Hedge fund Fir Tree Capital Management is suing crypto investment fund Grayscale Investments for information to investigate potential mismanagement and conflicts of interest, Bloomberg News reported, ...
Tag: Legal
Sam Bankman-Fried hires white-collar attorney who represented Ghislaine Maxwell
Sam Bankman-Fried is lawyering up (again) after his crypto exchange came crashing down. The former FTX CEO hired white-collar attorney Mark Cohen, a spokesperson for Bankman-Fried confirmed. Th...
Judge signs off on subpoenas to 3AC’s Su Zhu and Kyle Davies
A federal bankruptcy judge approved subpoenas for the founders of Three Arrows Capital, a Singapore-based crypto hedge fund that went belly up earlier this year. The subpoenas call on the 3AC f...
Legal Battle Between The SEC & Ripple Progresses
A long fight between the SEC and Ripple is progressing, as far as we can tell, and the results may have a big impact on the crypto sector. In the wake of major crypto market setbacks, some crypto comp...
Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov
Bank of Indonesia Governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec...
Ripple vs SEC: Legal Spat Draws Conclusion After 2 Years
As the battle entered the final round, both parties involved filed their redacted replies in support of their respective motions for summary judgment on December 2nd. Stuart Alderoty, General Counsel ...
Massively Brewing “Trust Recession” Aims To Erode Responsible AI Says AI Ethics And AI Law
Efforts toward Responsible AI and building trust in AI are being thwarted by the societal massive … [+] trust recession, so be on the watch. getty I’m sure you are familiar with the old saying t...
Two-Year Legal Battle for XRP Nears the End
Ripple’s two years legal battle with the U.S. Securities and Exchange Commission (SEC) is drawing to a close. The crypto company has filed a response to the commission’s opposition to its motion for s...
Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing w...
How NFT court summons could change the legal landscape
RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court summons to a former employee and a contractor. RBB Lab CEO ...
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity – Regulation Bitcoin News
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, th...
Seoul court rejects prosecution’s move to detain Terraform Labs execs: Yonhap
The Seoul Southern District Court has dismissed the prosecutors’ warrants for arrest of several leading figures in Terraform Labs, according to South Korean news outlet Yonhap. Prosecutor...
Three Arrows Capital liquidators begin taking control of failed hedge fund’s assets
Teneo, the advisory firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has taken control of some of its assets, according to a presentation deck obtained by The Block. &#...
Crypto Is at ‘Brick Wall Stage’ and Needs ‘Right Balance’ of Regulation, Says Legal Expert
For investors and consumers relying on centralized crypto exchanges like FTX, Evans said there’s a need for federal guardrails, protections and greater transparency. Whether that oversight power is he...
U.S. Trustee asks bankruptcy court to appoint FTX trustee
The U.S. Trustee has asked a Delaware bankruptcy court to appoint an examiner in the ongoing FTX bankruptcy case. In a Dec. 1 court filing, the U.S. Trustee cited a “virtually unprecedente...
Legal professionals astonished as SBF admits failures, apologizes 12 times in interview
Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times’ DealBook Summit on Nov. 30. In a wide-ranging video interview, Ban...
Bitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB
The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is on a “road...
Nicholas Truglia served with 18-month prison sentence: Bloomberg
Nicholas Truglia, the 25-year-old hacker who last year pleaded guilty to conspiracy to commit wire fraud, now faces 18 months in prison, Bloomberg News reported. Truglia had been facing up to 63...
Accusation That FTX Misused Customer Funds Presents a ‘Prison’ Problem, Says Crypto Legal Expert Jeremy Hogan
Crypto legal expert Jeremy Hogan says that the possible misappropriation of user funds by disgraced crypto exchange FTX could amount to a criminal offense. Hogan tells his 243,300 Twitter followers th...
Ripple vs. SEC: Crypto Legal Expert Breaks Down Upcoming Ruling in XRP Lawsuit
A legal expert is weighing in on how the judge in the legal battle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs will likely proceed. Crypto attorney James K. Filan says he exp...
Cryptocurrencies – Is It Legal?
Join Our Telegram channel to stay up to date on breaking news coverage The world of cryptocurrency can be confusing and even a little scary. With so many new companies, technologies, and laws coming i...
Implanting Legal Reasoning Into AI Could Smartly Attain Human-Value Alignment Says AI Ethics And AI Law
Tough challenges confront embodying the law into AI, including using AI-infused Legal Reasoners to … [+] guide and keep the rest of AI on the upright legal track. getty In today’s column, I am g...
LBRY Says Company Has Been ‘Killed by Legal and SEC Debts’
The company behind blockchain publishing platform LBRY wrote its own obituary on Twitter yesterday after losing a fight with the SEC earlier this month. In Monday tweets, LBRY, Inc. said it had been ...
Why Web3 Builders Should Get Legal Help Before Launching
Whether or not crypto builders want to admit it, Mark Zuckerberg’s famous motto of “move fast and break things” has become a defining ethos in the industry. Some projects have come u...
Crypto As Legal Mode Of Payment Gets Green Light In Brazil
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Brazil Passes Crypto Bill Recognizing Bitcoin As Legal Tender
37 mins ago | 2 mins read Bitcoin News Brazil’s Bitcoin bill is now ‘Awaiting Sanction” from the Executive Branch. The Brazilian Senate approved the bill in April. Brazilian Chamber of Deputies passe...
Prosecutors seek arrest warrant for Terraform Labs’ co-founder Daniel Shin: Yonhap
Prosecutors in South Korea are reportedly seeking an arrest warrant for Terraform Labs co-founder Daniel Shin. The Seoul Southern District Prosecutors Office said Wednesday that it is seeking th...
Texas regulator wants Bankman-Fried testimony in securities case
Former FTX CEO Sam Bankman-Fried has a hearing date in Texas. The Texas State Securities Board wants Bankman-Fried to testify on Feb. 2 in response to an enforcement action issued today alleging...
BlockFi has $355 million in digital assets ‘frozen’ on FTX
Troubled crypto lender BlockFi has $355 million in digital assets frozen on FTX’s platform, the company said in court. BlockFi attorney Joshua Sussberg also shared new details about how closely ...
BlockFi drags FTX founder into legal battle
The crypto market has not snapped out of the domino effect started by the FTX crypto exchange collapse three weeks ago. If anything, it seems to be gathering momentum at this point as BlockFi has also...
Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit
A lawsuit filed by crypto lender BlockFi demands Robinhood shares Sam Bankman-Fried is said to have pledged to the company as collateral, the Financial Times first reported. Bankman-Fried owned ...