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SEC Freezes Assets of Church for Selling Unregistered ‘God-Backed’ Crypto Token

SEC Freezes Assets of Church for Selling Unregistered ‘God-Backed’ Crypto Token

Last updated: January 20, 2024 04:25 EST | 2 min read Image Source: PixabayColorado-based pastor Eligio “Eli” Regalado and his wife, Kaitlyn, are facing legal action after allegedly defrauding investors of millions of dollars through the sale of an unregistered crypto token, called INDXcoin. The token was marketed to devout Christians as a “God-backed” digital […]

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Tether Freezes 161 Ethereum Wallets and Over 3.5 Million USDT Tokens

Tether Freezes 161 Ethereum Wallets and Over 3.5 Million USDT Tokens

Tether, the organization behind the widely-used stablecoin USDT, has taken a proactive stance in compliance with United States sanctions. The company recently announced the freezing of 161 Ethereum wallets, a move that aligns with the U.S. Office of Foreign Asset Controls (OFAC) list of sanctioned individuals. Tether Takes Proactive Stance in Compliance with US Sanctions

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