COSTA MESA, Calif., Feb. 24, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Impact Theory Fair Fund and Plan of Distribution.

NOTICE OF FAIR FUND DISTRIBUTION PLAN
In the Matter of Impact Theory, Inc.
Administrative Proceeding File No. 3-21585

For more information, visit www.ImpactTheoryFairFund.com

The United States Securities and Exchange Commission (“SEC”) has settled administrative proceedings (the “Order”) against Impact Theory (the “Respondent”). In the Order, the SEC found that from October 13, 2021, to December 6, 2021, Impact Theory violated Sections 5(a) and 5(c) of the Securities Act by offering and selling crypto asset securities known as Founder’s Keys without having a registered statement filed or in effect with the SEC or qualifying for an exemption from registration.

The SEC ordered the Respondent to pay $5,120,718.27 in disgorgement, $483,195.90 in prejudgment interest, and a $500,000.00 civil money penalty, for a total of $6,103,914.17, to the SEC. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected, along with the disgorgement and interest collected, could be distributed to harmed investors (the “Fair Fund”).

The Fair Fund will be paid out according to the Plan of Distribution (“Plan”).

A summary of the eligibility criteria and claims process is below. Full details are available at www.ImpactTheoryFairFund.com. You may also request a copy of the Plan from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401.

Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have:

1. purchased or acquired Founder’s Keys between October 13, 2021, and December 6, 2021;
2. submitted a timely Claim Form;
3. suffered a Recognized Loss as calculated under the Plan; and
4. not been an Excluded Party under the Plan.

How do I submit a Claim? The easiest way to submit a claim is online at the Impact Theory Fair Fund website: www.ImpactTheoryFairFund.com. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on August 15, 2025.

If you are unable to submit a Claim Form online and/or you have lost relevant credentials associated with wallets and/or exchanges required as part of an online claim, you may request a copy of the paper Claim Form from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401. You may also download a copy of the Claim Form to print at: www.ImpactTheoryFairFund.com. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by August 15, 2025.

The Fund Administrator will send a Determination Notice advising each claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of Recognized Loss to those determined to be Eligible Claimants. The Fund Administrator may consider disputes of an Eligible Claimant’s Recognized Loss calculation if timely submitted in accordance with the Plan.

This notice is a summary. For more information, visit
www.ImpactTheoryFairFund.com

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SOURCE Simpluris Inc.

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Robinhood Markets (NASDAQ:HOOD) is accelerating its crypto expansion strategy under the Trump administration, capitalizing on a friendlier regulatory environment. Once known for meme stock trading, Robinhood is now pushing deeper into cryptocurrency services, diversifying beyond traditional brokerage offerings.

With SEC scrutiny easing and crypto markets rallying, the company is poised for major growth. Here’s how Robinhood Crypto Expansion is set to reshape the industry.

Robinhood Eyes Global Crypto Dominance

Robinhood made headlines with its $200 million acquisition of Bitstamp in 2024, a move designed to strengthen its crypto trading platform. While regulatory pressures from the SEC previously slowed its progress, the company is now ready to ramp up its global presence.

Chief Financial Officer Jason Warnick emphasized that Robinhood wants its crypto business to be global and as big as possible. The recent appointment of crypto advocate Paul Atkins as SEC chair under Trump could remove roadblocks that hindered Robinhood’s growth in the sector.

Crypto Trading Revenue Surges for Robinhood

Robinhood has already seen significant financial benefits from its crypto expansion. In Q4 2024, the company generated $358 million in revenue from crypto trading alone, accounting for more than half of its total transaction-based revenue.

The trading volume on the platform skyrocketed from $14 billion in Q3 to $71 billion in Q4, fueled by renewed interest in Bitcoin and other digital assets. This surge highlights Robinhood’s increasing role in the crypto ecosystem.

Tokenization: The Future of Stock Trading?

One of Robinhood’s most ambitious projects is exploring tokenization, which involves putting real-world assets like stocks on the blockchain. According to Warnick, tokenization could revolutionize how equities are traded, improving efficiency and transparency.

