The post SEC charges Zachary Coburn with running unregistered token exchange EtherDelta appeared first on CoinReport.
Following the SEC’s enforcement action against the founder of Ethereum exchange EtherDelta, cryptocurrency traders appear to be shying away from so-called decentralized crypto trading platforms while they wait to see whether more enforcement actions are coming down the pike. DEX Volumes Take Major Haircut Following EtherDelta Charges As first noted by crypto research group DRIVE
The post Ethereum: Decentralized Crypto Exchange Volumes Plunge after EtherDelta Charges appeared first on CCN
In an apparent first, the U.S. Securities and Exchange Commission (SEC) has charged the founder of EtherDelta, Zachary Coburn, with running an “unregistered national securities exchange,” according to a press release from the regulator.
“EtherDelta provided a marketplace for bringing together buyers and sellers for digital asset securities through the combined use of an order book, a website that displayed orders, and a ‘smart contract’ run on the Ethereum blockchain,” the agency noted.
The US Securities and Exchange Commission (SEC) has charged Zachary Coburn, a co-founder of decentralized crypto exchange EtherDelta, for operating an unregistered national securities exchange. SEC Charges EtherDelta Founder With Operating an Unregistered Exchange https://t.co/KYRBmn2UHw — SEC_News (@SEC_News) November 8, 2018 In its official statement, the SEC also emphasized that EtherDelta illicitly distributed unregistered securities
The post Will EtherDelta Charges Lead to the Demise of Decentralized Crypto Exchanges? appeared first on CCN
The US Securities and Exchange Commission (SEC) has charged the founder of decentralized Ethereum exchange (DEX) EtherDelta with operating an unregistered exchange. As a DEX, the crypto trading platform allowed users to trustlessly trade Ethereum-based tokens without registering accounts or entrusting their funds to an exchange-controlled wallet. Trading was managed by a smart contract, though
The post Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange appeared first on CCN
The EtherDelta cryptocurrency exchange recently sent out urgent tweets, telling users not to open the site as it had been hacked.
If there’s one fact that has been proven over and over again is that as long as there is something worth stealing, then somebody is going to be willing to do so. I’m pretty sure that the first caveman who found a pretty rock probably got clobbered in the head by another caveman who wanted it. In our digital age, it only takes some code and an internet connection to allow someone on the other side of the world to steal some of your assets. Cryptocurrency exchanges have become a prime target for thieves, and EtherDelta is the latest victim as they’ve become the target of an attack.