California reaches a $50M settlement with Meta to resolve claims that Facebook users were misled about their ability to limit who could see personal details
The San Francisco Standard :
Crypto investor Roger Ver, aka “Bitcoin Jesus”, reaches a deferred prosecution agreement with the US DOJ, paying nearly $50M to resolve a tax evasion indictment
Ben Weiss / Fortune :
Google agrees to pay $50M to settle a lawsuit accusing it of systemic racial bias against Black employees, covering 4,000+ employees in California and New York
But $12.5K per person isn't real justice for being denied promotions or bonuses as a Google employee is not a meaningful punishment nor compensation for the loss. @hypervisible : The plaintiff “said G...
The DOJ charges AI shopping app Nate's ex-CEO, Albert Saniger, with fraud, alleging the app relies heavily on workers in the Philippines; Nate had raised $50M+
Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience …
Ripple says it agreed to settle a US SEC civil lawsuit over the alleged sale of unregistered securities and pay just $50M of a previously imposed $125M fine
Jonathan Stempel / Reuters :
Uniswap Labs says the US SEC has closed its probe into the company and will not file enforcement actions, after the SEC dropped OpenSea and Robinhood probes
WSJ: BBG John E Deaton / @johnedeaton1 : Hayden lays out the problem when it comes to regulators more interested in pushing a political agenda than enforcing the law. Hayden mentions the personal toll...
Sweden's financial regulator fines BNPL startup Klarna $50M for “significant deficiencies” that broke AML regulations from 2021 to 2022, ahead of its US IPO
Richard Milne / Financial Times :
The US SEC charges the parent company of Silvergate Bank and executives with misleading investors about its AML compliance strength; Silvergate settles for $50M
similar to SBF and his publicity tour post-collapse — went out and made very specific claims about the health of their bank, publicly, and often. The SEC wants repercussions for that. LinkedIn: Mary L...
Sources: the EU has determined that Apple's anti-steering rules for developers do not comply with the DMA, and plans charges against Apple in the coming weeks
Two things happened this week. Apple's (NASDAQ: AAPL) … Thomas Claburn / The Register : European Commission may be about to put the squeeze on Apple for its App Store rules Chance Miller / 9to5Mac : ...
Gemini will return ~$50M of digital assets to investors who were locked out of their accounts when Gemini Earn collapsed, to settle a lawsuit by New York's AG
Bans the Exchange From Crypto Lending in the State Jonathan Stempel / Reuters : New York recovers $50 mln for defrauded Gemini Earn crypto investors Mike Millard / DL News : New York recovers $50m for...