⚡️Hamster Academy⚡️
Hey Hamsters! 🐹 Today, we’re diving into 4 of the biggest crypto lawsuits in history — from Binance to Do Kwon and a few others in between. Stories are filled with high stakes and hard-hitting consequences, starting with Gemini’s $3 billion fraud case. Prosecutors accused Gemini, led by the Winklevoss twins, of misleading customers about the risks of high-interest crypto accounts. Next up, Do Kwon and the infamous Terra crash, which caused $40 billion in losses for crypto holders, leading to a $4.5 billion settlement. We also dive into Binance’s $4.3 billion settlement, where the SEC charged them with illegal transactions and money laundering violations, resulting in CZ stepping down. Lastly, Ripple faced a lawsuit over XRP being sold as unregistered securities, leading to a $125 million penalty. So, Hamsters, as we follow these legal sagas, remember that in the ever-evolving world of crypto, ethical practices and adherence to regulations are non-negotiable. That’s all for today! Subscribe and remember: Hamsters are power 💪
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