SafeMoon founder Braden Karony sentenced to 100 months in prison

Nigeria's FIRS Begins Trial Against Major CEX Over Alleged Tax Evasion

Nigeria's tax authority, FIRS, has begun legal proceedings against a centralized exchange for alleged tax evasion related to VAT and CIT on cryptocurrency transactions. The trial is set for April 11, 2025, as questions arise regarding the obligation of foreign entities to comply with local tax laws.

Thepeer Co-Founder Denies Fraud Claims Nearly Two Years After Shutdown, Says $750K Never Received

Michael Okoh, co-founder of Thepeer, refuted allegations of missing funds before the company's shutdown, clarifying that claimed investments were never made and funds were fully accounted for. He cited internal governance issues, not fraud, as the problem.

Encouraging innovation! U.S. judges ban Arizona from regulating prediction markets, and pause the prosecution against Kalshi

A U.S. federal district court ruled that Arizona cannot use its gambling laws to prosecute the prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in financial market regulation, and Kalshi insists that its business is financial products rather than traditional gambling. Rulings on prediction markets vary across states, and the Trump family has also expressed support for prediction markets.

Is it possible to bypass FSC regulations on buying crypto with card payments? Oadingding rolls out the Wallet Pro service for buying crypto with a U.S. debit card

The OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and they partner with international payments giants to showcase their ambitions to expand in the fintech space. By operating from abroad, OdinTing bypasses Taiwan’s regulatory restrictions, offering faster virtual-asset trading, while also facing the newly issued Virtual Assets Services Act; in the future, it may become a reference template for other foreign-invested companies entering the Taiwan market.

Thodex Founder Farul Fatih Ozer Arrested in Turkey, Faces Charges Over Alleged $2B Theft

Farul Fatih Ozer, founder of the collapsed cryptocurrency exchange Thodex, was arrested in Istanbul, facing fraud and money laundering charges. Allegedly fleeing with $2 billion in investor funds, Ozer's case claims significant financial losses and has led to a nationwide cryptocurrency payment ban in Turkey.

Encouraging innovation! A U.S. judge bars Arizona from regulating a prediction market and suspends the prosecution of Kalshi

A U.S. federal district court ruled that Arizona is prohibited from relying on its gambling laws to prosecute prediction market platform Kalshi, finding that the federal Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in financial market regulation, while Kalshi insists that its business falls under financial products rather than traditional gambling. Rulings on prediction markets vary from state to state, and the Trump family has also expressed support for prediction markets.