Feb 2023 Crypto Industry Updates

Table of Contents

Content will be sorted chronologically with latest at the bottom.

  • SEC sues Do Kwon and Terraform Labs for fraud
    • charged with orchestrating a multi-billion-dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities
  • Paxos to stop issuing new BUSD at the direction of the New York Department of Financial Services (NYDFS) [21 Feb 2023]
    • ending its relationship with Binance for the branded stablecoin BUSD.
    • BUSD will continue to be redeemable through at least February 2024 for U.S. dollars or Paxos' own stablecoin, Pax Dollar

Started investing in crypto towards the end of 2020.