OKB breaks through the $250 mark

[Kroll Faces Class Action Lawsuit Over FTX Data Breach] Financial and risk advisory firm Kroll is facing a class action lawsuit due to the FTX data breach incident in August 2023. The plaintiffs include FTX customer Jacob Repko and other creditors. The lawsuit alleges that the breach led to crypto creditors frequently receiving phishing emails, impacting information security and the claims process. If the lawsuit is upheld, victims may receive compensation and it could prompt Kroll to adjust its operational practices.

[CoinW Involved in Money Laundering of 2.3 Billion TWD, 14 People Indicted] According to reports, the cryptocurrency exchange platform CoinW is suspected of assisting fraud groups in laundering 2.3 billion TWD, with over a thousand victims. The Shilin District Prosecutors Office in Taiwan has indicted the person in charge, Shi Qiren, along with 13 others, seizing 60.49 million TWD in cash and 640,000 USDT, and has filed for the confiscation of 1.275 billion TWD in criminal proceeds. Shi Qiren and others are accused of illegally providing virtual asset services through CoinW and its affiliated outlets without approval from the Financial Supervisory Commission. The court is considering sentencing Shi Qiren to 25 years in prison.

[Shadow Bank 'Crypto Capital Corp's Ravid Yosef Evades Extradition in Israel] According to Golden Finance, more than seven years ago, numerous cryptocurrency exchanges, including Bitfinex and Canada's leading exchange QuadrigaCX, began experiencing severe financial issues. These exchanges were suddenly 'choked' by their ultimate payment processor—Panama-based shadow bank Crypto Capital Corp—while no one at the bank answered their calls. As hours turned into days, weeks, and months, the situation became clear: Crypto Capital Corp's staff decided to shut down operations and quietly abscond with over $88 million. Shortly thereafter, the list of individuals involved in the Crypto Capital Corp scandal was made public, revealing only four names: Reginald 'Reggie' Fowler, Ivan Manuel Molina Lee, and siblings Ozzie Yosef and Ravid Yosef. Soon, the Southern District of New York filed an indictment, and not long after, Fowler and Molina Lee were arrested. Fowler pleaded guilty and was ordered to pay nearly $800 million in fines and restitution, while serving a 75-month prison sentence—although as of this month, he is still seeking a sentence reduction. Molina Lee, who holds dual citizenship in Panama and Poland, is currently imprisoned in Poland. However, Ozzie and Ravid Yosef remain unresolved cases. They successfully evaded detention in the U.S. and Europe and are still on the run to this day.

[Morgan Stanley Expects ECB to Cut Rates in December and Next March] According to a report by Jinse Finance, Morgan Stanley expects the European Central Bank (ECB) to cut rates in December and next March, whereas the previous forecast was for rate cuts in September and December. (Jin10)

[Japanese fashion brand ANAP increases Bitcoin holdings by 6.26 BTC, total now at 1006.31 BTC] According to Foresight News and monitored by NLNico, Japanese fashion brand ANAP Holdings has increased its Bitcoin holdings by 6.26 BTC, bringing its total to 1006.31 BTC.