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Telegram's financial stability has reportedly been supported by gains in cryptocurrency, as its founder faces legal challenges. Meanwhile, the U.S. Securities and Exchange Commission has filed a lawsuit against Eng Taing and his company, Touzi Capital LLC, for allegedly misleading investors regarding the allocation of funds intended for debt rehabilitation and crypto asset-mining ventures. Additionally, a jury in the U.S. District Court for the Southern District of New York ordered over $4.5 billion in remedies after finding Terraform Labs and its founder, Do Kwon, liable for civil fraud in April. In a related case, FTX co-founder Gary Wang has avoided prison time due to his cooperation with prosecutors in the ongoing investigation into the multibillion-dollar fraud at the cryptocurrency exchange.
FTX co-founder Gary Wang has been spared from prison over his role in the multibillion dollar fraud at the cryptocurrency exchange after prosecutors praised his early cooperation in the case. Bloomberg's Ava Benny-Morrison has the story https://t.co/KhCxLVIaCt https://t.co/kgX5Yb2Ak5
FTX co-founder Gary Wang has been spared from prison over his role in the multibillion dollar fraud at the cryptocurrency exchange after prosecutors praised his early cooperation in the case. Bloomberg's Ava Benny-Morrison has the story https://t.co/kRIZaoAjqk https://t.co/Ww2Hhse7Ky
More than $4.5 billion in remedies were ordered after a jury in the U.S. District Court for the Southern District of New York jury found cryptocurrency company Terraform Labs and its founder Do Kwon liable for civil fraud in April. https://t.co/LMt8EMXsZu
