Ex-CFO sentenced to two years after diverting $35M to crypto venture

Nevin Shetty was convicted of wire fraud related to secretly moving $35 million in funds from a Seattle startup to his own crypto platform in 2022 to use for DeFi investments.

Nevin Shetty was convicted of wire fraud related to secretly moving $35 million in funds from a Seattle startup to his own crypto platform in 2022 to use for DeFi investments.

Senator Elizabeth Warren pointed to the SEC's recent settlement with Tron founder Justin Sun, saying βany crypto legislation moving through Congressβ should address corruption.

The crypto exchange responded to a Senate inquiry over sanctions by claiming that βno Binance account transacted directly with an Iran-based entity.β

The Securities and Exchange Commission has proposed an interpretive framework for applying federal securities laws to digital assets that would carry more weight than staff-level guidance.

The post from Eric Trump, tagging his crypto company, came hours after his father claimed banks were holding a market structure bill βhostage.β

FBI director Kash Patel posted a photo of a handcuffed John Daghita, as well as one of seized items including cash, thumb drives, a phone and devices resembling hardware wallets.