Sushi’s Head Chef Releases Statement Over SEC Subpoena
Sushi DAO’s head chef, Jared Grey, has released a statement addressing the subpoena served against himself and the protocol by the United States Securities and Exchange Commission (SEC). In a Friday blog post on the Sushi Forum, Grey decided to address the growing concerns of the Sushi community using an FAQ format which he claims […]
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SushiSwap, a decentralized exchange (DEX), recently appointed Jared Grey as its Head Chef. But shortly after his election, Grey is faced with heaps of accusations. Unfortunately, the level of allegations has been raging another storm for the DEX ecosystem and community. Related Reading: Bitcoin For Bombs: North Korea Uses Stolen Crypto To Fund Its Nuclear […]
Despite the fact that a bankruptcy Judge in Texas ordered disgraced Mt. Gox CEO Mark Karpeles to the United States for questioning, it would not surprisingly appear as if Karpeles is unable to make it here. Judge Stacey Jernigan demanded Karpeles appear if the company wanted bankruptcy protection, but Karpeles' lawyers cited a FinCEN (Financial Crimes Enforcement Network) subpoena as the reason for the no-show. That subpoena called for Karpeles to show up in Washington, D. C. on Friday to testify. "Mr. Karpeles is now in the process of obtaining counsel to represent him with respect to the....
The Mt. Gox maelstrom is starting to attract attention from law enforcement in Japan and the US. According to the Wall Street Journal, Mt. Gox has been subpoenaed by the US Attorney's office in New York. Additionally, a few thousand miles west, Japanese officials have confirmed that local authorities are looking into the matter, too. The Wall Street Journal cites an unnamed source, which revealed the federal subpoena was sent this month. Details are rather thin on the ground and at this point in time it remains unclear when the subpoena was sent, or what it is all about. In any case,....
The US Securities and Exchange Commission (SEC) has filed a lawsuit against an ex-employee of the demised cryptocurrency mining outfit GAW Miners. The Federal Agency has accused Carlos R. Garza of violating a subpoena in relation to their ongoing investigation into GAW Miners and its CEO Josh Garza. The investigation is to know whether the company was engaged in fraud by selling unregistered securities through Hashlet mining products and cryptocurrency PayCoin. SEC is also investigating whether GAW was a Ponzi company, as reported by many of its investors. According to the legal notice....
Tidbit was a project designed by four Massachusetts Institute of Technology (MIT) students who developed the software for a hackathon back in November 2013. The purpose of the software was to be a substitute for website advertisements, allowing sites to instead monetize visits by using the visitor computer to mine Bitcoins. However, no Bitcoins were ever mined because the mining function of the software code was never operable. Back in December 2013, the New Jersey's Division of Consumer Affairs issued a subpoena and information request to one of Tidbit's developers, seeking extensive data....