dfa

The U.S. Attorney's Office for the Central District of California stated that a 26-year-old man, Adam Iza, who calls himself the "Godfather," has been sentenced to 78 months in prison and must pay $23.4 million in restitution. He pleaded guilty in January 2025 to charges of conspiracy to violate rights, wire fraud, and tax evasion, and has been in custody since September 2024. This sentence will run concurrently with the 15-year sentence he received last month for an attempted Bitcoin robbery, which will not increase his actual time served.From August 2021 to April 2022, Iza hired off-duty Los Angeles County police officers as private security and admitted to conspiring with them to obtain law enforcement confidential records and personal data of individuals he had disputes with, obtaining court-authorized search warrants to track these individuals, and having the officers intimidate and threaten them. The Department of Justice stated that five former officers have been convicted for working for him, including 42-year-old Eric Chase Saavedra, who set up a security company providing these officers, and was sentenced to 21 months; 45-year-old Michael David Coberg, who assisted in extorting rivals and arranged false drug arrests, is serving a 63-month sentence. The prosecution wrote in the sentencing memorandum that wealthy individuals cannot buy "search warrants, arrests, badges, or guns" for private disputes.In another fraud case, since December 2020, Iza gained access to a Meta Business Manager account and its associated credit line, reselling it to advertising companies, with Meta clients being charged for ads they never purchased. After discovering this, Meta refunded the clients and absorbed the losses.

According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

According to Decrypt, the California Department of Financial Protection and Innovation (DFPI) has released an implementation update for the Digital Financial Assets Law (DFAL), which clearly requires all individuals or companies providing cryptocurrency-related services to California residents to hold a DFAL license, submit a license application, or meet exemption criteria by July 1, 2026, or face enforcement actions.The DFAL was signed into effect by California Governor Gavin Newsom in October 2023, establishing a statewide licensing and regulatory framework for cryptocurrency assets, covering various digital asset services and cryptocurrency ATM terminals. This system is widely compared to New York's BitLicense introduced in 2015.According to the schedule, DFAL license applications will open on March 9, 2026, through the Nationwide Multistate Licensing System (NMLS). Regulators recommend that businesses review the checklist in advance and participate in the industry training on March 23.California accounts for about a quarter of all blockchain companies in the United States. Joe Ciccolo, Executive Director of the California Blockchain Advocacy Coalition (CBAC), stated that since California is the fourth-largest economy in the world, its regulatory path may drive companies to unify compliance standards nationwide. "Clear and predictable rules help attract serious operators and institutional capital," but he also warned that if enforcement is too aggressive or disconnected from industry realities, some companies may choose to exit the California market or move overseas.

Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media, "ETH has broken through $3200, and all the way down I have been firmly bottom-fishing, confidently optimistic about the subsequent market. It seems that Liquid Capital is the only major player in the entire network, returning to the previous round of bottom-fishing that was mocked.However, as an investor, without blind confidence, one must firmly believe in their own logic. Be greedy when others are fearful. The ETH upgrade and the continuous development of on-chain finance are still far underestimated. The core of trend investing is to believe in the trend and buy on dips."

According to Hyperinsight monitoring, the following is an overview of the trending active whale movements on-chain in the past 24 hours:This morning, "Maji" had a 25x long position in ETH completely liquidated, resulting in a loss of approximately 3.6 million dollars. Subsequently, he took another 25x long position in ETH, and just 15 minutes ago, he was still increasing his long position. As of the time of writing, his long position has reached 3,900 ETH, with an unrealized profit of 286,600 dollars.The whale address that "borrowed 66,000 ETH to short" deposited another 26,000 ETH into Binance last night, worth approximately 82.47 million dollars.On Hyperliquid, the largest short position in ZEC has incurred a loss of over 22.04 million dollars. This address has been holding the position for over a month and transferred an additional 5 million USDC to the account early yesterday morning to increase the margin.

ChainCatcher news, according to official social media announcements, Huobi HTX's new session of "Fire Partner 1+1" will hold a themed live broadcast today at 20:00 titled "Slow is Stable, Stable is Fast. As the F1 race in the crypto world quietly begins, are you ready?" Mr. Bai, the founder of the earliest domestic community "e Guardian," and Domingo, an outstanding Web3 content creator, will be invited to attend and share their stories of perseverance in building during the bear market, as well as why they can remain optimistic amidst the ups and downs of market sentiment.

ChainCatcher message, Binance CEO Richard Teng posted on the X platform: "The compound effect is not limited to traditional finance. In the cryptocurrency space: long-term vision outweighs short-term speculation, community value will accumulate over time, and early small investments can achieve exponential growth. Stay focused. Time will reward steadfast belief. Not investment advice."

ChainCatcher news, Nick Tomaino, the founder of 1confirmation, posted on platform X stating, "The most valuable lesson learned from past bull markets is that excessive hype is often a contrary signal. When the majority are making noise, it usually means they lack confidence in their positions, and once given the opportunity, they will sell to you. A large and steadfast group of holders is the best signal."

ChainCatcher news, according to the Russian business consulting website (RBC), Russia's state-owned commercial bank Sberbank will allow individuals to trade using digital financial assets (DFA) starting in June.Previously, it was reported that Russia conducted seven placements of digital financial assets (DFA) last month, totaling approximately 1 billion rubles (13 million USD). Most of the DFA were sold by Russia's largest banking institution, the state-owned Sberbank, followed by the country's largest private bank, Alfa-Bank. It is reported that both banks are authorized DFA platform operators by the Russian banking authority. (Source link)

ChainCatcher message, the Federal Financial Supervisory Authority of Germany (BaFin) announced that a piece of Android malware named "GodFather" has attacked over 400 financial apps by stealing 2FA verification codes, including about 110 cryptocurrency trading platforms, 94 cryptocurrency wallets, and 215 banking client applications.It is reported that Godfather runs only on Android and steals users' login data by faking a false login page, prompting victims to input their data into a monitored form. Godfather utilizes Android's Accessibility Service to gain device access and relay data. Additionally, Godfather can record screens, launch keyloggers, intercept calls containing 2FA verification codes, send text messages, and perform other operations. (Source link)

ChainCatcher news, LiquidFactory announced the completion of a $1.25 million strategic financing, led by KuCoin Labs and Republic Capital, with participation from IDG, Dinghui, Ascensive Assets, Lapin Capital, and Acheron. The funds will support LiquidFactory's vision to release liquidity for DeFi, GameFi, and NFTs. (source link)

Chain Catcher News, "Internet Godfather," former editor-in-chief of Wired magazine, and author of "Out of Control" Kevin Kelly will soon make a second appearance on the HistoryDAO YouTube live stream to engage in an in-depth discussion on artificial intelligence, NFTs, and history.It is reported that HistoryDAO's native token $HAO will officially start token distribution on October 10.HistoryDAO is the first platform to use NFTs to record history. Everyone can record, mint, and trade real historical NFTs through HistoryDAO, "History is not written by the victors, but by everyone."