnect crypto-Ponzi scheme, seizing over $250 million in assets linked to the fraud operation. This report provides an overview of the seizure, the methods employed by Indian authorities, and the potential implications for BitConnect investors.

February 6, 2025

Uganda’s Central Bank Hacked – Finance Ministry Officials Arrested!

Massive cyber-heist in Uganda! Authorities have detained nine finance ministry officials over a $16.87 million hack targeting the central bank’s IT systems. The cybercriminals, allegedly operating under the alias "Waste", infiltrated accounts and funneled funds out. Investigations are ongoing, with top Treasury officials under scrutiny.

January 30, 2025

CFTC Secures $451M Judgment Against Israeli Yukom Fraud Scheme—A Victory, but Justice Delayed

The U.S. CFTC has secured a massive $451 million judgment against the operators of the fraudulent Israeli binary options scheme linked to Yukom Communications. This enforcement action marks the culmination of years of global fraud facilitated by offshore entities and front companies, a network that FinTelegram has been exposing since its inception.

January 29, 2025

France Expands Money Laundering Probe Into Binance: Crypto Giant Under Fire Again

French prosecutors have escalated their investigation into Binance, alleging the crypto giant facilitated habitual money laundering tied to drug trafficking and tax fraud. The probe, initially launched in 2023 over regulatory violations, now extends to alleged illicit activities spanning the entire EU. Binance denies the accusations, calling them outdated.

January 28, 2025

KuCoin Pleads Guilty: $297M Settlement and Management Changes in U.S. Crypto Crackdown!

Seychelles-based KuCoin, one of the largest crypto exchanges globally, pleaded guilty in the U.S. to operating an unlicensed money transmitting business and agreed to pay $297 million in fines and forfeitures. The settlement highlights failures in anti-money laundering (AML) and compliance practices, forcing KuCoin to exit the U.S. market for two years.

January 28, 2025

Ex-Archegos CFO Sentenced: Patrick Halligan Gets 8 Years After Wall Street Catastrophe

Patrick Halligan, the former CFO of Archegos Capital Management, has been sentenced to eight years in prison for his involvement in the firm’s catastrophic 2021 collapse, which inflicted over $10 billion in losses on Wall Street. Halligan's conviction follows that of Archegos founder Bill Hwang, who received an 18-year sentence in November. Both are appealing their convictions.

January 27, 2025

Kraken’s Defense Crumbles: SEC Scores Partial Victory in Court!

A California federal judge rejected Kraken’s “major questions doctrine” defense, marking a significant win for the SEC in its push to regulate the crypto industry under existing securities laws. However, Kraken’s “fair notice” defense will proceed, keeping its legal challenge alive. Kraken is one of the leading U.S. crypto exchanges.

January 27, 2025

The Fall of René Benko: From Tyrolean Luxury to a Nine-Square-Meter Cell as Investigators Uncover Millions in Hidden Assets!

Austrian property tycoon René Benko, founder of the now-insolvent Signa Holding, was arrested on January 23, 2025, in Innsbruck, Austria. The arrest was executed by the Federal Criminal Police Office's Soko Signa unit, following concerns from the Vienna Economic and Corruption Prosecutor's Office (WKStA) about potential evidence tampering and the risk of further offenses.

January 27, 2025

Operation Dragon Slayer: Thai ECSD Targets Chinese Money Laundering Scheme!

Thai authorities have launched a major crackdown on Chinese-operated businesses suspected of laundering money for call center gangs. Operation Dragon Slayer, led by the Economic Crime Suppression Division (ECSD), targeted 40 companies allegedly involved in laundering funds through cryptocurrency exchanges and high-end real estate.

January 26, 2025

Financial Intelligence: Vast Money Laundering Case in Vietnam!

Vietnamese police have dismantled a money laundering ring that funneled nearly 30 trillion VND ($1.2 billion) of illicit funds into the country between 2022 and 2024. Authorities in Da Nang, a coastal city in central Vietnam, announced that multiple suspects have been arrested in raids on the suspects’ homes and workplaces. The case represents one of the largest money laundering schemes ever exposed in the country.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.