Robinhood is urging the SEC to clarify regulations on which tokens qualify as securities or commodities, enabling U.S. platforms to compete with global players in blockchain-based trading.

Robinhood’s Push Into Stablecoins

Stablecoins are another key component of Robinhood Crypto Expansion. The company has joined forces with other crypto firms to create the Global Dollar Network, which operates with its own stablecoin, USDG.

This initiative allows Robinhood to settle trades outside of standard banking hours and could open up new opportunities for users to earn yield on stablecoin holdings.

Competing With Coinbase in the U.S. Market

With regulatory pressure easing, Robinhood is positioning itself as a direct competitor to Coinbase (NASDAQ:COIN). Analysts predict that the company’s aggressive approach to launching crypto products could steal market share from existing platforms.

John Todaro, a senior research analyst at Needham, stated that Robinhood is now free to pursue innovation without SEC constraints, allowing it to scale its crypto offerings faster than ever.

Maintaining Cost Discipline Amid Expansion

Despite its ambitious crypto push, Robinhood remains committed to cost control. The company plans to keep cost growth in its existing business to low single-digit percentages while ensuring new product launches are lean and efficient.

By maintaining financial discipline, Robinhood aims to reduce risks associated with the volatile crypto market while maximizing long-term profitability.

Conclusion

Robinhood’s crypto expansion is gaining traction under the Trump administration, with regulatory barriers lifting and market conditions improving. The company’s focus on global growth, tokenization, and stablecoin innovation positions it as a rising force in the industry.

As Robinhood accelerates its crypto strategy, investors will be watching closely to see if it can sustain momentum and challenge established players like Coinbase.

By leveraging a more crypto-friendly regulatory landscape, Robinhood is strategically positioning itself for long-term success. Its ability to innovate in tokenization, stablecoins, and global crypto services could reshape the industry. If the company executes its expansion plan effectively, it may emerge as a dominant player in the next phase of digital finance.

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One tweet has once again sent the crypto market into a frenzy. Tesla (NASDAQ:TSLA) CEO Elon Musk unknowingly sparked a 500% surge in FloppyPepe Token, fueling speculation that this little-known cryptocurrency could follow in Dogecoin’s (CRYPTO:DOGE) footsteps. With crypto insiders buzzing about its potential, could FloppyPepe Token be the next big meme coin?

Elon Musk’s Influence on FloppyPepe Token

Elon Musk has a long history of shaking up the crypto space with a single tweet, and this time is no different. On December 31, 2024, Musk changed his X (formerly Twitter) profile name to “Kekius Maximus” and updated his avatar to a Pepe the Frog meme.

Almost immediately, the FloppyPepe Token saw its value skyrocket by 500%. While Musk never directly mentioned the token, his association with the Pepe meme drove investors into a buying frenzy. A similar scenario unfolded with Dogecoin, which saw its price explode after Musk frequently tweeted about it.

Crypto analysts now wonder: Is FloppyPepe Token the next Dogecoin?

FloppyPepe Token: More Than Just Hype?

Unlike many meme coins driven purely by hype, FloppyPepe Token is integrating artificial intelligence (AI) into its ecosystem. The project features AI-powered tools such as:

AI Video Agent: Generates high-quality meme videos.

AI Text-to-Image Agent: Transforms text prompts into unique images.

By blending AI technology with meme culture, FloppyPepe Token is positioning itself as more than just another viral cryptocurrency—it’s aiming to be a creative movement in the digital space.

FloppyPepe Token’s Deflationary Model

One key factor that sets FloppyPepe Token apart is its deflationary tokenomics model. The project burns 1% of all transactions, reducing the overall supply and potentially increasing value over time. This mechanism helps fight inflation, making the token more scarce as its adoption grows.

Additionally, holders benefit from passive income opportunities, earning 1% on every transaction through staking rewards. This incentive structure has contributed to FloppyPepe Token’s rapidly growing community.

