Stablecoin Issuer Paxos Faces NYDFS Probe
[ad_1] Paxos Trust Co., the issuer of Binance’s stablecoin, is facing an investigation by the New York State Department of Financial Services (NYDFS), one of the most stringent state regulators in the United States, Bloomberg reported. There is no official confirmation on the investigation either from the regulator or...
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Bulgaria Launches Probe of Crypto Lender Nexo, Raids Offices
[ad_1] Local investigators in partnership with foreign agents raided the Bulgaria offices of the cryptocurrency lending firm, Nexo, on Thursday. Bulgarian business daily Dnevnik reports that a total of 15 offices are being checked with over 300 officials from various agencies working on the case. Additionally, prosecutors have launched...
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South Korean authorities reportedly probe staff behind Terra
[ad_1] The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna (LUNC) and Terra USD (UST) tokens, by reportedly summoning subpoenas to employees. South Korean authorities have reportedly summoned all employees at Terraform Labs as part of a full-scale investigation...
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FBI joins Mirror Trading probe in Africa to help recover US investor funds
[ad_1] Investigations into the South African company Mirror Trading International (MTI) – widely seen as last year’s most ruinous Bitcoin (BTC) Ponzi scheme – are now engaging the United States Federal Bureau of Investigation (FBI). MTI, which went into provisional liquidation in December 2020, claimed to have over 260,000...
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