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Do Kwon, Terraform Labs' co-founder, is expected to be extradited from Montenegro back to the United States to face multiple charges of criminal offenses related to Terraform Labs' collapse and other crimes. Terraform Labs is requesting that a jury decide the status of their tokens which have been labeled securities by the U.S. Securities and Exchange Commission. The legal battle continues but the SEC has been accused of serious misconduct.

Do Kwon to be Extradited To the U.S.

Do Kwon, Terraform Labs' co-founder, will reportedly face extradition to the United States rather than South Korea in order to answer a number of criminal charges relating to the collapse Terraform Labs. This is because Justice Minister Andrej Milovic of Montenegro plans to grant an extradition request from U.S. officials. Kwon was sentenced to 4 months in jail for falsifying travel documents in Montenegro and arrested there in March. He now faces even more trouble in America, where he has been charged with 8 counts including commodities fraud and securities fraud. The SEC is also stepping in to make things worse. In February, the regulator charged Kwon for "defrauding crypto scheme investors".

The collapse of Terraform Labs, in May 2022, was a pivotal event that led to a massive downturn on the cryptocurrency market. During this time, TerraUSD (UST), which was pegged to the U.S. Dollar, depreciated, causing a wave financial instability. Terraform Labs collapse forced several well-known firms to declare bankruptcy, including Voyager Digital BlockFi Celsius Network and FTX.

Do Kwon was in the shadows before his arrest in Montenegro. Many speculated that Terraform Labs' co-founder Do Kwon was in Singapore. Legal experts do not rule out the possibility that Kwon could face additional charges in South Korea, even though it seems as if he will be facing U.S. officials first. Kwon, however, has always denied being involved in any fraudulent activities.

Andrej Milovic, the Justice Minister, has stated that an official announcement will be made "in a timely fashion" regarding Kwon’s extradition.

Let the jury decide...

Terraform Labs - the company that created the Terra stablecoin and cryptocurrency LUNA - has asked a New York court to allow a jury determine the regulatory status for the tokens. The SEC, on the other hand, wants the judge to decide this.

In February, the SEC filed a suit against Terraform Labs, Do Kwon, and other companies, alleging they had raised substantial funds through "the offering and selling of a suite of interconnected crypto asset securities. Many of these transactions were unregistered."

David Kornblau's letter to Judge Jed Rakoff argued that a jury should decide whether or not "the SEC has proven its burden" that UST tokens, LUNA tokens, wLUNA tokens, and MIR are securities. The SEC had previously argued against the request, stating that it was very rare for juries to decide whether or not something is an investment contract.

Numerous legal battles have been fought between the SEC, and crypto firms over the classification of cryptocurrencies as securities. If a token is deemed to be an investment contract by the SEC, it must register and disclose specific information to investors.

Terraform Labs requested that the judge grant a summary judgement in favor of defendants, rather than proceeding with a full-blown trial. Terraform Labs has requested that if the judge doesn't grant a summary judgement, the matter is presented to a juror.

The company cited the precedent established by the 2021 Audet vs. Fraiser case, in which a jury found that four crypto assets weren't securities. The SEC responded by stating that it was the first time a jury had been asked to determine whether or not something was an investment contract. The SEC also insists that Terraform Labs' involvement in the sale securities is beyond doubt.

Terraform Labs may fight back

Terraform Labs claims that the SEC misled the court regarding digital licensing for the trading platform in the DEBT Box Case. This accusation follows arguments between November 17 and Nov. 30 in which the SEC is alleged to misrepresent evidence.

On the fifth day of trial, Judge Jed Rakoff banned legal experts who represented Terraform Labs. This certainly raised eyebrows, and increased suspicions about the SEC's behavior in this case. The SEC's actions in the DEBT Box matter have been criticized before. The regulatory body was criticized for convincing the court to issue a temporary restraining orders against the crypto company. According to reports, the SEC used false evidence as part of its tactics.

The SEC claimed that DEBT Box attempted to transfer its assets and investor funds abroad. In August, the court issued a restraining orders against the company. But subsequent investigations showed that these allegations were false.

In response to the revelations made by Judge Robert Shelby, he has asked the SEC to provide legitimate reasons for their deceptive acts, and warned of possible sanctions if it fails to do so.

Former BitMex CEO Arthur Hayes is known for his keen insights into market trends. He has hinted at the possibility of a new altcoin season. Solana (SOL), in particular, could surpass the $100 mark. Hayes shared his bullish predictions on social media. This has created a sense excitement and optimism in the crypto community. Hayes believes that SOL, currently trading at $65.57 could see a staggering growth of 66.6% in the next few days. This projection is made against the background of Solana’s impressive rally in the last two months. The cryptocurrency has seen a surge of more than 200% since mid October. Hayes' optimism about altcoins is becoming more relevant as Bitcoin (BTC), which continues to hit local highs, continues to rise. Market conditions are aligning with Hayes expectations.

