Kim Kardashian Settles SEC Charges, Binance BNB Chain Hit By $570 Million Hack
Kim Kardashian settles charges with the SEC for promoting EMAX tokens, Celsius court docs reveal customer data, and more.
Kim Kardashian to pay $1.26 million for violating U.S. federal securities laws
Last week, the Securities and Exchange Commission (SEC) charged Kim Kardashian $1.26 million for promoting EMAX tokens–a crypto asset offered by EthereumMax–without disclosing a $250,000 payment for the Instagram ad. In addition to paying the fine, Kardashian agreed to not promote any crypto asset securities for three years. [1]
The SEC has urged caution regarding potentially unlawful celebrity-backed crypto asset offerings, and SEC Chair Gensler warns investors not to make investment decisions based solely on celebrity and influencer endorsements.
Court docs reveal the data of Celsius customers
Publicly available court documents filed on Oct. 5 in connection with Celsius' bankruptcy proceedings revealed customer data concerning thousands of the company's customers. Customers’ addresses are redacted, but customer names, amounts, types, descriptions and timing of transactions are included, as well as USD amounts and cryptocurrency types used. [2] This has fueled a “general unease in the crypto community” and concerns about doxxing on-chain activity.
Binance hit by $570 million hack
Cryptocurrency exchange Binance is the latest victim of hackers targeting vulnerabilities in cross-chain bridges. Binance said that a cross-chain bridge linking with its BNB Chain was exploited, enabling hackers to withdraw 2 million BNB tokens off the network. According to a statement, Binance was able to minimize the loss and will introduce a new on-chain governance mechanism on the BNB Chain to “fight and defend future possible attacks.” [3]
In case you missed it:
- EU regulators ban cross-border payments from Russian crypto accounts
- Celsius’ top 3 execs cashed out $42M in crypto before bankruptcy
- Mastercard looks to make buying crypto safer with risk assessment tool
Sources
- SEC Charges Kim Kardashian for Unlawfully Touting Crypto Security
- Court Docs Reveal Details About Thousands of Celsius Customers
- BNB Chain Ecosystem Update
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