Legal & Regulatory

Terraform Labs Settles SEC Lawsuit for $4.47 Billion After Investor Loss

Terraform Labs Settles SEC Lawsuit for $4.47 Billion After Investor Loss

Terraform Labs agrees to a $4.47 billion settlement with the SEC for investor asset loss, with co-founder Do Kwon also facing penalties and restrictions following determinations of fraud, impacting the cryptocurrency industry.


Japan Enacts Legislation Mandating That Google, Apple Permit Use of Third-Party Apps

Japanese legislation penalizes digital corporations like Google and Apple that don't allow third-party applications and payment systems.

2 Russian-Born American Citizens Arrested for Conspiring to Illegally Smuggle Snowmachines From US to Russia

Two Russian-born American citizens were arrested for attempting to illegally export $500,000 worth of snowmachines from the US to Russia via China.

Korean Fair Trade Commission Probes Kakao Entertainment Over Alleged Unfair Music Distribution Fees

The Korean Fair Trade Commission launches an on-site probe into Kakao Entertainment amid allegations of biased music distribution fees, following claims from industry insiders and K-pop agencies about preferential treatment towards subsidiary labels.


Latest News

Megabus Operator Coach USA Files for Bankruptcy, Seeks Sale of Business
Coach USA, the company behind Megabus and several commuter bus lines in the US and Canada, has filed for bankruptcy protection in Delaware.
Former SpaceX Employee Claims She Had Sex with Elon Musk, According to Report
An exclusive report by the Wall Street Journal reveals several claims from some female SpaceX employees saying that CEO Elon Musk made advances to them, some of it even involving sexual intercourse.
Raytheon Faces Legal Action Over Alleged Age Discrimination in Hiring
A 67-year-old Virginia man filed a lawsuit against Raytheon, alleging age discrimination in hiring practices.
Hunter Biden Faces Sentencing and Upcoming Tax Trial Amidst Father's Reelection Campaign
Hunter Biden, son of President Joe Biden, faces sentencing and an upcoming tax trial amidst his father's reelection campaign, following his conviction on three felony gun charges.
INTERNET-MEDIA-YOUTUBE-FEATURE
Tech watchdogs demand a DOJ probe into YouTube's unfair competitiveness, citing its pre-installation advantage in smartphones and TVs.
Banker Mimi Monica Wong, 61 leaves her a
Mimi Wong, a former HSBC executive, wins a lawsuit after suing dance instructors for HK$62 million in prepaid fees, alleging public insults and calling her a "lazy cow."
HONG KONG-CHINA-ECONOMY-TRANSPORT
EU will impose tariffs on Chinese EVs, following the footsteps of the US, but EU automakers fear retaliatory measures that will impact stocks.
Chiquita Brands Ordered to Pay $38.3 Million for Funding Paramilitary Group in Colombia
Chiquita Brands has been ordered by a federal jury in Florida to pay $38.3 million to 16 family members of victims killed by a paramilitary group it funded during Colombia's civil war.
Two Texas Men Get More Than 3 Years in Prison for Conspiracy to Sell Iranian Oil to China
Two Texas men were sentenced to 45 months in prison for trying to sell Iranian oil to a refinery in China in violation of US sanctions.
US Is Pursuing Nearly $200,000 USDT From Binance That Was Part of $1 Million Pig-Butchering Scam
The US government has filed a forfeiture complaint to reclaim nearly $200,000 of tether (USDT) from Binance, which was linked to pig-butchering scams that stole over $1 million.
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