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PortuguêsThe attorneys for brothers Ishan and Nikhil Wahi want the case thrown out, arguing that the Securities and Exchange Commission was wrong when it charged the pair. A former product…
Continue ReadingDigital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval. Genesis Global has announced it…
Continue ReadingThe decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts. A proposed class action…
Continue ReadingThe new class action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors. Troubled cryptocurrency fintech Yuga Labs is…
Continue ReadingThe ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance. The Ministry of…
Continue ReadingFTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour. Controversial law firm Sullivan & Cromwell…
Continue ReadingThe lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada. Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its…
Continue ReadingJoseph Bankman, Barbara Fried and Gabriel Bankman-Fried could reportedly face questions in bankruptcy court about any financial benefits they may have received from FTX. Lawyers representing FTX in bankruptcy court…
Continue ReadingThe lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol. Mango Labs, the company behind…
Continue ReadingThe documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake. Bankrupt crypto lending firm BlockFi has reportedly uploaded financials by accident,…
Continue ReadingGrayscale previously anticipated being able to voice their arguments in the second quarter of the year, calling the recent motion “welcome news.” A United States appeals court is set to…
Continue ReadingAmid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit. Troubled cryptocurrency company Digital Currency Group (DCG) is…
Continue ReadingAccording to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options” amid bankruptcy proceedings. Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a…
Continue ReadingA ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange. The ongoing saga of the…
Continue ReadingMore than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded…
Continue ReadingThe former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF…
Continue ReadingNexo has denied reports that the firm has experienced massive outflows amid office raids and an ongoing investigation against the firm. Troubled cryptocurrency firm Nexo is planning to sue the…
Continue ReadingA Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal,…
Continue ReadingA federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year,…
Continue ReadingThe commodities regulator has begun the process of getting a court ruling on the Ooki DAO case after the latter failed to respond to the lawsuit by the deadline. The…
Continue ReadingAuthorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange. The man, who was arrested and charged for extorting the trading…
Continue ReadingFTX did not hold back on company expenses in the Bahamas, according to court documents. FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights,…
Continue ReadingFTX’s former compliance chief Daniel Friedberg started working for Sam Bankman-Fried in 2017 and resigned from FTX days before the exchange collapsed. Daniel Friedberg, controversial lawyer who served as top…
Continue ReadingWith the prolonged bear market in crypto ongoing, one will think most people should be losing money. While that is true, another thing also true is the increase in crimes…
Continue ReadingJudicial rulings require Iranian authorities to release a part of the 150,000 crypto mining equipment previously seized due to energy concerns. Iranian authorities seized numerous crypto mining equipment over the…
Continue ReadingFollowing a court hearing on Dec. 22, SBF was released on bail and is slated to appear on court on Jan.3 before U.S. District Judge Lewis Kaplan in Manhattan. Former…
Continue ReadingA shop with obscure brand partners and generic texts, where you can’t really buy anything. As the malpractices of the FTX continue to pop up and be uncovered by the…
Continue ReadingA group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the…
Continue ReadingPlaintiffs have alleged that the products have not been registered, which prevented them from receiving disclosures to better assess the risks of using Gemini Earn. Tyler and Cameron Winklevoss, founders…
Continue ReadingCustomer class members don’t want to stand in line along the creditors of a failed crypto platform. While the government agencies are queuing to sue the FTX and its founder…
Continue ReadingAn affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi. Sam Bankman-Fried,…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise…
Continue ReadingJudge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a…
Continue ReadingOne of the biggest banks in America once again paid a billion-dollar-scaled fine for the illegal treatment of its customers. Amid the heated-up news steam about the FTX drama, Ripple…
Continue ReadingFormer Alameda Research CEO could be released on a $250,000 bail, but she’s not allowed to leave the United States. One of the key witnesses on the ongoing FTX investigation…
Continue ReadingThe alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist…
Continue ReadingThe FTX founder has reportedly signed on the dotted line, bringing him a step closer to returning to US soil. Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange…
Continue ReadingAccording to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a…
Continue ReadingASIC claimed a crypto yield-bearing product from Finder’s registered exchange was unlicensed, the firm disagreed but refused to say if it would fight the suit. Financial product comparison website Finder.com…
Continue ReadingThe indictment from the Southern District of New York names only Sam Bankman-Fried, but contains allegations of illegal activities by “individuals known and unknown” as well. The indictment against Sam…
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