ChainCatcher news, according to Cointelegraph, Andrew Left, the founder of financial research firm Citron Research, pleaded not guilty to several securities fraud charges on July 26. Left attended a 40-minute hearing at a federal court in Los Angeles, where Judge Rozella Oliver ordered him to pay a $4 million unsecured bond and a $1 million secured bond. A trial date for Left is set for September 24.Previous news, Andrew Left, the founder of Citron Research, has been charged by the SEC with securities fraud, accused of misleading retail investors to profit $16 million through "pump and dump" stock recommendations.

ChainCatcher news, according to Cointelegraph, Andrew Left, the founder of financial research firm Citron Research, has been charged with securities fraud, allegedly misleading retail investors to profit $16 million through "bait and switch" stock recommendations.The U.S. Securities and Exchange Commission charged on July 26 that Left is a strong cryptocurrency skeptic who used social media and television appearances to promote stocks in which he held short or long positions. This created a false impression, and in many cases, his actions were exactly the opposite.The regulator added, "This fraudulent conduct deceived investors and allowed Left to use his Citron Research reports and tweets as catalysts to reap short-term profits."It is reported that in February, after the cryptocurrency exchange temporarily halted on February 28, Left's Citron called for shorting Coinbase stock.

ChainCatcher news, according to Reuters, the U.S. Securities and Exchange Commission (SEC) has sued the crypto bank Silvergate Capital in a federal court, accusing it of securities fraud.The SEC stated that after the collapse of FTX in 2022, Silvergate misled investors regarding its banking confidentiality practices, anti-money laundering compliance program, and poor financial condition. Meanwhile, the bank failed to monitor nearly $9 billion in suspicious transfers related to FTX and its affiliated entities.It is reported that in March 2023, Silvergate, which entered the cryptocurrency space in 2013, decided to cease operations and voluntarily liquidate due to losses caused by the panic following the collapse of FTX.

ChainCatcher news, according to Cointelegraph, GMP call option holder Martin Radev filed a lawsuit against Roaring Kitty on June 28 in the Eastern District of New York through his law firm Pomerantz, accusing him of orchestrating a "pump and dump" scheme through a series of social media posts starting from May 13.Former federal prosecutor and founding partner of Dynamis LLP, Eric Rosen, stated that the lawsuit was "doomed to fail from the start." The claim that "Roaring Kitty should have disclosed his intention to sell options" does not hold up in court, as no "rational person, let alone a rational investor," would expect Roaring Kitty to hold all options until the expiration date.

ChainCatcher news, according to CoinDesk, Terraform Labs and its co-founder Do Kwon filed a motion with the court to dismiss the U.S. Securities and Exchange Commission (SEC) allegations of their involvement in billions of dollars of securities fraud.He stated that the SEC has not proven that it is offering securities and has not provided reasons for its claims of offering unregistered securities. After two years of investigation, and following the end of the discovery period, the SEC heard over 20 testimonies and exchanged more than 2 million pages of documents and data, but it is clear that it still cannot prove any wrongdoing by the defendants.

ChainCatcher news, ABCDE Labs stated on social media that BMAN established the BISS exchange in 2019. Due to the innovative product "buying stocks with cryptocurrency" involving securities trading, BMAN assisted relevant authorities in the investigation at the end of 2019. After a comprehensive investigation lasting 37 days, it ultimately concluded with BISS ceasing operations and BMAN and the team being released without charges.ABCDE Labs stated that the claims in the screenshot alleging BMAN "was imprisoned for securities fraud" and "operated a Ponzi scheme" are malicious fabrications.

ChainCatcher news, the Texas Securities Commission has accused the cryptocurrency lending platform Abra (Plutus Financial), Abra Boost, Plutus Lending, and founder William Barhydt of misleading the public and committing securities fraud, and has issued an emergency cease and desist order. The Texas Securities Commission stated that the company has been insolvent since at least March 31, 2023. Abra offered investments in Abra Earn and Abra Boost, but these investment products contained misleading statements.Regulators claimed that Abra Trade and the defendant Plutus Lending have been secretly transferring assets to Binance, with assets valued at $118,581,732 as of February 2023. Abra has less than $30 million in assets at Babel Finance, $8.8 million in assets at Auros Tech Limited, $30 million in assets at Genesis, and $10 million in assets at Three Arrows Capital, all of which are undergoing various liquidation or bankruptcy proceedings. (source link)

ChainCatcher news, the lawyer for former Terraform Labs CEO Do Kwon stated that the U.S. Securities and Exchange Commission (SEC) allegations of securities fraud against Do Kwon and Terraform Labs Pte are unfounded, partly because the stablecoin involved is a currency, not a security. The lawyer argued for the judge to dismiss the lawsuit, stating that U.S. law prohibits regulatory agencies from asserting jurisdiction over digital assets in this case under federal securities law. (source link)

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit in the Southern District of New York, accusing Singapore-based Terraform Labs and Do Kwon of orchestrating a multi-billion dollar cryptocurrency securities fraud involving algorithmic stablecoins and other cryptocurrency securities, in violation of the registration and anti-fraud provisions of the Securities Act and the Exchange Act. (Source link)

According to ChainCatcher, citing sources familiar with the matter, the charges against SBF include wire fraud, conspiracy to commit wire fraud, securities fraud, conspiracy to commit securities fraud, and money laundering. Additionally, the source mentioned that SBF is the only person charged in the indictment and has been detained by Bahamian authorities.Previous news, U.S. Attorney for the Southern District of New York, Damian Williams, stated that the indictment is expected to be made public on Tuesday morning (local time in the U.S.), at which point more information will be disclosed. (New York Times)

According to Chain Catcher news, as reported by PR Newswire, Kessler Topaz Meltzer & Check, LLP stated that Coinbase Global, Inc. ("Coinbase," NASDAQ: COIN) violated federal securities laws, including omissions and fraudulent misstatements related to the company's business, operations, and prospects.Specifically, the firm believes that Coinbase made false or misleading statements or failed to disclose that Coinbase insiders suddenly increased their holdings of Coinbase Class A common stock in the registration statement and other documents submitted to the SEC related to the company's public offering in April 2021. On the first day of public trading for Coinbase stock on April 14, 2021, several Coinbase insiders sold over 7 million shares of Coinbase Class A common stock, including more than 1.3 million shares at the opening of the day, collectively generating over $2.7 billion from such sales.It is reported that Kessler Topaz Meltzer & Check, LLP is urging Coinbase investors to seek appointment as lead plaintiff in the class action through this law firm or other attorneys no later than October 3, 2022. (prnewswire)