recoveries

ChainCatcher news, according to market news, blockchain data analysis and digital asset recovery service provider Recoveries announced the completion of a 1 million Swiss franc strategic round of financing, led by VerifyVASP, with participation from a group of angel investors.The new funds are intended to accelerate the development of its AI-enhanced blockchain investigation management system that supports cross-chain investigations, aiming to streamline the digital asset recovery processes for global exchanges, banks, insurance companies, and law firms.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) Gary Gensler announced the full text of his testimony before the U.S. House Financial Services Committee.It disclosed that the work of the enforcement division is at the core of the SEC's investor protection responsibilities. In fiscal year 2023, the SEC took 784 enforcement actions, with fines and recoveries totaling $4.9 billion. Whenever possible, civil penalties and recoveries obtained by the SEC in civil enforcement actions will be returned to the harmed investors, with $930 million allocated to harmed investors in fiscal year 2023.