Binance Australia sued, Interpol issues Red Notice for Hex founder: Law Decoded
On Dec. 18, ASIC filed legal action against Binance Australia Derivatives for misclassifying over 500 retail clients as wholesale investors, stripping them of legal protections under Australian financial laws. ASIC described the misclassification as “woefully inadequate.” On Dec. 22, Interpol issued a Red Notice for Hex founder Richard Heart, alleging tax fraud and assault of a minor. Heart is also on Europe’s most-wanted list for the same charges. Roman Storm, co-founder of Tornado Cash, requested the dismissal of charges after an appeals court ruled that OFAC overstepped its authority in sanctioning the platform’s smart contracts. South Korean prosecutors seek a six-month jail sentence for lawmaker Kim Nam-kuk for failing to report his full cryptocurrency holdings, allegedly concealing significant assets from the National Assembly Ethics Committee.
