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+
#RIPNate Paul Rietschka / @prietschka : Can't wait until more and more of the ‘agentic’ revolution turns out to be (1) just ‘500 employees in Hyderabad,’ and (2) has some high-profile failures where ‘...
Filing: the US SEC drops charges alleging Ripple CEO Brad Garlinghouse and Chairman Chris Larsen aided and abetted the company in violating securities laws
How High Can It Soar? PYMNTS.com : SEC Drops Claims Against Ripple Executives Bhushan Akolkar / Coinspeaker : SEC Clears Ripple Executives of All Charges in Lawsuit, XRP Price Shoots Benson Toti / Bit...
A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities
and this week it got a big one Hassan Shittu / Cryptonews : Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit Mutuma Maxwell / Cryptopolitan : Binance clients rally behind enigmat...
Coinbase plans to try a novel defense against a potential US SEC enforcement action by arguing the regulator bears some responsibility for approving its IPO
Dave Michaels / Wall Street Journal :
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value
Takeaways from SEC complaint Cosmos Ecosystem Chat Newsletter : SEC Charges Do Kwon, Mars on Crescent, Turkey Earthquake Aid Proposal - CEC Issue #25 The Block : U.S. investigation into Do Kwon and hi...
Analysis: of 19 publicly traded crypto miners, 16 disclosed significant internal control weaknesses since 2018, including Riot Blockchain and Marathon Digital
Weak controls and related-party transactions appear in disclosures across industry — Where Did the Missing Money Go? Tweets: @cfobp , @jasonzweigwsj , and @davidamichaels Tweets: Barrett Peterson / ...
Sources: the SEC is probing Elon Musk's late filing about his Twitter shares on April 4, 10+ days after his stake passed the 5%+ trigger point for disclosure
Dave Michaels / Wall Street Journal :
Sources: federal prosecutors are talking to social media companies to find out whether market manipulation fueled the rise of stocks like GameStop and AMC
Dave Michaels / Wall Street Journal :
Despite tensions between the US and China, more than 20 Chinese companies went public in 2020 on Nasdaq or NYSE, raising $4B according to Dealogic data
More than 20 Chinese companies have gone public on the Nasdaq or NYSE this year — The U.S. remains a magnet for initial public offerings … Tweets: @auditchina , @wsjmarkets , @davidamichaels , and @...
Crypto exchanges including Coinbase, Kraken, Circle, and Bittrex form the Crypto Ratings Council to rate digital assets on whether they are securities
Dave Michaels / Wall Street Journal :