Security and Expansion Plans

FloppyPepe Token isn’t just about hype; it has taken steps to ensure security and transparency. The project has undergone a rigorous audit by Solidproof, reinforcing trust within the crypto space.

It also has ambitious expansion plans, aiming to operate across multiple blockchains, including Binance Smart Chain (CRYPTO:BNB) and Polygon (CRYPTO:MATIC). This cross-chain functionality could significantly boost adoption and scalability.

FloppyPepe Token Presale Gains Momentum

Interest in FloppyPepe Token is soaring, with its private sale raising $907,200 in just 24 hours. The presale is ongoing, with the token currently priced at $0.0000002, making it an attractive entry point for early investors.

To further cement its place in the meme economy, FloppyPepe Token has partnered with a top-tier artist to create exclusive, hand-drawn digital artwork inspired by Matt Furie’s original Pepe the Frog.

Could FloppyPepe Token Be the Next Dogecoin?

While it’s too early to say whether FloppyPepe Token will reach the heights of Dogecoin, it has strong momentum behind it. With:

Elon Musk’s indirect influence

AI-powered utilities

A deflationary model

Security audits and multi-chain expansion

FloppyPepe Token is shaping up to be more than just another short-lived crypto trend.

Conclusion

In the unpredictable world of crypto, one Musk tweet can change everything. FloppyPepe Token has surged by 500%, fueled by meme culture and AI-driven utility.

Will it become the next Dogecoin? That remains to be seen—but for now, crypto insiders are watching closely. If FloppyPepe Token maintains its momentum, it could cement itself as a leading meme coin. Its AI-powered ecosystem, deflationary model, and strong community support give it the potential to last beyond the initial hype. Investors should keep an eye on its development, as projects that combine technology with strong branding often stand the test of time in the ever-evolving cryptocurrency landscape.

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DUBAI, UAE, Feb. 23, 2025 /PRNewswire/ — In a remarkable display of resilience and professionalism, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully navigated the largest hack in crypto history. On February 21, 2025, hackers stole approximately $1.5 billion in digital assets from Bybit’s Ethereum wallet, marking the biggest cryptocurrency heist ever recorded. Despite this unprecedented breach, Bybit’s swift and transparent crisis management ensured that the crypto market remained stable, with no significant price volatility.

Swift Crisis Management

Bybit’s response to the hack was marked by swift action, transparency, and professionalism.  Ben took immediate ownership of the situation, addressing the community within 30 minutes via X and conducting a livestream session just one hour after the incident. This live session, which lasted over two hours, provided real-time updates and detailed explanations, ensuring that all stakeholders were informed and reassured. Bybit’s prompt and open communication effectively prevented panic and maintained trust in the exchange, setting a high standard for crisis management in the crypto industry

Throughout the crisis, Bybit’s withdrawal and product services remained uninterrupted, with clients able to access support and their respective relationship managers at all times. This seamless continuity was a testament to the team’s preparedness and efficiency, even under extreme pressure.

Industry Unity in Support of Bybit

The crypto industry rallied around Bybit, demonstrating a united front against security threats. Major exchanges blacklisted the hacker’s wallets, preventing further movement of stolen funds. This unprecedented show of unity underscores the growing maturity of the crypto sector, where competitors become allies in times of need.

Client Fund Protection

Despite the significant scale of the hack, Bybit’s 1:1 reserve guarantee ensured that client assets remained fully intact. Bybit CEO Ben Zhou reassured users that Bybit is solvent and can cover the loss, emphasizing that all client assets are backed on a one-to-one basis. This guarantee demonstrates Bybit’s financial stability and commitment to user security.

Regulatory and Law Enforcement Collaboration

Bybit worked closely with regulators and law enforcement agencies to address the hack. This collaboration not only facilitated a swift response but also set a precedent for future cooperation between the crypto industry and regulatory bodies. As the incident unfolds, further developments are expected from this front, potentially leading to enhanced security measures and regulatory frameworks.