Kamino Finance is preparing to launch a points-based program. This could pave the way for a future token airdrop. Kamino Finance is a leader in Solana's recent revival. Its native token SOL has seen a significant increase, and its value has more than tripled since mid-October. Marky, a contributor to the project who is known as Marky hinted recently at the launch of the points program. He suggested that it could be a key component in a future distribution. The specifics of Kamino’s points program are not disclosed, but it is in line with the broader trend within Solana’s DeFi ecosystem where points can be used to reward loyal users and gamify the usage, which will allow for community engagement and strategic planning. Kamino Finance is a leader in the Solana DeFi ecosystem, as evidenced by its rapid growth.

Former BitMex CEO Arthur Hayes Hints that Solana (SOL), which is a new altcoin, will surpass $100 in the upcoming Altcoin Season

Market trends are constantly changing in the world of cryptocurrency. Experienced traders and enthusiasts keep a keen eye out for potential opportunities. Arthur Hayes, the former BitMex chief executive, has been a prominent voice in recent events, hinting that an altcoin boom is imminent, with SOL possibly surging beyond the $100 mark. Hayes's anticipation, shared on social media, ignited excitement in the crypto community and set the stage for positive market movement this weekend.

Arthur Hayes, a crypto expert with a proven track record for accurate predictions and keen insight into the market trends, is not a stranger in the world of crypto. According to his latest projection, SOL (currently trading at $65.57) could see a staggering growth of 66.6% in the next few days. If this prediction is accurate, it could be a major milestone for Solana, the popular blockchain platform.

This forecast coincides with Solana's impressive rally in the last two months. SOL's impressive surge of more than 200% since mid-October has been astonishing. This impressive performance has captured not only the attention of experienced investors, but also the curiosity of those new to the crypto world. Arthur Hayes’ optimism is relevant in the current market environment, which favors altcoins. It also highlights the potential for a new altcoin season over the weekend.

BTC is currently priced at around $43,500. This provides context for the crypto-landscape. Hayes uses the robust performance of Bitcoin to support his predictions for altcoins such as Solana. Bitcoin being the bellwether for the crypto market makes the idea that altcoins will rise in tandem a compelling story.

Arthur Hayes is vocal in his expectation of a dynamic crypto market for December. His bullish outlook has been a source of respect and attention from both industry experts and enthusiasts. His accurate past predictions lend credence to the notion SOL, currently the darling in the crypto world, may indeed reach new heights over the weekend.

While the crypto community awaits Hayes' prediction, all eyes are on Solana and its tantalizing potential to break through the $100 barrier. Crypto enthusiasts and investors around the world are closely monitoring the market to see if there are any signs that could indicate an upcoming altcoin boom. This weekend is a great opportunity for those who want to take advantage of the market's anticipated movements. SOL has taken center stage as the crypto conversation continues.

Solana’s Kamino Finance to Launch Points-Based Program, Preparing Future Token

Kamino Finance, a protocol developed by Solana, has become the fastest growing protocol in the ever-evolving DeFi world. It is now ready to launch a points system that could be the beginning of an airdrop. This announcement has created a lot of excitement in the crypto community, and it sets the stage for Solana to continue its recent growth.

Kamino Finance, the leading player in the SOL resurgence, has been credited with the return of DeFi traders to Solana’s ecosystem. They are leveraging the on-chain trading, lending and yield-generating project, which is a part of Solana’s ecosystem.

A project contributor, using the pseudonym Marky, revealed news about Kamino Finance’s upcoming points system during a Twitter Spaces discussion. Marky suggested that the points could be a key component in future token distributions.

In recent years, Solana protocols have adopted more gamification strategies in order to reward and encourage their most loyal users. These points are often of great importance to the community as they will influence token allocations in future airdrops. As a consequence, traders are now strategically planning their trading activities, stakes, and yield farming to maximize their rewards.

The JTO airdrop, which is a liquid staking protocol based on Solana, is a recent example. Distribution of JTO tokens based on Jito points allocated more than 80% to early protocol participants. This approach encourages participation and fosters community within the Solana eco-system.

Kamino Finance is about to unveil its points program. The company, known for its vault-based products that maximize the yields of depositors who provide liquidity to different Solana DeFi trading platforms, has been recognized for its vault-based products. The protocol offers a range of services, including a borrow-and lend facility that will diversify its DeFi ecosystem.

Kamino Finance's rapid growth is reflected by its TVL. This metric measures the total amount of cryptocurrency held on the platform. Kamino Finance's TVL increased by 257% in just one month. This is the largest increase among protocols based on Solana with TVLs exceeding $10 million. Kamino TVL is now at almost $50 million as of Thursday. This highlights its importance in the Solana DeFi market.

