Mixed weekend for crypto

The Securities and Exchange Commission has abandoned its executive actions against the cryptocurnent exchange of Criptocurlenza on Friday, in settlement with the Agency of Digital Property.

Indicates the end of the sec The Iearlong search births and his perennial quests Taverns, which the firms maintain “should never be opened” and was “mainly wrong”, respectively.

According to the former lawyer, Arthur Jacobi, a partner in Herrick Feinstein LLP, also signifies the end of the world’s steel – regulating the execution “- time of several coupled specific regulations, but a lot of regulatory drops.

“Era regulation execution is dead,” Jacobi said. “It’s over.”

In the SEC Rat against CRIPTO, the Agency “acted as it was above the law, urging the power of the Congress as determined in the Constitution,” Legal Chief Coinbase Paul Graval wrote in Paul.

The coins only spent more than $ 50 million in the external legal feet, said the spokesman, adding not to account for countless periods of time fighting the agency. The wobat spokesman did not publish its own costs, but divided the statement of the legal head of Gallagher that the company “Happy to see the return to the rule of law and the commitment of fairness.”

Closing a book on Casions against CRIPTO companies “has the perfect meaning” When current leadership differs so much from management during the previous administration, Jacobi said.

“Now, we have no suggested rules and regulations yet. We did not have the proposed rules and regulations, but if SEC did not exist that there really is no point in continuing prosecution against the rules that will be extinct.”

Last week is a six-year-old crypto and Cyber ​​unit of SEC Desired with new cyber and emerging technologiesIn charge of “fighting violations of cyber-related and protection of retail investors from bad actors.” This includes a cripple-related fraud, according to the announcement.

But with cripto executions that will fall off the cliff – SEC imposed fines approximately $ 5 billion fastening last year – Jacobi expects a significant reduction in executive staff, and the staff relied on special staff is expected.

“The smallest sec will probably focus on cases of fraud in which there are recognizable victims that suffered monetary losses, not cases in which it is difficult to identify victims,” ​​Jacobi said.

Meanwhile, the Department for Justice Monday has submitted $ 504 million in Seychelles OcsOne of the world’s largest Crypto Exchangees, who admitted to guilty that will be managed by an unlicensed path of money transfer.

The OCCS has facilitated more than $ 5 billion in suspicious transactions and criminal deviation of seven years, according to the part of the American lawyer Matthew Podolski.

The OCCS spokesman said Wall Street Journal If there were no allegations about harming customers, and Jok wasn’t the magazine that the settlement of money contained absolutely any money laundering. “

Outside the United States, Cripto Exchange Babit Bibit was Hit with record hacks on Friday In which the North Korean Hacker group Lazarus stole almost $ 1.5 billion in Etherm from the wallet who gained control of.

“The preliminary forensic review reveals that our system is not endangered,” Ben Zhou said, co-founder and CEO of Bibita, in the prepared statement. “Although this incident underlines developing threats in crypton space, we take proactive steps to strengthen security and provide the highest level of protection for our customers.”

According to BlocCchain data platform ChainThis hack led to several stolen funds that all crypto hacked hackers that joined North Korea throughout Korea during 2024. years. Approximately 40 million dollars of stolen funds was stolen and frozen.

However, a large part of stolen funds remained intentionally idle.

“Delaying the washing efforts, they aim to surpass reinforced monitoring that usually follows such a high profile offense,” said chains.