Alleging violations of the Bank Secrecy Act, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) filed a civil suit against BTC-e founder Alexander Vinnik on July 25, seeking to recover more than $88 million in customer funds from the exchange and $12 million in from Vinnik personally.
A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.
On Thursday, Sun wrote an abject, public apology on his Chinese Weibo account for “over-marketing” his high-profile lunch with Berkshire Hathaway chairman and CEO Warren Buffett. Two months ago, Sun spent $4.6 million in a charity auction to win the lunch with the legendary investor, and has been hyping it by inviting his seven allotted guests one at a time via Twitter.
It’s been a strange week covering Tron. What was supposed to be a conversation with legendary investor Warren Buffett on the merits of building the new global economy with cryptocurrency quickly devolved into a non-event. The planned $4.6 million charity lunch was abruptly cancelled due to Justin Sun’s health concerns.