Rapid Recovery

Bybit demonstrated remarkable resilience in the face of the crisis, processing over 350,000 withdrawal requests efficiently within 12 hours of the hack. Despite the surge in withdrawal requests, the exchange ensured that all transactions were completed without significant delays, showcasing the team’s professionalism and experience in managing critical incidents. Bybit’s operations quickly returned to normal, with client activity rebounding to pre-hack levels within 24 hours. This swift recovery underscores the trust that clients and investors have in Bybit’s crisis management capabilities, highlighting the exchange’s ability to maintain stability even in the most challenging circumstances

Bybit’s handling of the recent hack sets a new industry standard for crisis management. The exchange’s ability to turn a potentially disastrous event into a demonstration of resilience and transparency is a testament to its long-standing culture of responsibility and openness. This incident highlights not just Bybit’s operational excellence but also the growing maturity and unity of the crypto industry as a whole.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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DUBAI, UAE, Feb. 22, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, extends its heartfelt thanks to the global crypto community for the overwhelming support received in the wake of a recent security incident. This unprecedented show of solidarity has not only reinforced Bybit’s resilience but has also laid the foundation for stronger industry-wide measures to counter and prevent future hacking incidents. From institutional liquidity providers to leading blockchain security firms, the swift and coordinated response has exemplified the strength of the Web3 community.

A United Front Against Threats

As soon as the incident was detected, Bybit’s security team took immediate action—locking down systems, securing funds, and collaborating with top cybersecurity experts. The exchange received overwhelming support from key players across the industry, all working together to track, contain, and mitigate the impact of the exploit.

Ben Zhou, Co-Founder and CEO of Bybit, expressed his gratitude:

“It’s been a challenging period for Bybit, but one thing is clear—our partners have our backs. The support from Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, Solana Foundation, Ton Foundation, Ghaf Capital, Fenbushi, Bitvavocom, Tether and many others has been nothing short of incredible. Your trust, quick action, and solidarity mean everything. We’re moving forward, stronger and more determined than ever. Thank you for standing with us.”

Industry Leaders Take Immediate Action

Several major players in both DeFi and CeFi swiftly mobilized to prevent further movement of stolen funds and uphold market stability:

• Orbiter, deBridge, SynFutures, MYX, Thruster and Owlto blacklisted exploit-related addresses, preventing unauthorized transfers.
  
• Chainalysis rapidly tracked and published the exploiter’s wallet addresses, enabling a coordinated industry-wide response.
  
• SIS cross-chain bridge stepped up to block associated addresses, restricting the attacker’s ability to launder assets.
  
• Zero Shadows activated its 24/7/365 Global Response team, collaborating closely on Bad Actor Tracing and Identification, Funds Tracing, and Law Enforcement Communications to support the investigation and recovery efforts.
  
• Institutional clients, including TMSI, Bayside trading, Mathrix, Wintermute, Cumberland, GSR Markets, maintained their trading positions, reinforcing stability amid uncertainty.

“Their trust in us, despite the circumstances, speaks volumes about the maturity and resilience of this industry,” Ben added. “It shows a defining moment that proves crypto’s strongest players stand together when it matters most.”

A Community That Stands Together

Bybit also acknowledged the unwavering support from its VIP clients, traders, and broader user base. Messages of encouragement and patience from the community have been instrumental as the exchange works around the clock to enhance security measures and safeguard funds.

“While this has been a difficult moment, it is also a powerful reminder of why we are here—to build an open, resilient, and decentralized financial future,” Ben said. “The real work has just started, and with this level of unity in this space, we know we’ll come back even stronger.”

Bybit remains committed to transparency and will continue to provide updates as it implements additional security enhancements. The exchange is working closely with industry leaders to set new standards for crisis management, ensuring the safety and trust of its users while strengthening the broader industry’s defenses against future threats.

#Bybit / #TheCryptoArk

//ENDS

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press.

For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-expresses-deep-gratitude-as-crypto-industry-unites-against-security-threats-302382806.html

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