The crypto community is eagerly awaiting more details on Kamino Finance’s points program. Investors and enthusiasts are closely watching the platform’s development. Kamino Finance is closely monitored by the DeFi ecosystem as it is preparing for the possibility of a token airdrop in the near future. This could very well be the beginning of the future decentralized finance system on the Solana Blockchain.

Kaspersky, a cyber-security company, has discovered a new type of malicious loader, which is a malware that loads and executes other malicious code, in this case, a Trojan, on the system infiltrated. This new loader targets macOS users.

The Trojan loader's alleged connection with the BlueNoroff APT group is alarming. It poses a serious threat to users from Russia, Poland Norway, India Mexico Australia Peru and other countries. They are also known for their affiliation with the North Korean hacking group Lazarus. This group is notorious for its high-profile attack in 2016 on Bangladesh's Central Bank.

Lazarus Group strikes with Telegram phishing attacks

Kaspersky described BlueNoroff in 2022 as "a mysterious group that has links to Lazarus, and a financial motivation unusual for an APT." The hackers, Kaspersky noted, "seem more like a small unit within the larger Lazarus attack formation, with the capability to tap into their vast resources, be it malware, exploits, infrastructure, or other forms of attacks."

BlueNoroff, although discovered in 2017, had its first sample dating back to 2016. It was also recognized as a Windows-specific malware.

BlueNoroff launched SnatchCrypto after a series successful attacks against banks. This campaign now targets individuals and businesses involved in activities relating to blockchains, smart contracts and cryptocurrencies. Even those who have an interest in the topics, but lack practical experience with these technologies, can become victims.

Cybersecurity experts are still unsure of the exact method used to distribute the ZIP-archive loader. Cybercriminals could have used email as they did in previous campaigns, according to speculation. The ZIP file that infects machines with the Trojan contains a document named "Cryptoassets and Their Risks for Financial Stability."

Kaspersky says that the executable, "EdoneViewer," is written in Swift. It has versions for Apple Silicon and Intel chips. The main function, "CalculateExtameGCD," manages the decryption of the payload, using unrelated messages to obfuscate the process and reduce analyst vigilance.

Most anti-malware software can now detect this Trojan.

Kaspersky highlighted in a previous report about the hackers that "if there's one thing BlueNoroff excels at, it's the abuse of trust." In the report, it was stated that "BlueNoroff exploited business communications including internal conversations between colleagues and interactions external entities, throughout its SnatchCrypto Campaign."

Kaspersky 2021's investigation revealed that members of the BlueNoroff group actively investigated and monitored successful cryptocurrency startup companies. The group's goal was to "build an interactive map between individuals and identify possible topics of interest."

They can then execute sophisticated social engineering techniques disguised as everyday interactions. They use lures such as fake Google Drive notifications and forwarded emails to convince victims to open malicious documents. Kaspersky says, "BlueNoroff compromises businesses by precisely identifying the people involved and the topics that they are discussing during a particular time."

Read the interview with KyberSwap Hacker: "Might makes right"

BlueNoroff often used Word documents and zipped Windows shortcuts as vectors to infect malware. The hackers have also used PowerShell scripts and Visual Basic Scripts in the past to perform diverse functions, including file and directory manipulation, registry manipulations, process manipulations, command executions, data theft, and configuration updates.

BlueNoroff has shown patience in some cases. They waited for several months before they were able to steal cryptocurrency. Hackers were able to use compromised systems to collect credentials and manipulate browser extensions such as Metamask. This allowed them to intercept cryptocurrency transactions and drain accounts.

Kaspersky is warning macOS users about the recent detections of cracked applications being distributed by unauthorised websites. These applications are loaded with a Trojan proxy.

If you download free versions of software, there is a risk that the.PKG installer contains post-installer code. These scripts are then executed after the installation of the application, resulting in the replacement or specific system files, and giving hackers access to the compromised device.

GambleFi can be intimidating for both newcomers as well as veterans. Players must be cautious when selecting platforms due to the possibility of scams, unfair odds and account hacks. In 2023, the average fraud rate for online gambling platforms increased to 7.6% from 4.9%.

The online gambling industry is still growing at a steady 20% per year, and will reach a staggering revenue of $95 billion in 2023. This growth is expected to continue as new creative projects attract more players.

What is the difference between transparent and proven options that are legitimate, and those that are risky? We will examine the innovative gaming platform Betix in detail, examining its technology, security and player features to determine whether it is safe and legitimate.

Betix, which is still in its infancy, aims to become the leader of the $250 million GambleFi industry.

Betix Secret Sauce: What makes it special?

