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Bancor DAO Default Raises Legal Red Flags

In a first-of-its-kind legal ruling, a U.S. court has entered a default judgment against Bancor DAO after the decentralized organization failed to respond to a lawsuit involving frozen user assets. The case opens the door to a novel legal question:…
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crypto

Japan to Redefine Crypto as Financial Product

Japan’s Financial Services Agency (FSA) has announced a bold proposal to redefine cryptocurrencies as regulated financial products rather than mere payment methods. The change, expected to take effect by 2026, would expand government oversight,…
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not guilty

Do Kwon Pleads Not Guilty

Do Hyeong “Do” Kwon, the co-founder of Terraform Labs, has officially pleaded not guilty to U.S. fraud charges about the $40 billion collapse of the TerraUSD (UST) and Luna tokens. Extradited from Montenegro earlier this year, Kwon was arraigned…
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