FBI Cleared in $345M Bitcoin Case While Ethereum DeFi Alliance Lobbies Policymakers
FBI Cleared in $345M Bitcoin Case While Ethereum DeFi Alliance Lobbies Policymakers
A US appeals court ruled the FBI is not at fault for wiping a hard drive containing over 3,400 Bitcoin, as the convicted owner failed to inform the government of his ownership. Separately, major DeFi protocols operating on Ethereum have formed an alliance to champion the network to US policymakers, aiming to counteract the influence of centralized crypto firms.
A US appeals court says the FBI isn’t at fault for wiping a drive containing over 3,400 Bitcoin, as its convicted owner never informed the government that he owned the tokens.
Major DeFi protocols on Ethereum have banded together to counter the so-called “outsized influence” of centralized crypto firms on US policymaking.