Insolvency lawyer warns of long delay in recovery of lost funds. FTX filed for bankruptcy on November 11th. Those who lost funds in the FTX collapse might not get all their money. Recovery costs will ...
Tag: Lawyers
First US DAO to battle SEC without lawyers
Concerning the 2021 token registrations, the first legally recognized decentralized autonomous organization (DAO) in the United States has launched a lawsuit against the Securities and Exchange Commis...
FTX owes nearly $3.1B to creditors, lawyers warn about “Enormous Exercise”
Investors are curious as to when they will get their money from the now-defunct cryptocurrency exchange FTX. Unfortunately, insolvency attorneys have cautioned that it might take “decades.” The crypto...
Legal Personhood For AI Is Taking A Sneaky Path That Makes AI Law And AI Ethics Very Nervous Indeed
Should AI be granted legal personhood is perhaps being replaced with the fact that apparently AI can … [+] already garner legal personhood via a bit of corporate trickery. getty Would you like t...
Lawyers Warn It Could Take Decades To get Funds out of FTX
FTX’s sudden and drastic collapse has resulted in shivers of horror spreading throughout the crypto ecosystem. The Crypto exchange filed for Chapter 11 bankruptcy protection in the US on November 11. ...
Getting funds out of FTX could take years or even decades: Lawyers
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along ...
‘Everyone’s learning crypto bankruptcy right now.’ The FTX crash is set to be a ‘gold rush’ for lawyers
The spectacular collapse of cryptocurrency exchange FTX has been compared to the collapse of Lehman, Enron and the Bernie Madoff scandal. And just like in those cases, lawyers steeped in crypto know “...
SBF’s lawyers terminate FTX representation due to conflicts of interest
Paul, Weiss, the law firm backing FTX CEO Sam Bankman-Fried (SBF) amid bankruptcy, renounced representing the entrepreneur, citing a conflict of interest. The decision to withdraw from representation ...
Justice Department advises crypto lawyers not tip off clients about investigations
The Department of Justice doesn’t want lawyers tipping off their clients about investigations, a representative cautioned. “We recommend that the private sector, when we are dealing with DeFi or...
Brittney Griner Moves To Russian Penal Colony As Her Lawyers Warn They Don’t Know Her Precise Location
Topline WNBA star Brittney Griner is being transferred to a Russian penal colony after being convicted in August of possessing and smuggling drugs, her legal team said on Wednesday, bleak news for the...
Saying ‘not financial advice’ won’t keep you out of jail — Crypto lawyers
Crypto influencers may need to practice what they preach and “do their own research” when it comes to sharing their crypto tips. According to several digital asset lawyers, the popular disclaimer “Thi...
Trump’s Lawyers Reportedly Wanted Clarence Thomas To Help Overturn 2020 Election, Emails Show
Topline Trump’s legal team wanted Supreme Court Justice Clarence Thomas to rule on their lawsuits challenging the 2020 election because they believed he would be their “only chance” at a ruling that c...
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
Core Scientific’s woes reflect the depressed state of the bitcoin mining industry, with firms facing the squeeze of a bitcoin bear market and higher energy costs. Most recently, bitcoin miner Ar...
Lawyers Are Now Dropping NFTs to Serve Court Orders – Trustnodes
The dusty wigs of times gone by that roam the stuffy chancellery halls doth still play with most new things, like Non Fungible Tokens (NFTs) that are suddenly put to a service no one has quite thought...
Ripple Lawyers Merge the Last Piece with Legal Puzzle
Since the duo of blockchain payments firm Ripple Labs Inc and the United States Securities and Exchange Commission (SEC) requested an expedited judgment per its long-protracted lawsuit, more updates h...
The No-Nonsense Comprehensive Compelling Case For Why Lawyers Need To Know About AI And The Law
AI and the law is a vital upcoming profitable opportunity for lawyers, law firms, and law students. getty The gauntlet had been thrown. You see, I was the invited keynote speaker at a major legal indu...
DAOs Aren’t People, Crypto Lawyers Tell Court in CFTC’s Ooki Case
Still, it’s how the CFTC has brought these charges that has attorneys in the crypto industry sounding alarm bells. The agency sought court permission to serve the entire DAO at once by posting t...
SEC lawyers Have a Very Rough Understanding of Crypto
The Merge: Ethereum and its long-awaited migration from its current “Proof-of-Work” consensus mechanism to a “Proof-of-Stake” system finally happened. A process that is supposed to look seamless from ...
Next Steps in Case, In Lawyer’s Opinion, After Ripple’s Major Achievement
Gamza Khanzadaev XRP holder representative on Ripple’s major achievement and next steps in battle with SEC John Deaton, founder of CryptoLaw and a representative of XRP holders, gave a summary o...
SEC Must Turn Over Emails About Ethereum—But It Won’t Help Ripple, Lawyers Say
Ripple notched another procedural victory late this week in its ongoing legal battle with the Securities and Exchange Commission, which sued the crypto payments firm in 2020 for the unregistered sale ...
Lawyers For Celsius Investors Filed Notice of Motion
The Lawyers for Celsius called for the Court to appoint a committee that represents assured and confident shareholders. The legal team wants to finish up the case as “inappropriately and inquitably sk...
Lawyers for Celsius investors file motion to have interests represented in court
An international law firm representing groups of Celsius investors has filed a motion to appoint a committee to represent their interests in the crypto lending firm’s bankruptcy case. In a Thursday fi...
Hodlonaut’s Tweets a ‘Reckless Campaign’ Against Craig Wright, Lawyers Say, as Satoshi Trial Reaches Conclusion
Tweets sent in 2019 by Hodlonaut, whose identity has since been revealed as Magnus Granath, were a “lasting, well-thought-through and reckless campaign that others were to take part in,” Wright’s lawy...
Ripple Lawyers Should Feel Confident In The Lawsuit
SEC sued Ripple Labs in late 2020 SEC alleged that the payments firm issued XRP as an unregistered security Congress gave the SEC jurisdiction over securities only Conspicuous XRP-supporting lawyer Jo...
Intellectual property has an awkward fit in Web3 decentralization — Lawyers
Intellectual property (IP) rights will continue to be a growing area of tension within Web3 and nonfungible tokens (NFTs), as IP rights often rely on a single “identifiable entity,” while Web3 is more...
Ripple Lawyers Should Feel Confident in XRP Lawsuit Summary Judgement, Says Crypto Legal Expert
Prominent XRP-supporting attorney John Deaton says that Ripple Labs’ general counsel has reason to be confident as the company moves to end its lawsuit with the U.S. Securities and Exchange Commission...
Craig Wright Will Not Present Cryptographic Proof He’s Satoshi, His Lawyers Say At Hodlonaut Trial
The Norwegian trail is one of two coexisting cases based on a series of tweets since March 2019 in which Hodlonaut expressed doubt about Wright’s note to be Satoshi and called him a “fraud” and a “sc...
Craig Wright Won’t Give Cryptographic Proof He’s Satoshi, His Lawyers Say at Hodlonaut Trial
Satoshi, Manshaus said, means “Ash” in Japanese – and Wright chose it because he wanted Bitcoin to take down the legacy financial system, and “rise like a phoenix from its ashes.” It had the added ben...
Twitter’s $7 million whistleblower payout violates purchase deal, Musk’s lawyers argue
A judge recently ruled that Elon Musk can use the allegations made by Twitter whistleblower Peiter Zatko as part of the arguments in his countersuit against the company. As it turns out, Musk intends ...
5 Top Crypto Lawyers Join Law Firm Brown Rudnick’s Digital Commerce Practice
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