Elliptic Connect: 10 August 2023
Ripple ruling rejected by US federal judge
A US District Judge has allowed the United States Securities and Exchange Commission (SEC) to continue its case against Terraform Labs Pte and Founder Do Kwon, after denying a motion filed by Terraform Labs to dismiss the lawsuit.?
In explaining his rationale, the judge rejected the distinction made in the July 13th Ripple ruling that whether coins are securities is “based on their manner of sale, such that coins sold directly to institutional investors are considered securities and those sold through secondary market transactions to retail investors are not”.
Obfuscation on the blockchain: how to detect and mitigate the risks
In response to the general traceability of most tokens, cryptoasset enthusiasts – especially those concerned with the privacy of their on-chain transactions – have started employing different ways to increase their anonymity on the blockchain. These include the use of obfuscating services – such as mixers, tumblers and privacy wallets – and privacy coins.
Unfortunately, criminals are also turning to the use of such methods to hide their illicit activities and avoid detection from law enforcement. Read more from Elliptic’s Tung Li Lim on how blockchain analytics can tackle the threat.
From the team:
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