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Two Individuals Face Charges in $25 Million Crypto Ponzi Scheme
The U.S. Department of Justice unveiled an indictment recently charging Australian citizens David Gilbert Saffron, 51, and Vincent Anthony Mazzotta Jr., 52, of Los Angeles. The duo were charged with operating a fraudulent crypto Ponzi scheme that ultimately stole over $25 million from victims. The scheme promised victims high returns through an AI-powered automated trading......
KuCoin Settles With New York, Agrees to Pay $22 Million and Exit
New York State Attorney General Letitia James stated on Tuesday that cryptocurrency exchange KuCoin has agreed to pay $22 million to settle a lawsuit brought by the state earlier this year. Moreover, KuCoin was accused of illegally operating in New York without proper registration. As part of the settlement shared by Reuters, KuCoin has agreed......
🥛 2 BIG reasons crypto prices are in the red… 👀
Today’s edition is brought to you by Bakkt® Custody - an institutional-grade solution to custody your digital assets, backed by multi-layered security.Learn how they built their platform with an emphasis on security!GM. This is Milk Road, your daily crypto briefing - with zero filler and extra memes.Here’s what we’re serving up today:2 reasons crypto prices......
SBF Defense Lawyer Says It Was Impossible to Win The FTX Case
SBF's decision to deviate from his legal team's strategy during cross-examination became a pivotal point in the FTX trial. According to David Mills, the mastermind behind the defense, this unscripted move might have contributed to the co-founder's legal downfall. Mills, a seasoned legal professional, expressed his dissatisfaction with Bankman-Fried's cross-examination skills. He labeled SBF as......
FIFA to Drop Limited NFTs Offering Access to 2026 World Cup Final
FIFA has announced a new non-fungible token (NFT) drop that will give collectors a rare opportunity to secure tickets to the 2026 World Cup final in North America. 100 ultra-rare NFTs will offer the chance to win tickets to the final match. A total of 900 NFTs are being minted on the Polygon blockchain. "For......
South Korea Proposes Robust Rules to Protect Crypto Users
The South Korea Financial Services Commission (FSC) has released a comprehensive set of crypto rules under the Act on the Protection of Virtual Asset Users. The primary objective is to ensure the safeguarding of virtual asset users and establish a robust framework for orderly virtual asset transactions. The proposed regulations cover a broad spectrum, starting......
🥛 The 3 most interesting things we saw this weekend…
Today’s edition is brought to you by Phemex - a top exchange for trading crypto and derivatives that invites its community to share in their revenue through PT Staking. Secure your stake in the future with Phemex. GM. This is Milk Road, the crypto newsletter that gives you the same feeling as being in your......
SEC Gets Extension to Respond to DEBT Box False Statements
A federal judge issued a rebuke to the Securities and Exchange Commission last week regarding materially false representations made while seeking to freeze $49 million related to DEBT Box. Chief Judge Robert Shelby demanded the regulator explain why it should not face sanctions for harming case integrity after obscuring facts to win an emergency legal......
🥛 7 Rules of the Road 📖
Today’s edition is brought to you by Harpie – the leading crypto security tool that protects your wallet from theft with always-on threat detection and real-time fund recovery.Secure your wallet for free →GM. This is Milk Road, your daily crypto mixtape. Straight hits only. It’s Friday. Let’s boogie:7 Rules of the Road (Bull Market Edition) 📖Robinhood......
Senator Elizabeth Warren Calls Crypto A Threat
Senator Elizabeth Warren emphasized the significance of strengthening law enforcement within the cryptocurrency sector during a recent interview with CNBC's Squawk Box. Senator Warren emphasized that a review of the Bank Secrecy Act is necessary to address the issues raised by the cryptocurrency sector. Key Statements: Cryptocurrency is being used for crimes like "terrorist financing"......
