responsibility

Jump Trading responded on Monday to the lawsuit filed by Todd Snyder, the bankruptcy trustee for Terraform Labs. Snyder sued Jump Trading and several of its subsidiaries and two executives last December, accusing them of market manipulation, defrauding investors, and self-dealing, seeking $4 billion in damages.In its response, Jump Trading stated that the lawsuit is Snyder's "transparent attempt" to evade the $4.4 billion fine imposed on Terraform Labs by the U.S. Securities and Exchange Commission (SEC) in 2024, and claimed that Snyder "fabricated a series of allegations aimed at shifting Terraform's responsibility to the SEC and its creditors onto the defendants." Jump Trading also pointed out that the lawsuit lacks key details, fails to specify the actions of each defendant, does not indicate where the alleged violations occurred, and is beyond the statute of limitations, warranting dismissal.According to previous court records, when UST depegged from the dollar in 2021, Jump Trading assisted Terraform Labs in maintaining the UST peg by buying large amounts of UST to support its price, but executives from both sides kept this confidential. Terraform Labs founder Do Kwon has previously been sentenced to 15 years in prison for two counts of fraud.

In response to on-chain detective ZachXBT's disclosure that "some employees are suspected of abusing their authority to track user wallets for insider trading," Axiom posted a response on platform X stating: "We are shocked and disappointed to learn that someone on the team has abused internal customer support tools to query user wallets. Access to these tools has been revoked, and we will continue to investigate and hold those responsible accountable. This behavior does not represent the team, which has always been committed to putting users first."

The UK's Financial Conduct Authority (FCA) has entered the final stage of its regulatory consultation for cryptocurrency companies and is seeking feedback on how its consumer duty rules apply to crypto asset firms, with a deadline of March 12. The FCA plans to open the application process for crypto asset licenses in September 2026.Consumer duty is a regulation from the UK's Financial Conduct Authority (FCA) aimed at setting high standards for how financial firms treat retail customers. The regulation requires firms to act with integrity, avoid causing foreseeable harm, and help people achieve their financial goals. Companies must provide clear information, fair pricing, and support throughout the entire customer journey (not just at the point of transaction).

ChainCatcher message, the copyright holder of the "Nai Long" anime IP, Seventh Impression Company, announced that recently, some illegal individuals have been using the "Nai Long" image to engage in Bitcoin issuance, false advertising, and illegal financial activities, seriously misleading the public and damaging the brand's reputation. Seventh Impression emphasized that since its establishment, the company has never engaged in or authorized any units or individuals to participate in virtual currency-related businesses and firmly opposes all illegal activities. The company has now initiated a legal review process and will hold the relevant parties accountable according to the law, and will report to the public security authorities if necessary.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Jefferson stated that the Fed's responsibility is to ensure that tariff adjustments do not evolve into persistent inflation.

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on social media that he supports Sun Yuchen's sale of unlocked tokens, believing that there is nothing wrong with this action. He mentioned that the WLFI Foundation should be held accountable, as it has implemented "de-banking" measures against users, which goes against its own established purpose.

ChainCatcher news, according to Jinshi reports, Musk stated in an interview with CBS that he does not want to publicly oppose the U.S. government, but he also does not want to take responsibility for everything the government does. Musk mentioned in the interview that the Department of Government Efficiency (DOGE) he leads has become a scapegoat, with all layoffs, whether true or false, being blamed on the Department of Government Efficiency (DOGE).He expressed frustration with the multi-trillion dollar tax cut and spending plan currently being discussed by congressional Republicans, believing that this bill would undermine the work being done by the Department of Government Efficiency team. Musk stated that although he has always been a staunch ally of Trump, he does not always support the policies of the Trump administration.

ChainCatcher news, according to Jinshi Data, during an interview with NBC, U.S. President Trump downplayed concerns about the possibility of an economic recession, stating that the U.S. is in a transitional period. He is not worried about a recession occurring during his term, but he does not rule out that possibility. When further questioned about whether he would take responsibility for the impact of his tariff policy on the economy, Trump stated that he would ultimately be responsible for everything.

