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<p>Do you remember that Sam Bankman-Fried dude? The founder of FTX who got himself into a whole heap of trouble? The guy got slapped with a 25-year sentence for pulling off some major fraud and conspiracy that tanked his whole cryptocurrency exchange. Talk about a spectacular fall from grace.</p><p>Related: <a href="https://hodl.fm/sbf-sentencing-impact-crypto" rel="noopener noreferrer nofollow">Judge Convicts Former FTX CEO Sam Bankman-Fried to 25 years in Multi-billion Fraud Case</a></p><p>But you know what they say: the rest of the industry must watch out when one crypto king falls. Since the FTX fiasco, the regulatory honchos have been cracking down hard on the crypto world. They&#39;re trying to clean up this wild west of an industry, which means we&#39;re about to see some major court cases go down. So, if you&#39;re a crypto fanatic like me, you&#39;ll want to keep your eyes open for the upcoming big cases that might shake up the crypto space.</p><h2 id="header-0">Case 1: TerraUSD and Luna Collapse - Do Kwon on Trial</h2><p>You know that whole mess with the &#34;stablecoin&#34; that wasn&#39;t so stable? I&#39;m talking about the TerraUSD and Luna disaster that rocked the crypto world in May 2022. Yeah, that one where around $40 billion just went poof into thin air! Crazy stuff, right?</p><p>So here&#39;s the tea – the bigwigs at the Securities and Exchange Commission (SEC) are accusing this dude named Do Kwon and his company, Terraform Labs, of basically selling snake oil to investors. They&#39;re saying that Kwon and his crew misled everyone about how stable their beloved TerraUSD (UST) was.</p><h3 id="a-href-https-hodl-fm-crypto-legal-battles-future-rel-noopener-noreferrer-nofollow-read-more-on-hodl-fm-a"><a href="https://hodl.fm/crypto-legal-battles-future" rel="noopener noreferrer nofollow">READ MORE ON HODL.FM</a></h3>

Top Crypto Court Cases to Watch Post-SBF Sentencing

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Altri articoli pubblicati su 23 apr 2024

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