Judge overturns fraud convictions in Mango Markets exploit case

Judge overturns fraud convictions in Mango Markets exploit case

A US judge vacated Mango Markets exploiter’s fraud convictions, ruling the DeFi protocol’s permissionless design left no room for misrepresentation. A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets. On Friday,…

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Crypto.com secures EU license to launch crypto financial derivatives

Crypto.com secures EU license to launch crypto financial derivatives

Crypto.com has secured a MiFID license to offer regulated crypto derivatives in the European Economic Area, expanding its presence in Europe following earlier MiCA approval. Mobile-first crypto exchange and payment platform Crypto.com secured a license allowing it to offer cryptocurrency financial derivatives in the European Economic Area. According to a May 21 announcement, Crypto.com secured…

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South Korean presidential front-runner proposes won-based stablecoin

South Korean presidential front-runner proposes won-based stablecoin

South Korea’s presidential front-runner Lee Jae-myung has proposed a won-backed stablecoin to curb capital flight. South Korea’s Democratic Party leader Lee Jae-myung has proposed the creation of a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty. Speaking during a recent policy discussion, Lee argued that a won-based stablecoin…

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