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According to The Information, Baidus chip division, Kunlun Chip, plans to list in Hong Kong with a valuation of $50 billion. IPO investors must commit to purchasing chips equivalent to 3 to 7 times their subscription amount.On June 29, the Iraqi Foreign Minister stated his willingness to mediate between the US and Iran to end the war. Speaking at a joint press conference with the Iranian Foreign Minister in Baghdad, the Iraqi Foreign Minister said, "Iraq maintains good relations with both the United States and Iran, and we are prepared to cooperate with both sides to resolve this conflict." He added that Iraq had previously successfully established cooperative relations between Iran and the United States. He pointed out that despite the memorandum of understanding signed between Iran and the United States, the conflict in the Strait of Hormuz continues. He said, "The war must end because it will lead to the destruction of the entire region, not just one country."No casualties have been reported in the 5.5-magnitude earthquake that struck Gao County, Yibin City, Sichuan Province.June 29 – Iranian Foreign Ministry: Iranian Foreign Minister Araqchi met and held talks with the Iraqi Prime Minister in Iraq on Sunday noon. During the meeting, Araqchi emphasized Irans determination to strengthen and expand relations with Iraq in various fields, and believed that cooperation between the two countries in the political, economic, security, commercial, cultural, and people-to-people spheres is in the common interest of both countries and contributes to enhancing regional stability and security. Araqchi also outlined the latest diplomatic developments aimed at ending the US-Israel war against Iran, and stressed the need for all regional countries to commit to maintaining security and peace, particularly preventing aggressors from using their territory and facilities to launch illegal attacks against Iran.On June 29, Russian President Vladimir Putin stated that car owners and businesses continue to face fuel supply difficulties, with long queues forming at gas stations across the country. Affected by the shutdown of several refineries, Russia is implementing measures to stabilize the domestic market. Putin confirmed that a complete ban on diesel exports is one of the alternatives currently under discussion. Following a meeting on Friday with oil producers and government departments, the Russian Energy Ministry did not recommend implementing a diesel export ban, citing concerns that it could lead to problems such as diesel inventory buildup. The government will reassess the market situation on Monday.

Major cryptocurrency cases probed by U.S. authorities

Skylar Shaw

Dec 15, 2022 15:17


The allegations made by US authorities against Sam Bankman-Fried, the creator of the cryptocurrency exchange FTX, on Tuesday were some of the most well-known ones ever made against a participant in the industry. It was the most recent of many instances involving digital assets that American authorities and prosecutors are investigating.


A list of some of those civil and criminal cases, together with their verdicts, is provided below:

Bitfinex Hack 

A husband-and-wife duo was charged by the US Justice Department in February with conspiring to launder 119,754 bitcoin that had been stolen in 2016 when a hacker got into the digital currency exchange Bitfinex and started more than 2,000 unlawful transactions. According to court documents, the two are in discussions with prosecutors regarding a potential plea.

Bitmex

This year, BitMEX employees, including the company's founders, entered guilty pleas for wilfully failing to create, execute, and maintain anti-money laundering measures. In federal court in New York, the company's co-founders entered guilty pleas and each agreed to pay a $10 million fine.


Another employee of the company entered a guilty plea and agreed to pay a $150,000 fine.

The criminal charges were first filed by federal prosecutors in 2020.


The exchange consented to pay a civil fine in 2021 to resolve separate complaints from the Financial Crimes Enforcement Network (FinCEN) division of the U.S. Treasury Department and the U.S. Commodity Futures Trading Commission.


This Monday, a representative for BitMEX refused to comment on the accusations made against its former workers.


The company's chief executive officer stressed its strong compliance and anti-money laundering skills at the time the issue was resolved with the CFTC and FinCEN.

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