💎 Sparkly… The SEC said the creator of hex, an ethereum-based token, spent investors’ $$ on cars, watches, and a 555-carat diamond dubbed “the enigma” after raising $1B+ in three unregistered securities offerings. Hex is down 98% from its 2021 high.
⚖️ Judgy… A couple, including financial rapper Razzlekhan, pleaded guilty to money-laundering charges relating to the 2016 Bitfinex hack (authorities recovered $3.6B in crypto). Razzlekhan faces up to five years in prison, and her husband up to 20.
🌶️ Spicy… Coinbase said the SEC did not tell the exchange to delist specific crypto assets before suing it. Last week, the Financial Times quoted CEO Brian Armstrong as saying that the regulator told his exchange to delist every crypto except bitcoin.
Latest Stories
Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.