SafeMoon's Descent: Bankruptcy Filing Shocks Crypto World
SafeMoon files for bankruptcy amid fraud charges, leading to a significant drop in its cryptocurrency value.

SafeMoon files for bankruptcy amid fraud charges, leading to a significant drop in its cryptocurrency value.
Since 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
Binance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
Binance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
Countries all over the world are gradually moving towards building a definitive law for the asset class.
Max Kordek, the CEO of Lisk, tells us more about how DeFi protocols unlock the "New World" of Web3
A look back on the week that was the World Economic Forum and how crypto might have stolen the show.