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The Scottish government says it will hold an independent public inquiry into how it has handled the COVID pandemic by the end of the year, following pressure from bereaved families.

The government has said the inquiry will be established by the end of this year to “scrutinise decisions taken in the course of this pandemic, and learn lessons for future pandemics”.

People in Scotland have until the end of September to email the government about what they think the aims and principles of the inquiry should be.

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Nicola Sturgeon
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Nicola Sturgeon said the inquiry will be ‘people-centred’

First Minister Nicola Sturgeon’s government had promised to take the “necessary steps” to establish a public inquiry within its first 100 days in office after calls for one by the families of those who died with COVID-19.

Discussions are under way to identify and appoint a judge to chair the inquiry.

As Scotland experienced its largest-ever daily number of COVID cases, Ms Sturgeon said the inquiry “will take a person-centred, human rights approach”.

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She said the inquiry will look into “all matters”, including how the situation in care homes was handled.

The first minister said she will be talking to the UK, Welsh and Northern Irish governments about the likely terms of a UK-wide inquiry.

“It will be important to avoid duplication and overlap but co-operation with other governments is no reason to delay an inquiry,” she added.

“This inquiry has an important role to play in scrutinising decisions we took, and continue to take, and to identify lessons for the future.”

Edinburgh
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Scotland’s COVID situation has got worse this week

Aamer Anwar, a lawyer representing members of the Scottish branch of the COVID-19 Bereaved Families for Justice, said: “The families are grateful that the Scottish government has listened to their demands and an independent Scottish public inquiry into the circumstances surrounding the deaths and the subsequent handling of the COVID pandemic will now take place.

“Today is the first important step in establishing accountability for 10,421 lives lost to COVID-19 in Scotland.

“Boris Johnson should take note that his government can no longer be allowed to hold the process back from asking difficult questions.

“There were 154,811 COVID-19 deaths in the UK, every single death represents failure and public inquiries cannot be delayed any longer by a UK government, whether it be in England, Wales or Northern Ireland.”

The changing face of the high street. People cast shadows walking past a social distancing information sign painted on the pavement on the high street in Dundee in Scotland, some six months on from the evening of March 23 when Prime Minister Boris Johnson announced nationwide restrictions.
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Scotland has been under different COVID rules than England as health is devolved

He added that the Scottish inquiry must be “truly independent and leave no stone unturned” and the families of those who have died “must be at the heart of the inquiry process to get to the truth of what happened”.

The public can email COVID-19publicinquirysetupteam@gov.scot with their ideas and comments about what the basis of the inquiry should be.

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MEV trading returns to court in Pump.fun class-action lawsuit

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MEV trading returns to court in Pump.fun class-action lawsuit

A US court is once again being asked to weigh in on maximal extractable value practices after a judge allowed new evidence to be added to a class-action lawsuit tied to a memecoin platform.

The judge granted a motion to amend and refile to include new evidence a class-action lawsuit against memecoin launch platform Pump.fun, the maximal extractable value (MEV) infrastructure company Jito Labs, the Solana Foundation, which is the nonprofit organization behind the Solana ecosystem, and others.

The motion said over 5,000 pieces of evidence in the form of internal chat logs were submitted by a “confidential informant” in September that were previously unavailable. The filing said:

“Plaintiffs assert that the logs contain contemporaneous discussions among Pump.fun, Solana Labs, Jito Labs, and others concerning the alleged scheme, and that they materially clarify the enterprise’s management, coordination, and communications.”

Solana
The first page of the motion to amend the case to include new evidence, which was granted. Source: Burwick Law

The lawsuit, originally filed in July, alleges that the Pump.fun platform deliberately misled retail investors by marketing memecoin launches as “fair,” but engaged in a scheme with Solana validators to front-run retail participants through maximal extractable value (MEV).

Maximal extractable value is a technique that involves reordering transactions within a block to maximize profit for MEV arbitrageurs and validators. 

The plaintiffs allege that Pump.fun used MEV techniques to give insiders preferential access to new tokens at a low value, which were then pumped and dumped onto retail participants, who were used as exit liquidity by insiders.

Cointelegraph reached out to Burwick Law, the legal firm representing the plaintiffs, as well as Pump.fun, Jito Labs and the Solana Foundation, but did not receive any responses by the time of publication.

Solana
The allegations in the original lawsuit filing. Source: Burwick Law

The lawsuit could set a precedent for MEV cases in the United States, as the ethics of the practice continue to be debated within the crypto industry and legal bodies struggle to define proper regulations about the highly technical subject.

Related: Pump.fun co-founder denies $436M cash out, claims it was ‘treasury management’

The MEV bot trial leaves questions unanswered

Anton and James Peraire-Bueno, the brothers accused of using a MEV trading bot to make millions of dollars in profit, went to trial in November in the US.

Prosecutors argued that the brothers tricked victims out of their funds, but defense attorneys said that they were executing a legitimate trading strategy and did not do anything illegal.

The jury struggled to reach a verdict in the case, and several jurors requested additional information to clarify the complexities surrounding the technical specifics of blockchain technology.

The case ended in a mistrial after the jury was deadlocked and failed to reach a verdict, highlighting the complexity of adjudicating legal disputes surrounding the application of nascent financial technology.

Magazine: Meet the onchain crypto detectives fighting crime better than the cops