🚨 Today's Crypto Highlights: Legal Drama, Hacks, and Market Moves! 🚨

1. Legal Wins and Losses:

💼 SEC vs. Hex Founder: The SEC’s $1B lawsuit against Richard Heart, founder of Hex, was dismissed. The judge cited a lack of U.S. jurisdiction.

⚖️ Crypto Fraud Conviction: Douglas Kim was found guilty of defrauding investors of $7M in a San Francisco-based crypto scheme.

🏧 Illegal Crypto ATM Operation: The UK sentenced Olumide Osunkoya to 4 years for running unregistered crypto ATMs processing £2.5M.

2. 💥 Largest Crypto Heist Ever:

The FBI blames North Korean hackers for the $1.5B Ethereum theft from Bybit Exchange. The stolen funds are being laundered to support North Korea’s nuclear program.

3. 📉 Market Movements:

Bitcoin: Ongoing volatility might continue until April.

Ethereum: $2M allocated by the Ethereum Foundation to advance blockchain research.

4. 🛑 Regulatory Buzz:

The MEME Act could ban public officials from issuing memecoins like TRUMP.

5. 📅 Industry Event:

Consensus 2025: CoinDesk’s annual crypto summit in Austin, Texas, will focus on the future of crypto and DeFi.

👉 Stay informed, invest wisely, and watch the market closely!

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