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<p>Greetings, fellow crypto lovers! Get ready for an electrifying episode of Melega&#39;s Crypto Weekly Roundup, where we&#39;ll bring you the latest and greatest from the ever-evolving world of digital assets. This week has been chock-full of excitement and surprises, to say the least.</p><p>While the SEC continues its strict crypto regulations, the CFTC has come out of the left field with a shocking legal action that has sent shockwaves through the industry. Despite the turbulence, the major cryptocurrencies have managed to maintain their upward trend, but threatening signs and new chains of lawsuits against the market leaders are putting a damper on things.</p><p>One of the biggest concerns is the turmoil that Binance, the world&#39;s largest exchange by market capitalization, is currently experiencing. Industry insiders fear that the market giant could suffer the same fate as FTX.</p><p>In other news, South Korean officials are seeking to apprehend Daniel Shin, Do Kwon&#39;s colleague; FTX&#39;s European branch has launched a withdrawal site to reimburse European users; and the Safemoon liquidity pool has suffered a whopping $9 million exploit. Let’s dive into them!</p><h2 id="header-0">TOP CRYPTO NEWS BETWEEN MARCH 26 AND APRIL 1, 2023</h2><p>● South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin</p><p>● Sam Bankman-Fried (SBF) was charged with bribing Chinese authorities</p><p>● FTX EU opens withdrawal site to pay back European users</p><p>● The US CFTC sues Binance and its CEO, CZ</p><p>● Safemoon liquidity pool suffers $9 million exploits</p><p>● SEC forces Beaxy Exchange to shut down with multiple charges</p><h3 id="south-korean-court-denies-arrest-warrant-for-terraform-co-founder-daniel-shin">South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin</h3><p>South Korea is preparing to reopen its investigation into Terra executives and affiliates as prosecutors get ready for Do Kwon&#39;s return home despite extradition requests from other countries.</p><p>The nation’s authorities have increased their efforts to apprehend Shin Hyun-Seong (Daniel Shin), Terra&#39;s second co-founder after Terraform Labs&#39; founder Do Kwon was apprehended by Montenegrin authorities last week while attempting to board a plane using forged documents.</p><p>The prosecution was reportedly stepping up its efforts to take Daniel Shin into custody. However, new reports indicate that the Seoul Southern District Court has rejected a request by the Prosecutor’s Office for his pre-trial detention.</p><h3 id="sam-bankman-fried-sbf-was-charged-with-bribing-chinese-authorities">Sam Bankman-Fried (SBF) was charged with bribing Chinese authorities</h3><p>Sam Bankman-Fried, or &#34;SBF,&#34; the founder and previous CEO of the FTX cryptocurrency exchange, is currently the subject of a new 13-count indictment from American authorities for allegedly paying a $40 million bribe to a Chinese government official.</p><p>According to the <a href="https://www.documentcloud.org/documents/23728310-sam-bankman-fried-5th-superseding-indictment" rel="noopener noreferrer nofollow">allegations</a>, the transaction was made in an effort to persuade and convince Chinese officials to unfreeze cryptocurrency accounts at FTX affiliate company Alameda Research, which reportedly contained cryptocurrency worth more than $1 billion. As expected, SBF entered a not-guilty plea to each of the 13 charges.</p><h3 id="ftx-eu-opens-withdrawal-site-to-pay-back-european-users">FTX EU opens withdrawal site to pay back European users</h3><p>FTX EU, the company&#39;s European arm, has set up a website where European customers can submit withdrawal requests. This came almost five months to the day after the global crypto trading platform&#39;s bankruptcy and collapse in early November.</p><p>According to reports from several sources, the new website domain name, https://ftxeurope.eu/, was reportedly approved by the Cyprus Securities and Exchange Commission. However, aside from compensating impacted customers, the new domain will not offer any services or products.</p><h3 id="the-us-cftc-sues-binance-and-its-ceo-cz">The US CFTC sues Binance and its CEO, CZ</h3><p>The US Commodity Futures Trading Commission sued the Binance exchange and its CEO Changpeng &#34;CZ&#34; Zhao in Chicago for allegedly violating federal regulations and failing to register the exchange there.</p><p>The accusations state that since 2017, Binance has adopted a deliberate, planned strategy to increase its market share in the United States despite publicly announcing its intention to &#34;ban&#34; or restrict clients from using its platform there.</p><p>Meanwhile,<a href="https://fortune.com/2023/04/01/binance-nba-star-jimmy-butler-and-crypto-influencers-hit-with-1-billion-suit-for-promoting-unregistered-securities/" rel="noopener noreferrer nofollow"> a new $1 billion lawsuit</a> was filed by the Moscowitz Law Firm and Boies Schiller Flexner against the cryptocurrency exchange, CZ, and three crypto influencers for promoting unregistered securities, just five days after the Commodity Futures Trading Commission (CFTC) sued Binance and its CEO for alleged trading violations.</p><h3 id="safemoon-liquidity-pool-suffers-9-million-exploits">Safemoon liquidity pool suffers $9 million exploits</h3><p>Attackers took advantage of a bug in the Safemoon token liquidity pool (LP) late on Tuesday, depleting it of more than 27,000 BNB coins.</p><p>The defi-focused project SafeMoon promises to allow investors to earn interest on their holdings through token burning, LP purchase, and redistributive taxation.