The Shib News Recap: Thursday

This Thursday, The Shib Daily brings to light critical crypto news, focusing on escalating legal issues and a concerning rise in scams that could impact the market’s integrity. On a more positive note, analysts recently issued strong buy signals for Shiba Inu, which suggests a favorable trend.

Final Decision on Do Kwon’s Extradition Lies with Montenegro’s Justice Minister

The future of Do Kwon’s extradition rests with Montenegro’s Justice Minister after a court denied his appeal. This decision was influenced by an earlier ruling from the Supreme Court. Kwon’s legal team tried to contest this ruling, but the Constitutional Court rejected their challenge. In March, the court opted to send him back to South Korea, leaving Justice Minister Božović to make the final decision.

France’s AMF Intensifies Battle Against €500 Million Annual Financial Scams

The Autorité des Marchés Financiers (AMF) in France is increasing its fight against financial scams that cost victims over €500 million each year. Scams range from fake loans to fraudulent investments in crypto and green assets. Victims of false savings accounts lost an average of €69,000, with crypto scams averaging €29,000 in losses. In 2024, the Paris Prosecutor’s Office seized €268 million in assets linked to these scams.

Former FTX Co-CEO to Exit Prison Early for Good Conduct

Ryan Salame, former Co-CEO of FTX Digital Markets, is set to be released on March 1, 2031, which is over a year earlier than expected. He is currently serving a 7.5-year sentence for his role in the FTX collapse. Salame pleaded guilty in 2023 to charges linked to the fraud scheme led by Sam Bankman-Fried. His early release reflects a reduction in his sentence due to Good Conduct Time earned under the 2018 First Step Act.

Shiba Inu Price Boost Anticipated as Whale Activity Increases

In Shiba Inu news, analyst Javon Marks recently predicted a rise to $0.000081 based on a bullish continuation pattern in SHIB’s technical chart. Additionally, on-chain analytics firm Santiment noted a strong link between increased whale activity and price movements. They reported a significant uptick in whale transactions on December 1 and 9.

Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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