ChainCatcher news, the Russia-backed hacker group "Dark Storm" claims responsibility for the recent distributed denial-of-service (DDoS) attack that caused a massive outage on the X platform.According to information released by the cybersecurity organization SpyoSecure on March 10 on the X platform, Dark Storm claimed to have carried out the attack in their Telegram channel. The channel was subsequently deleted for violating the platform's terms of service.Social media figure Ed Krassenstein also stated that he contacted the leader of Dark Storm, who confirmed this claim and stated that the attack was intended to demonstrate their strength, with no political motives.X platform owner Elon Musk confirmed that the platform experienced a cyber attack on March 10, causing some users to be unable to access it, but user functionality was quickly restored. In an interview with Fox Business Channel, he stated that the attack originated from IP addresses in the Ukraine region.Additionally, Tesla's recent stock price drop may be related to protests triggered by spending cuts from the government efficiency department (DOGE) led by Musk.

ChainCatcher news, the cryptocurrency exchange M2 issued a statement regarding a security incident, stating that on October 31, M2 experienced a cybersecurity event involving $13.7 million. M2 takes full responsibility for the potential losses, all services have now been restored, and M2 has implemented additional control measures.Previous news, according to ZachXBT, the cryptocurrency exchange M2 was hacked yesterday, with approximately $13 million stolen from hot wallets across multiple chains.

ChainCatcher news, in response to crypto detective ZachXBT questioning why Neiro initially chose the notoriously poor-reputed Gotbit as a market maker, Neiro's CTO co-lead "S" stated that when Sun Yuchen's tweet led to its listing on HTX, there was actually only a few hours to find one, making time critical. The choice of Gotbit was partly because the market maker offered a retention agreement at that time, which was the most affordable option so far, and partly because the project viewed it as a quick solution for the HTX listing (with the agreement with Gotbit lasting 3 months), planning to explore other options when the budget allowed. Additionally, there was a lack of judgment experience regarding the industry; although they had heard various bad things about Gotbit, they had also heard bad things about almost everyone in the industry, making it difficult to make a judgment."S" also mentioned: "I had not had direct contact with Gotbit before, so I chose to trust them and gave them a chance. Gotbit also marketed itself as a 'meme coin friendly' market maker, which seemed like an attractive proposition.""S" concluded: "But ultimately, I take full responsibility for this; I should have been more careful. I am deeply pained by this outcome and have paid a huge price for it. At the same time, it has given us a tremendous learning opportunity, forcing us to fundamentally improve the project by collaborating with better and more market makers to reduce counterparty risk and upgrade the Neiro trading market."Previous news, on-chain detective ZachXBT commented on Neiro's announcement to terminate its partnership with market maker Gotbit, suggesting that perhaps Neiro should explain to the community why they initially chose Gotbit, given their consistently poor reputation and the substantial evidence of Gotbit's price manipulation behavior before the U.S. government accused them of fraud and market manipulation this week.

ChainCatcher news, according to FOX Business, U.S. Senator Tim Scott criticized SEC Chairman Gary Gensler for delaying the scheduled Senate Banking Committee hearing.Scott stated that Gensler's regulatory agenda is detrimental to the U.S. economy, increasing burdens on businesses, reducing opportunities for capital acquisition, and harming the interests of American retirement savers. Republican lawmakers have introduced the Empowering Main Street in America Act, which requires the SEC chairman to testify before Congress twice a year to enhance transparency and accountability.

ChainCatcher news, Binance stated in a blog post that the WazirX platform operated by Zanmai reported that it suffered a cyber attack on July 18, 2024, resulting in user fund losses of approximately $235 million, and WazirX has been unable to fulfill customer withdrawal requests to date.Binance stated that Nischal Shetty, the main owner of Zettai, made some inaccurate statements regarding the ongoing disputes between Zettai and Binance. Shetty claimed that Binance might somehow be responsible for the losses suffered by WazirX users and creditors due to the cyber attack. Binance stated that this is incorrect, and any such claims are highly misleading. Binance stated that it has not acquired WazirX; although both parties signed a contract, the proposed transaction was never completed due to Zettai's failure to fulfill its obligations. Binance has never owned, controlled, or operated WazirX at any time, including before, during, or after the alleged hacking incident.Shetty stated that the outcome of the current dispute between Zettai and Binance could result in Binance owning WazirX, which would make Zettai's creditors creditors of Binance, meaning Binance would be responsible for WazirX users. In response, Binance believes this statement is incorrect, as Binance does not own or operate WazirX, is not a party to the agreement between WazirX and its users, does not hold any WazirX user funds, and bears no responsibility for the consequences of the cyber attack. Shetty's statements are inaccurate and misleading.