The court has approved an examiner for the Celsius bankruptcy case, according to a new order signed by bankruptcy judge Martin Glenn. The U.S. Trustee, the representative of the Department of Justice ...
Tag: Legal
Voyager files proposed order to facilitate FTX sales process
Voyager counsel filed a proposed order last night to authorize its sale to FTX US, providing more insight on the $1.4 billion winning bid and the path forward for customers. After a two-week-long au...
Legal Battle Continues as Debtors File Motion to Enforce Automatic Stay – crypto.news
Celsius Network troubles continue as court proceedings continue today as the Court issued a notice of hearing Debtors’ motion to enforce the automatic stay and for civil CONTEMPT2. Latest Court Filin...
Ripple Adds Another Attorney From Kellogg Hansen to Its Legal Team in SEC Lawsuit
– Advertisement – Ripple gains another support to boost its legal team. As the lawsuit between Ripple and the Securities and Exchange Commission (SEC) enters the summary judgment stage, t...
Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support
Ooki DAO, the Decentralized Autonomous Organization, was sued by the United States Commodity Futures Trading Commission (CFTC) as the regulator accused its voting members of violating the Commodity an...
Terra Spokesman Argues ‘Luna Classic has Never Been a Security’ Amid Legal Trouble
Terraform Labs suggested that South Korean prosecutors may be ‘overreaching their authority’ arguing that Luna Classic isn’t legally a security in a recent exchange with The Wall Street Journal. Soon ...
Thailand’s SEC to take legal action against Crypto exchange Bitkub and two individuals
This is the second charge against Bitkub this year SEC is cracking down on exchanges with massive fines Two individuals associated with the Satang exchange also fined SEC accuses individuals and Bitku...
California, New York and other U.S. states take action against crypto lender Nexo
A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday. California’s Department of Financial Protection and Innovation issued a cease and desis...
Terraform Labs Founder Do Kwon says he’s ‘making zero effort to hide’
Do Kwon doesn’t seem too stressed that he’s wanted by authorities. “I’m writing code in my living room hbu,” the Terraform Labs founder replied to a user on Twitter. When asked about his t...
Court approves more first-day motions in Compute North bankruptcy case
Bankrupt bitcoin mining hosting provider Compute North received approval today to operate its cash management system, pay insurance obligations and file a list of its creditors. Judge Marvin Isgur of ...
South Korea says Interpol has issued a red notice for Do Kwon, Bloomberg says
Prosecutors in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon, according to a Bloomberg report. The news comes after a South Korean court issued a warr...
Compute North’s CFO details the firm’s collapse amid first-day filings
A series of filings is providing more color on why Compute North filed for bankruptcy protection just one day after the firm began the Chapter 11 process. A hearing took place this morning to approve...
Firm previously accused of fraud sues Coinbase for patent infringement
A firm that previously weathered fraud allegations from the U.S. Securities and Exchange Commission (SEC) is seeking $350 million from Coinbase in a lawsuit that alleges the exchange infringed on its ...
Compute North sued two months before declaring bankruptcy
Bitcoin mining host provider Compute North is facing a lawsuit from one of its partners for failing to return almost $1.4 million after an agreement went sour. NBTC Limited, a subsidiary of Chinese ga...
Ripple Sees Strong Addition to Its Legal Team: Details
Ripple has seen a new addition to its legal team. According to updates shared by Ripple enthusiast and former federal prosecutor, James K. Filan, “Attorney Bethan Rhian Jones has filed an applic...
CFTC Sues a DAO, Raising Legal Questions for DeFi Founders and Users
The regulatory crackdown on crypto continues. The Commodity Futures Trading Commission on Thursday announced settled charges against the founders of bZeroX, the company behind the bZx protocol. The CF...
CFTC Took Legal Action Against Decentralized Autonomous Organization
The Commodity Future Trading Commission opted legal proceedings against Ooki DAO. CFTC imposed penalty of over $ 250,000 on bZeroX protocol. The Commodity Future Trading Commission(CFTC) has proceed...
Celsius shareholders want their own legal representation in bankruptcy case
Celsius shareholders have requested an official legal representation that would represent their interest in the bankruptcy proceedings, according to a Sept. 22 court filing. According to the filing, t...
Legal liabilities drag 3M (MMM) stock down to a 9-year low
3M (NYSE: MMM) fell as much as -1.2% on September 22 to reach a 9-year low of $113.43 a share. Market participants seem to be worried by the mountain of lawsuits filed against the company, as the firm...
Blockchain investor Abraham Piha explains how Tornado Cash legal issues will affect the crypto market
Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United State...
Market maker Wintermute tells hacker to return funds or face legal action
Market making firm Wintermute has sent a message over the Ethereum blockchain to the hacker that stole $160 million from the firm on Tuesday. Sent at midnight UTC on Thursday, the message told the hac...
Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve
In Custodia’s complaint, lawyers for the Wyoming-based bank argued that a master account was “vital to Custodia’s ability to operate effectively and efficiently,” and that the Fed’s continued waffling...
Binance and FTX lead Voyager auction: WSJ
Crypto exchanges FTX and Binance are leading the auction for embattled crypto-lender Voyager, according to a new report from the Wall Street Journal. The auction for Voyager began last week in the law...
Voyager creditor committee Twitter account temporarily suspended
As the Voyager auction closes its sixth day with no reported winner, the Twitter account tasked with keeping customers in the loop appears to have been suspended. The Twitter account appeared back on...
‘Excited to take this fight public’
On Twitter, crypto influencer Ian Balina expressed enthusiasm over a public legal fight with the U.S. Securities and Exchange Commission. “Excited to take this fight public. This frivolous SEC charge ...
Sparkster and its CEO to pay ‘harmed investors’ $35 million in SEC settlement
Crypto firm Sparkster and its CEO Sajjad Daya agreed to pay more than $35 million in a settlement with the U.S. Securities and Exchange Commission (SEC) over an “unregistered crypto asset offeri...
SEC files ICO suit against crypto influencer Ian Balina
The U.S. Securities and Exchange Commission charged crypto investor and YouTuber Ian Balina over his involved in an unregistered initial coin offering (ICO). The allegations center around the ICO for ...
South Korea asks Interpol to issue red notice for Do Kwon: FT
South Korean prosecutors have reportedly asked Interpol, an international organization that facilitates police cooperation and crime control between countries, to issue a red notice against Do Kwon. T...
XRP price risks 30% decline despite Ripple’s legal win prospects
Ripple (XRP) price was wobbling between profits and losses on Sept. 19 despite hopes that Ripple would eventually win its long-running legal battle against the U.S. Securities and Exchange Commission ...
What Will Become of SHIB When Former Fed Chairman Says Bitcoin Won’t Become Legal Tender
Place/Date: – September 19th, 2022 at 10:10 am UTC · 3 min read Source: Gate.io Former Federal Reserve Chairman Ben Bernanke shared his thoughts on bitcoin and other cryptocurrencies in an inter...
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...