Celsius customers in nine U.S. states received a message from the firm back on April 15 stating that because they were not accredited investors, they would not be eligible for custody accounts. These ...
Tag: Legal
Hodlnaut reports $193 million financial shortfall as it seeks court protection
Embattled crypto lender Hodlnaut reported a nearly $200 million financial shortfall in a court affidavit filed earlier this month and obtained by The Block. The affidavit supporting Hodlnaut’s applica...
FDIC issues cease-and-desist letters to FTX US, other crypto firms over deposit insurance
The Federal Deposit Insurance Corporation (FDIC) has issued cease-and-desist letters to FTX US and four other crypto companies for allegedly making “false and misleading statements” about ...
Hodlnaut facing police proceedings, cuts 80% of staff
Holdnaut, the embattled crypto lender, faces police proceedings and revealed that it laid off most of its staff. The Singapore-based crypto firm said there are “pending proceedings” between itself an...
US Trustee moves to appoint examiner in Celsius bankruptcy case
The United States Trustee wants to appoint an examiner to embattled lender Celsius to produce an unbiased public report providing transparency on the firm’s business operations, investments, tra...
Alleged Russian ransomware hacker extradited from Netherlands to US
A Russian citizen and alleged participant in Ryuk ransomware attacks has been extradited from the Netherlands for trial in the US. Denis Mihaqlovic Dubnikov and his co-conspirators allegedly launder...
Law enforcement should give up trying to access everyone’s data, says legal expert
While some think the Tornado Cash ban may negatively impact other projects focusing on privacy, others believe that these projects will keep pushing forward and keeping their commitments to anti-censo...
Do Kwon Better Call Seoul In Preparation For Legal Battle Following Terra Collapse
Do Kwon should better call Seoul fast and hire the best lawyer in the city to defend him when things start to get serious, following the collapse of Terraform Labs. Well, the disgraced architect of th...
Terra’s Do Kwon Reportedly Enlists New Lawyers In South Korea In Anticipation Of Legal Battle ⋆ ZyCrypto
Advertisement     Do Kwon, the disgraced founder of the once multi-billion dollar Terra ecosystem, has hired new lawyers in South Korea to prepare for a legal brawl in...
IRS targets SFOX users for possible tax crimes
The IRS can serve a John Doe summons on crypto prime dealer SFOX, according to an order entered by a federal district in California on Monday. The order allows the agency to seek information about tax...
Do Kwon Hires Law Firm in South Korea Anticipating Legal Battle: Report
The former CEO of Terraform Labs is reportedly hiring a lawyer in preparation for a possible legal battle over the high-profile multibillion-dollar collapse of the Terra ecosystem in May. According to...
Terra Founder Do Kwon Hires Lawyers For Preparing Legal Actions
Terra founder Do Kwon has hired lawyers from a domestic law firm to prepare for legal action in response to the investigation by the Seoul Southern District Prosecutors’ Office. The South Korean prose...
Coin Center to Seek Legal Redress Over Tornado Cash Sanctions
On Monday, Coin Center said the U.S. Department of Treasury overstepped its mandate when it sanctioned mixing service Tornado Cash, vowing to pursue redress over the matter. The group says it’s seekin...
Coin Center prepares legal challenge to Treasury’s Tornado Cash sanctions
Coin Center, a crypto-focused policy think tank, is prepping a challenge to the Treasury’s sanctions on Tornado Cash. In an August 15 blog post, Coin Center analyzed the contradiction of sanctio...
Coin Centre May Bring Legal Action Against OFAC for Tornado Sanctions
Coin Centre – a non-profit crypto policy think tank – is considering a court challenge against the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The challenge is a response to t...
For Funding Her Legal Case ‘Fearless Girl’ Artist Is Selling NFTs
Kristen Visbal, the artist behind the Fearless Girl statue, is famous for battling with the iconic Wall Street’s Charging Bull since 2019. Visbal is undertaking a legal battle against the company that...
Central Bank Governor Reminded Crypto Trading or Investing Not Legal in Iran
Ali Salehabadi, the governor of the Central Bank of Iran (CBI) in a statement given to a local media has said that the crypto trade or investment is banned. However, the authorized entities and indivi...
Vauld Pursues Legal Counsel After ED Issues Asset Freeze Order
Singaporean crypto lender Vauld bristles as the Indian Enforcement Directorate (ED) issues a freezing order in connection with an ongoing money laundering case. Vauld claims the freezing order hurts a...
crypto execs slam arrest of suspected Tornado Cash developer
Crypto industry executives reacted with alarm at the arrest of a developer suspected of involvement in Tornado Cash. The Dutch Fiscal Information and Investigation Service (FIOD) arrested an unident...
Countries where Bitcoin (BTC) is legal
Typically there are macroeconomic factors that a country is looking to manage through the adoption of a currency as legal tender. In order to make Bitcoin legal tender, these factors should coincide w...
Tornado Cash DAO discusses legal avenues to challenge US sanctions
Tornado DAO members are currently discussing ways the community can challenge the recent sanctions imposed on Tornado Cash by the US Treasury. This comes as one Tornado Cash developer was arrested tod...
Mark Cuban in legal trouble over the promotion of Voyager
Due to his involvement in promotions of embattled crypto firm Voyager Digital, Mark Cuban is facing a class-action lawsuit. In the past few years, the billionaire has been a prominent figure in crypto...
Embattled Crypto Futures Exchange Files for Restructuring Amid Ongoing Legal Battle
Crypto futures exchange CoinFLEX is reportedly seeking court approval for a restructuring plan as it faces financial trouble following a substantial default by one of its customers. Citing an email se...
Why Developing Countries Are Looking to Adopt Crypto as Their Legal Tender
According to the World Bank, the number of people living in extreme poverty — on less than $1.90 per person per day — has been increasing in the past three years following the effects of COVID-19, ris...
Larry Ellison Reportedly Subpoenaed In Twitter-Musk Legal Battle
Topline Twitter brought another eccentric billionaire into the fold in its lawsuit against Elon Musk, subpoenaing Oracle cofounder Larry Ellison—the largest outside financial backer of Musk’s embattle...
New Online Resource Helps Beginners Grow Legal Cannabis
Cannabis plant and human hands. getty Do you need help with learning how to grow and cultivate cannabis? If so, you’re in luck. AskGrowers, a website that focuses on helping U.S. cannabis custom...
Here’s Why Businesses Are Having A Tumultuous Love-Hate Relationship With AI Ethics Boards
AI Ethics Advisory Boards are essential but also require focus and attention, else they can fall … [+] apart and be untoward for all concerned. getty Should a business establish an AI Ethics adv...
4 questionable, but legal, things some financial advisers do with your money
Is your financial adviser ethical? Getty Images/iStockphoto There are many people out there who will offer to give you financial advice. And while most of them are ethical and trustworthy, sometimes y...