New court documents reveal that collapsed crypto exchange FTX owes money to a slew of marquee businesses, including Apple and Netflix. FTX, which went bankrupt in November, allegedly owed billions of ...
Tag: Court
Crypto Giant Grayscale To Face SEC in Court To Push for Converting Its Bitcoin Investment Product Into ETF
Crypto giant Grayscale says the oral argument for its lawsuit against the U.S. Securities and Exchange Commission (SEC) will happen earlier than expected. Grayscale filed the suit last year to contest...
Bitcoin miner Hut 8 takes dispute with power supplier to court
Canadian bitcoin miner Hut 8 is taking a contract dispute with its energy provider to court. The miner filed a statement of claim in the Superior Court of Justice of Ontario against Validus Powe...
Ripple v. SEC court case update as of January 26, 2023
The legal battle between Ripple and the Securities and Exchange Commission (SEC) has entered a crucial stage as both parties await the final judgment date, which remains uncertain. Amid the lingering ...
Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financi...
Court Orders Celsius To Process Customer Withdrawals And Airdrop Flare Token
– Advertisement – Celsius will process the withdrawals of certain customers following authorization by the bankruptcy court. A second court order authorized a Flare token airdrop to eligi...
Court to hear oral arguments in Grayscale’s lawsuit against the SEC in March
A United States appeals court is set to hear the oral arguments relating to Grayscale Investment’s lawsuit against the Securities and Exchange Commission (SEC) over its decision to deny Grayscale’s Bi...
Grayscale Won’t Back Down Even If Court Backs SEC’s Spot Bitcoin ETF Decision
In June 2022, Grayscale sued the Securities and Exchange Commission (SEC) after the regulator had once more declined to convert the Grayscale Bitcoin Trust (GBTC) to a spot ETF. The case is expected t...
Grayscale vs. SEC Heats Up: Court Hearing Preponed To March 7!
The U.S. Securities and Exchange Commission (SEC) denied Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) vehicle to a spot Bitcoin, and Grayscale has now chosen to sue the SEC in...
JPMorgan ‘hates Tesla and me,’ Musk says in court
Tesla Inc. TSLA Chief Executive Elon Musk on Tuesday shed more light onto the often-acrimonious dealings between the EV maker and JPMorgan Chase & Co. JPM Musk said in a federal trial over his “fu...
SEC and Grayscale to Debate on a Bitcoin ETF in Court in March
The world’s largest digital asset manager – Grayscale – will reportedly present its arguments in court regarding the potential launch of a Bitcoin ETF in the US on March 7. The United States Securiti...
Court Sets Date For Grayscale Vs. SEC
The insolvency of Genesis Trading and the related uncertainty about the future of Digital Currency Group (DCG) and Grayscale have not really dampened the mood on the Bitcoin market in recent weeks. Ge...
BlockFi exec argues bankruptcy court should approve bonuses to retain talent
Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings. In a Jan. 23 declaration for...
Supreme Court Lets The IRS Evade The Eighth Amendment, Only Gorsuch Dissents
The U.S. Supreme Court on Monday declined to hear the case of Monica Toth, an 82-year-old grandmother who was fined over $2 million by the IRS for failing to file a one-page form. Represented by the I...
Elon Musk tells court Saudi Arabia wanted to take Tesla private, $420 ‘not a joke’
Elon Musk testified Monday he believed he had funding secured to take Tesla Inc. private in 2018, both from a Saudi Arabian investment fund and from his stake in SpaceX, and that one of his key tweets...
Bankrupt crypto lender BlockFi urges court to approve bonuses amid ‘war for talent’
BlockFi is urging the court to approve the payment of bonuses as the crypto lender struggles to retain staff following its filing for Chapter 11 bankruptcy protection. “Despite an incredib...
Ripple v. SEC court case update as of January 23, 2023
The legal battle between the United States Securities and Exchange Commission (SEC) and crypto firm Ripple has extended into the third year, but the end may be in sight. Indeed, after both parties ma...
Supreme Court To Decide If “Home Equity Theft” Is Unconstitutional
The U.S. Supreme Court agreed to hear the case of Geraldine Tyler, a 94-year-old widow who had her entire home’s equity confiscated after she failed to pay $2,300 in property taxes. Although the case ...
FTC asks court to hold Martin Shkreli in contempt for launching new drug company
Martin Shkreli, whom you may know as “Pharma Bro,” launched a new company last year called “Druglike, Inc.” Now, the Federal Trade Commission (FTC) has asked a federal judge to...
Objectors to FTX Using Sullivan & Cromwell as Its Law Firm Seek to Delay Court Hearing
Individual objectors have sought to delay an FTX hearing in the United States Bankruptcy Court in the district of Delaware scheduled at 10:00 a.m. EST on January 20, 2023 expected to be about whether ...
Ripple Vs SEC: Judge Torres Holds the Key to Ripple’s Future: Deaton Claims “Outright Victory” in Court Battle
After years of litigation between Ripple (XRP) and the SEC, the judge’s closing ruling could be the final stage. There have been numerous theories and predictions made in relation to this lawsuit. The...
$2 Million Lawsuit Filed Against Compass Mining Dismissed by Court
4 hours ago | 2 mins read Bitcoin News Plaintiffs can submit their second amended lawsuit by two weeks. Compass did little to assist clients in recovering their lost devices as per the claim. Compass ...
FTX Finally Gets Court Approval For This Despite Much Controversy
The judge presiding over the FTX Group bankruptcy case declined to appoint a different legal team to handle the Chapter 11 lawsuit for the insolvent crypto exchange; deciding that last-minute criticis...
Court documents show Genesis had $5.1B in liabilities
Bankruptcy court documents filed by Genesis interim CEO Derar Islim show that the now-defunct crypto lending platform owed $5.1 billion to its creditors weeks before it paused withdrawals following th...
UK Court Sentences Four In Multimillion Euros Bitcoin Fraud Case ⋆ ZyCrypto
Advertisement     Four individuals linked to the theft of £21m in Bitcoin from an Australian crypto exchange were sentenced by a UK court on Friday, Jan 13, bringing t...
Supreme Court justices questioned in abortion leak probe
Anti-abortion demonstrators take part in the annual “March for Life” for the first time since the U.S. Supreme Court overturned Roe v Wade abortion decision, in Washington, January 20, 202...
Supreme Court Says It Still Can’t Figure Out Who Leaked Abortion Opinion
Topline The Supreme Court issued a report Thursday on its investigation into who leaked a draft of its historic opinion overturning Roe v. Wade last year, saying it had not yet identified the person r...
Law firm Sullivan & Cromwell to face scrutiny in FTX bankruptcy hearing Friday
Sam Bankman-Fried used to work out of Sullivan & Cromwell’s office in New York City. Now, the law firm is facing scrutiny over whether it can investigate FTX, the disgraced former billionaire’s cr...