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Big story
Criminal trial against 32-year-old founder of fintech startup Charlie Javice Beginning on February 21lawyers made their opening argument. One side, JPMorgan Chase Said Javice helps “fake millions of customers to lure banks to buy her company”, Student Financial Program Aids Startups frank$175 million. For her, Javice claimed that the financial services giant suffered “buyer remorse” due to changes in the government’s financial aid form. Her lawyer said alleged fraud was a way to resolve the deal. Of course, we will be glued to that trial, whether the jurors will find support for Javice or JPMorgan, or somewhere in between.
Dollars and cents
Financial Technology varo Always looking to raise $55 million in Series G financing, but so far Closed for $29 million so faraccording to the recent SEC documents. It ended shortly after Digital Bank founder Colin Walsh announced that he would resign as CEO. Gavin Michael replaces him.
Encrypted communication bybit Announced on February 21, “a complex attack” caused one of the company’s offline wallets to steal Ethereum (ETH). Bybitt CEO and co-founder Ben Zhou said in the live broadcast Hackers stole about 401,346 ETHat the time of theft, about $1.4 billion.
Common cases On February 21, SEC has Agree to waive the lawsuit Oppose biased companies, which means it cannot be brought up again. The move remains approved by the SEC commissioner, another signal that the Trump administration plans to be more crypto-friendly than the former SEC under former leader Gary Gensler. A few days later, Robin Say SEC has Closed investigation Entering the encryption unit of Robinhood, no action will be taken.
Judging by our inbox, venture capitalists are still betting on the fintech space. here Just a list of a few venture capitalists that are bullish on fintech. Note: This is an ongoing list that will be updated over time.
Located in Dubai MansaIt provides permission payment companies (mainly payment companies to date in Africa) that can immediately resolve transactions and provide funding for client accounts, already Raised $10 million in seed fundingincluding equity and debt. Stablecoin provider Tether leads $3 million in equity investment.
Gaoli nods his headlines
Synaptic executive reminds accountants ahead of $100 million missing fund scandal
Brex Eyes earns $500 million as it adds customers like humans and robberies
Block stock plunged 18%, the worst day in the market after 5 years of revenue miss
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