In Bandyopadhyay v. Defendant 1, the plaintiff alleged the defendants stole approximately $950,000 worth of cryptocurrency from his Coinbase wallet. NFTs can be a useful tool for serving process on bad actors who engage in cryptocurrency-related fraud from foreign countries.
FDIC continued work to ensure that public is not misled regarding deposit insurance by reporting on series of cease and desist demands it sent to two financial institutions and two websites that misrepresented applicability of deposit insurance to products and to crypto.
Cryptocurrency Insurance Pioneer is decentralizing insurance with the help of blockchain technology so that investors can purchase tokens which is a representation of insurance funds, and can also profit from those funds.