Betix, founded in 2023 with a mission to fulfill, entered the market. The company wanted to "transform online gaming" by integrating blockchain technology into a casino based on community rewards. Imagine the fun of traditional gambling combined with the transparency and decentralization of blockchain technology.

The key pillars are:

Revenue-Sharing Model -- An innovative investment program within Betix's Wealth Circle that allows participants to earn passive profits on house wins. Complemented by a 50% guarantee on buyback and other member benefits.

Token Utility- Betix native token $BETX is a multifaceted utility coin that grants holders exclusive access to additional features, an entire ecosystem, and scarcity built in through burns.

A Variety of Games- From classic table games like roulette, to original titles in multiple genres that combine Web2 and Web3 technologies for a diverse gaming experience.

Betix has been a hit with its offerings that cater to players, token investors and platform profiteers.

Protecting user assets with a Fortified Security Infrastructure

The pressure to deliver a transparent gaming experience free of bias or cheating is high, particularly in light of the skepticism that existed about crypto gaming until recently.

How does Betix ensure that random results are not tampered with behind the scenes? Provably Fair Gaming Solutions allow casinos to utilize advanced cryptography, allowing users to test and confirm game outcomes by using encrypted seeds.

Betix confirms the use of provably-fair systems to protect roulette and other titles soon to be launched. To verify the legitimacy of the verification test, players only need to insert their identifying information. This shows Betix's commitment to ethical gaming as standard.

It is a waste of time to set up fair systems if you don't have robust defenses. After all, leaving the virtual doors wide-open would invite trouble.

Betix has a multi-layered security strategy that includes:

Advanced Encryption Protects sensitive information by using encryption, firewalls and partitioned database that are inaccessible to unauthorised parties.

Asset Insurance User funds are shielded from the company's finances.

Smart Contracts Auditing- Codes critical to the system are extensively audited, providing immunity from potential vulnerabilities.

Betix goes beyond simply checking boxes to demonstrate a genuine commitment to user protection. This holistic approach to safety inspires great confidence.

What this means for players - is Betix a legitimate and secure site?

Betix is a winner when it comes to delivering a consistently fair and manipulation-free gaming experience, as well as ensuring robust security that meets industry standards. These two pillars play a crucial role in ensuring the legitimacy of Betix and protecting users.

A strategy so precise around digital security and gaming transparency is a sign of experience, especially since the platform will be launched soon. Challenger brands would be wise to emulate such technical and ethical leadership in any industry.

Betix is a great option for fans of crypto gambling as well as traditional online casinos. The unique combination of DeFi incentives with Web2 gaming provides an additional dimension that caters to token holders and investors alike. The infrastructure of security and provably random gaming should also be enough to dispel any doubts: Their infrastructure can rival veteran online casino infrastructure.

Technology alone is not enough. We must continue to practice responsible practices that support principles of user experience. Their actions so far indicate a strategy that is based on ethics.

Betix's goal is to build trust and safety by introducing features that improve visibility.

Through early transparency efforts regarding profit sharing and expenses, we can see that the team is committed to fostering trust through openness. This refreshing perspective promises responsive evolution focused solely on user needs. Their ethical roadmap is worth monitoring as they are pioneers in a new age of community-focused online casinos using Web3 and other traditional methods.

Their launch phase plans will reaffirm the reputation of their company to those who are still on the fence about crypto gambling. All signs point towards a trustworthy provider, both for prospective token backers as well as excited players.

You can also try their Roulette feature today to get a feel for the platform, and multiply your chances of securing a whitelist spot: https://betix.gg/roulette

Are you ready to dive in? The Time is Running Out

Betix ticks all the boxes: provably random, cutting edge security, responsible tokenomics and continuous transparency. What's there not to like for potential adopters?

One thing is that their upcoming presale, and Wealth Circle Whitelist, will only offer a limited number of $BETX Tokens and Wealth Circle tokens before they are eventually listed publicly and minted. Securing tokens will unlock benefits such as jackpot eligibility, voting for platform decisions, and priority access to the latest developments.

Or for purely entertainment-focused adopters, the platform already stocks crowd favorites like Roulette with integrated jackpots converting gameplay into a rewarding experience. If you lurk in their Discord community, positive feedback alone could be enough to entice participation.

Betix has a clear vision of what they want to achieve. They are not a part of the herd that rushes into new crypto ventures. They seem to be able to balance both fun and money. There are no red flags and no barriers to either short-term pleasure or long-term satisfaction through involvement.

Some opportunities are only available for a limited time, so those who want to take advantage of them should act quickly. Betix's budding phase may warrant consideration sooner than later by parties interested in this verifiably safe pioneer. Reserving a spot now can save you regrets later. Once public launches and marketing kick into high gear, it will be hard to get a place.

Visit betix.gg for more information, to reserve your Wealth Circle Whitelist spot and to follow on X.