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Latest from Nikhilesh De
SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme
The SEC alleges that the scheme raised money from over 200,000 investors worldwide, many of them Haitian-Americans, following a similar suit filed in June by the New York Attorney General.

Do Kwon’s Extradition from Montenegro Postponed Yet Again
Kwon has been held in the Balkan country since his arrest in March 2023.

Did Sanctioning Tornado Cash Work?
A new report from the New York Fed suggests it did – with some important caveats.

Brazil’s Securities and Exchange Commission Approves Solana-Based ETF
The product now has to be approved by the local stock exchange, B3.

Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case
The SEC appeared likely to appeal the overall case.

Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang
The criminal group used a company that functioned as a crypto exchange.

Crypto PAC Fairshake Claims Another Win Against Elizabeth Warren Ally With Bush Loss
The Missouri primary defeat of Rep. Cori Bush marks the latest example of the industry's millions opposing candidates favored by Warren, with whom the sector is waging open warfare.

Ethereum Entities Largely Complied With Tornado Cash Sanctions, NY Fed Paper Says
Though Tornado Cash still sees some transaction volume, most validators are cooperating with sanctions, the paper said.

Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion.

Crypto Industry Tries to Tally Final Wins As U.S. Congressional Primaries Wind Down
Its favored Arizona candidate, Yassamin Ansari, is heading into a recount with only a 42-vote lead, but the sector's campaign operatives now turn to Missouri and Washington state.
