{"id":18413,"date":"2025-12-21T12:43:55","date_gmt":"2025-12-21T12:43:55","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sec-proposes-ftx-insider-settlements-south-korean-crypto-counterfeit-ring-busted-poland-revives-crypto-bill-weekly-recap\/"},"modified":"2025-12-21T12:44:53","modified_gmt":"2025-12-21T12:44:53","slug":"sec-proposes-ftx-insider-settlements-south-korean-crypto-counterfeit-ring-busted-poland-revives-crypto-bill-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sec-proposes-ftx-insider-settlements-south-korean-crypto-counterfeit-ring-busted-poland-revives-crypto-bill-weekly-recap\/","title":{"rendered":"SEC proposes FTX insider settlements, South Korean crypto counterfeit ring busted, Poland revives crypto bill | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">In this week\u2019s edition of the weekly recap, the Securities and Exchange Commission (SEC) proposed settlement agreements for Sam Bankman-Fried\u2019s former associates whose testimony secured his conviction.<\/p>\n<div id=\"cn-block-summary-block_1ce25d810973cf49828d8087a854770e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SEC proposed settlements for former FTX executives who testified against Sam Bankman-Fried.<\/li>\n<li>South Korean police busted a fake currency ring targeting crypto traders in in-person deals.<\/li>\n<li>Poland\u2019s parliament revived comprehensive crypto legislation after an earlier rejection.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Additionally, law enforcement in South Korea dismantled a criminal operation using counterfeit currency to defraud cryptocurrency traders and Poland\u2019s parliament revived comprehensive industry legislation.<\/p>\n<h2 class=\"wp-block-heading\">SEC offers settlements to FTX cooperating witnesses<\/h2>\n<ul class=\"wp-block-list\">\n<li>The Securities and Exchange Commission proposed Friday settlement agreements for key members of Sam Bankman-Fried\u2019s inner circle whose testimony proved critical during his criminal trial proceedings.<\/li>\n<li>These proposed resolutions address regulatory charges against individuals who cooperated with prosecutors in building the case against the former FTX CEO.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">South Korean police dismantle counterfeit currency scheme<\/h2>\n<ul class=\"wp-block-list\">\n<li>Authorities in South Chungcheong province are prosecuting a criminal group that manufactured fake Korean won bills to defraud cryptocurrency traders during in-person exchanges.<\/li>\n<li>Police discovered 9,188 counterfeit 50,000-won notes valued at approximately 459.4 million won ($330,000) in the suspects\u2019 possession last year according to Chosun Ilbo reporting.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Polish parliament advances cryptocurrency regulation<\/h2>\n<ul class=\"wp-block-list\">\n<li>The Sejm passed Thursday comprehensive crypto industry legislation by 241-vote approval.<\/li>\n<li>The Crypto-Asset Market Act remains unchanged from the version rejected earlier this month according to the Sejm\u2019s press office confirmation.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Coinbase challenges state prediction market restrictions<\/h2>\n<ul class=\"wp-block-list\">\n<li>The cryptocurrency exchange filed federal lawsuits in Connecticut, Michigan, and Illinois challenging state attempts to prohibit prediction markets under gaming regulations.<\/li>\n<li>Legal complaints seek declaratory and injunctive relief arguing that prediction markets fall exclusively under Commodity Futures Trading Commission jurisdiction rather than state gaming boards.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Ethereum developers name 2026 upgrade roadmap<\/h2>\n<ul class=\"wp-block-list\">\n<li>Core development teams officially <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=_KGsKUeH77g\" target=\"_blank\" rel=\"nofollow\">designated<\/a> the network\u2019s next upgrade as \u201cHegota,\u201d defining the 2026 development cycle within the blockchain\u2019s twice-yearly release schedule.<\/li>\n<li>The name blends the execution layer\u2019s \u201cBogota\u201d upgrade, following Devcon host city naming traditions, with the consensus layer\u2019s \u201cHeze\u201d star designation.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bybit returns to UK market operations<\/h2>\n<ul class=\"wp-block-list\">\n<li>The exchange announced Thursday it resumed United Kingdom services including spot trading on 100 currency pairs, two years after stricter promotional and marketing regulations forced its departure.<\/li>\n<li>The platform serving approximately 80 million users worldwide restarted operations under updated compliance frameworks addressing UK regulatory requirements.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Terraform Labs liquidator sues Jump Trading<\/h2>\n<ul class=\"wp-block-list\">\n<li>Court-appointed plan administrator Todd Snyder filed suit seeking $4 billion in damages from Jump Trading, co-founder William DiSomma, and former president Kanav Kariya for the firm\u2019s 2022 multibillion-dollar collapse.<\/li>\n<li>The Wall Street Journal reported the legal action targets Jump Trading\u2019s role in the Terra ecosystem failure, with the company confirming the lawsuit through social media communications.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Annual cryptocurrency theft exceeds $3.4 billion<\/h2>\n<ul class=\"wp-block-list\">\n<li>Blockchain intelligence firm Chainalysis reported that cryptocurrency theft totaled over $3.41 billion from January through early December.<\/li>\n<li>The $1.5 billion Bybit exchange hack accounted for approximately 44% of the annual total, with the top three incidents representing 69% of all service losses.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Indian regulators approve Coinbase-CoinDCX investment<\/h2>\n<ul class=\"wp-block-list\">\n<li>The Competition Commission of India approved Tuesday Coinbase Global\u2019s proposed minority stake acquisition in DCX Global Limited, the parent company of local exchange CoinDCX.<\/li>\n<li>The approval follows CoinDCX\u2019s recovery from a $44 million security breach that required substantial user compensation efforts.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Coinbase unveils comprehensive platform expansion<\/h2>\n<ul class=\"wp-block-list\">\n<li>The exchange revealed Wednesday during a livestreamed event that U.S. customers will gain access to traditional stock trading alongside over a dozen new and updated products.<\/li>\n<li>Platform enhancements span prediction markets, Solana-based decentralized finance integration, and end-to-end infrastructure for creating real-world asset digital representations.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Visa extends stablecoin settlement to United States<\/h2>\n<ul class=\"wp-block-list\">\n<li>The payments giant expanded its stablecoin pilot to include U.S. settlements using Circle\u2019s USDC on the Solana (SOL) blockchain.<\/li>\n<li>Initial banking partners Cross River Bank and Lead Bank will enable U.S. acquirer and issuer partners to settle in USDC, with broader rollout expected throughout 2026.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Strategy maintains billion-dollar Bitcoin purchases<\/h2>\n<ul class=\"wp-block-list\">\n<li>Strategy announced its second consecutive week of nearly $1 billion Bitcoin (BTC) acquisitions, adding 10,645 BTC for $980.3 million at an average price of $92,098 per coin.<\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s edition of the weekly recap, the Securities and Exchange Commission (SEC) proposed settlement agreements for Sam Bankman-Fried\u2019s former associates whose testimony secured his conviction. Summary SEC proposed&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18413"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18413\/revisions"}],"predecessor-version":[{"id":18414,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18413\/revisions\/18414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1730"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}