Regulation· ★★★★· bearish·

Oct 9–10 digest: UK sanctions crypto exchanges, Ledger theft losses near $90M

  • —UK sanctioned Cryptomus, TokenSpot and VexPay over Russia sanctions evasion
  • —Ledger user losses rose to about $90M; Tether froze related USDT
  • —CFTC proposed treating sports and political event contracts as swaps
  • —Mashinsky permanently barred from crypto by New York settlement
Why it matters: Sanctions and probes into exchanges raise regulatory pressure, while the Ledger thefts undermine trust in hardware wallets.
Source: PANews