Malicious actors pretended to be officials from South Korea's National Pension Service, National Health Insurance, National Tax Service and National Police Agency to send phishing emails to recipients.
Zhao and the crypto exchange he founded, Binance, pleaded guilty to the DOJ's charge of one count of violating the Bank Secrecy Act.
Do Kwon must serve his sentence in Montenegro before the extradition takes place.
Changpeng Zhao created a buzz on Tuesday when he announced that he was stepping down as the CEO of Binance, and now he is under fire.
The delisting, which takes effect from Friday, is a bold move as it reflects the exchange's commitment to its Special Treatment Rules, which disqualifies the affected tokens and essentially removes them from the platform.
This was the second time the exchange was hacked after being rebranded as HTX in September.
Bankman-Fried is seemingly adapting well to this new chapter of his life. The fallen crypto mogul is trading mackerel fish to pay for prison services, a report said.
In a presentation shown at the meeting, BlackRock, like ARK Invest, leaned toward a Bitcoin exchange-traded fund (ETF) that uses in-kind creations and redemptions, which goes against the reported recommendations of the commission to BTC ETF applicants.
Grayscale's revised spot Bitcoin ETF filing came after a meeting with the major Wall Street regulator on Monday.
Days before the historic settlement with the U.S. Department of Justice, Binance transferred $3.9 billion in Tether between its wallets, raising suspicions in the cryptocurrency industry.
While the former crypto kingpin's camp argued that the New York District court failed to consider that his activities were part of his freedom of speech, which is protected by the First Amendment, the appellate court upheld the decision, saying witness tampering "falls outside the zone of constitutional protection."
In the latest court filing, the SEC identified Cardano (ADA), Axie Infinity (AXS), Algorand (ALGO), Cosmos (ATOM), Chiliz' CHZ, COTI, Dash (DASH), FIL, FLOW, ICP, Decentraland's MANA, Polygon's MATIC, NEAR, OMG, Sandbox's SAND and Solana (SOL) as securities
To support their claims, the plaintiffs cited the Apple App Store Guidelines, where one of the rules stated that apps can engage in crypto transactions only via approved exchanges and in regions that have allowed the app licenses and permissions.
Binance and Zhao were presented with a settlement agreement by the DOJ as part of a move to not push for a trial and allow the exchange to continue with its operations instead of succumbing to a potential collapse.
CZ has been at the center of the storm over the past years because of investigations conducted by different financial and regulatory authorities not only in the U.S. but also in other parts of the world.
Zhao also announced the new CEO of Binance, whom he described as a "highly qualified leader" with decades of financial and regulatory experience.
Powell, who stepped down from his post as the CEO of the exchange this year, called the SEC "masochists" and labeled its latest enforcement action "another assault."
The settlement announcement could happen by the end of this month, indicating that both parties are currently engaged in ongoing communication.
Kraken denied the allegations and said it would "vigorously" defend its position while informing its customers that the lawsuit has no impact on its offering.
ETF analysts believe that the latest update on spot Bitcoin ETF prospectus is a positive move that means the firm and the SEC are actively communicating.
While rumors of an imminent SEC approval on the spot Bitcoin ETF filings spread like wildfire online and triggered bullish sentiment, particularly on BTC, it looks like the financial regulator is not yet ready to allow a crypto vehicle to be available this year.
On top of his appeal's rejection, authorities in South Korea and the U.S. also have warrants and charges filed against him in connection with Terra's implosion.
Bitcoin surged to an 18-month high last week when it traded above the $37,000 price level as industry analysts revealed that the commission has an eight-day window to approve all spot BTC ETF applications.
Unlike BlackRock's spot ETH ETF filing, Fidelity's application did not trigger a massive surge in the price of Ether since the crypto asset was on a downtrend when the news broke.
Aside from debunking one of the "many lies" of Bankman-Fried, Harrison also noted that there were several "sound and promising businesses" being built prior to FTX's bankruptcy but "Sam destroyed it all."
During an interview, the ARK Invest founder said, "There's speculation that he's interested in the Treasury Secretary position at some point. What does the Treasury Secretary do? Very focused on the dollar."
The crypto market was surprised earlier this week when a regulatory filing surfaced online showing that BlackRockis pursuing an XRP exchange-traded fund (ETF).
It is considered the largest amount of liquidated longs in just 24 hours since Aug. 17, when Bitcoin nosedived from the $28,000 threshold to around $25,000 in just a matter of minutes.
A crypto analyst believes that the recent dip in BTC's price creates an entry point for altcoins.
BlackRock said stablecoins' volatility has "apparently impacted" the value of Bitcoin and given that it is a "relatively new phenomenon," it is "impossible to know all of the risks" they could pose to players in the Bitcoin market.
