The grant is designed to ease the financial burden on affected individuals and will equal the USD equivalent of the assets lost in the security breach.
cointelegraph.com
SEC faces sanctions threat as Judge questions DEBT Box case accuracy [cointelegraph]
Initially, the SEC, led by attorney Michael Welsh, had convinced the court to freeze DEBT Box’s assets, arguing the company was moving to Dubai, beyond U.S. regulatory reach.
The SEC is facing another defeat in its recycled lawsuit against Kraken [cointelegraph]
The Securities and Exchange Commission is suing Kraken for selling cryptocurrencies, but it looks like a recycled version of a losing lawsuit.
Nayib Bukele steps down as El Salvador’s President ahead of re-election bid [cointelegraph]
Acting President Claudia Rodríguez de Guevara, the first female head of state for El Salvador, took office on Dec. 1 and is expected to serve until June 2024.
Tether moving into infrastructure, energy production, CEO Ardoino says [cointelegraph]
Tether will build renewable energy facilities in Uruguay and El Salvador, the new CEO told Cointelegraph.
Sam Bankman-Fried will not file any post-trial motions, say lawyers [cointelegraph]
The former FTX CEO was found guilty of seven felony charges on Nov. 2, for which he could face up to 115 years in prison.
KyberSwap hacker wants control, law firm says Aussie DeFi tax rules ‘non-binding’: Finance Redefined [cointelegraph]
Law firm Cadena Legal said that the guidance released by the Australian Taxation Office is “non-binding” and must be treated as “toilet paper.”
Terraform Labs and SEC lawyers spar over whistleblower in court: Report [cointelegraph]
Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial.
Elon Musk says “digital god” will make AI copyright lawsuits irrelevant [cointelegraph]
The billionaire mogul also claimed that OpenAI was lying about its training methods, but interviewer Andrew Ross Sorkin may have flubbed the question.
Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over [cointelegraph]
Bitcoin reaches levels not seen since May 2022 amid an excited market reaction to the latest Fed inflation commentary.