</p><p>The project&#39;s founder, John Karony, <a href="https://twitter.com/CptHodl/status/1641876814539767808" rel="noopener noreferrer nofollow"> recently announced</a>that the liquidity pool (SFM:BNB) would soon resume operations in a staged manner, beginning with the reintroduction of liquidity into the LP and making sure the LPs are balanced. He noted,</p><p>“This activity is tentatively planned to start next week. However, please be advised that this process will likely see changes and moves in the LPs.”</p><h3 id="sec-forces-beaxy-exchange-to-shut-down-with-multiple-charges">SEC forces Beaxy Exchange to shut down with multiple charges</h3><p>According to the <a href="https://www.beaxy.com/blog/suspension-of-services-on-beaxy-exchange/" rel="noopener noreferrer nofollow">company&#39;s blog</a>, the Beaxy cryptocurrency exchange was forced to halt operations on March 28 &#34;due to the uncertain regulatory environment surrounding the business.&#34;</p><p>The suspension was announced the day before the US Securities and Exchange Commission declared that Beaxy and its executives would be charged with operating without a valid registration as a national securities exchange, broker, and clearing agency.</p><p>The Beaxy founder, Artak Hamazaspyan, and Beaxy Digital, a business he controls, are accused by the SEC of raising $8 million through an unregistered offering of the Beaxy token (BXY) and of stealing $900,000 from investors for personal use.</p><h2 id="header-1">NEW CRYPTO LISTINGS ON MELEGASWAP</h2><h3 id="a-href-https-bytecommerce-io-rel-noopener-noreferrer-nofollow-byte-commerce-bytc-a"><a href="https://bytecommerce.io/" rel="noopener noreferrer nofollow">Byte Commerce (BYTC)</a></h3><p>Byte Commerce is a Community decentralized Web3 E-Commerce with trust, privacy, and secure payments. Like an escrow, BYTC’s goal is to bring neutrality to transactions by holding payment of the cryptocurrency required for two parties involved in a given transaction.</p><p>When the transaction is complete, the buyer receives the merchandise, and immediately, they send the payment to the seller&#39;s account</p><h3 id="a-href-https-limocoin-net-rel-noopener-noreferrer-nofollow-limocoin-swap-lmcswap-a"><a href="https://limocoin.net/" rel="noopener noreferrer nofollow">Limocoin Swap (LMCSWAP)</a></h3><p>The LIMOCOIN SWAP gives all Africans free access to the financial markets of the world as a means of payment and transfer. Without any condition or restriction, everyone is simply entitled to the services.</p><h3 id="tombet-fan-token-tft">TomBet Fan Token (TFT)</h3><p>The TomBet Fan Token (TFT) is tokenizing the company to bring more benefits to its customers, as the sports betting market is experiencing extraordinary growth while bringing great opportunities to participants.</p><h3 id="a-href-https-mir-token-com-rel-noopener-noreferrer-nofollow-mir-token-mir-a"><a href="https://mir-token.com/" rel="noopener noreferrer nofollow">MIR Token (MIR)</a></h3><p>MIR is a BEP-20 crypto token created to develop and test solutions to ease financial transactions between Africa and Russia</p><h3 id="a-href-https-reflextoken-com-rel-noopener-noreferrer-nofollow-reflex-rfx-a"><a href="https://reflextoken.com/" rel="noopener noreferrer nofollow">Reflex (RFX)</a></h3><p>The RFX project is a reinvented web3 ecosystem that allows users to get rewarded for their online activities via a mobile app without consuming energy.</p><h3 id="floshido-inu-floshido">Floshido Inu (FLOSHIDO)</h3><p>Floshido Inu is a new decentralized, Web 3.0-compliant meme token that aims to cross the communities of all major meme tokens, aiming for a worldwide ecosystem. The number of targeted communities is one billion people.</p><h3 id="a-href-https-treenity-space-rel-noopener-noreferrer-nofollow-treenity-tree-a"><a href="https://treenity.space/" rel="noopener noreferrer nofollow">Treenity (TREE)</a></h3><p>Treenity (TREE) is on a revolutionary mission to leave the world greener and healthier for future generations.</p><p><em><strong>Risk warning: </strong>Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.</em></p><h2 id="header-2">•••</h2><h2 id="header-3"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7f04151c865f464c9c6c081c00fc9ba5.png" /><p></p><h2 id="header-4">Trade with the best decentralized AMM cryptocurrency exchange</h2><p>Do you want to buy, sell, and invest in cryptocurrencies and still have 100% control over your crypto assets? If yes, then Melega Finance is for you. MelegaSwap is a leading automated market maker (AMM) decentralized exchange that provides users with a variety of options to trade and earn free tokens at extraordinarily high-interest rates and low charges.</p><p>At Melega, nobody manages your funds for you because you manage them directly from your personal wallet, while smart contracts transparently take care of everything else.</p><p>Learn More About the Melega Ecosystem</p><p>Website: <a href="https://melegaswap.finance/" rel="noopener noreferrer nofollow">https://melegaswap.finance</a></p><p>Telegram: <a href="https://t.me/melegacommunity" rel="noopener noreferrer nofollow">https://t.me/melegacommunity</a></p><p>Twitter: <a href="https://twitter.com/meleganza" rel="noopener noreferrer nofollow">https://twitter.com/meleganza</a></p><p>Instagram: <a href="https://www.instagram.com/melega.finance/" rel="noopener noreferrer nofollow">https://www.instagram.com/melega.finance/</a></p><p>YouTube:<a href="https://www.youtube.com/channel/UC_kjHoXOkPSSB4HeHNZMq-Q" rel="noopener noreferrer nofollow"> Melega Finance Official</a></p><p>DAPP: <a href="https://melega.finance/" rel="noopener noreferrer nofollow">https://melega.finance/</a></p><p>Crypto Services Hub: <a href="https://melega.space/" rel="noopener noreferrer nofollow">https://melega.space/</a></p>

March 26-April 1 Crypto Roundup: New charges for SBF; $1B lawsuit for CZ/Binance; FTX EU withdrawals; Beaxy exchange closes

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