Genesis, its parent Digital Currency Group, Gemini and other creditors have reached a bankruptcy agreement to recover assets. Sean O’Neal, a lawyer representing the debtors, said the sides agre...
Tag: Legal
Former Coinbase manager seeks to dismiss watershed insider trading case
Lawyers are asking a judge to dismiss a case against their client, a former Coinbase manager and his brother, arguing that the tokens involved are not securities. In an 81-page brief, lawyers f...
Judge delays FTX examiner ruling in hopes of ‘consensual resolution’
A federal bankruptcy court judge in Delaware did not rule on whether to appoint an examiner in FTX’s enormous bankruptcy case, and instead will allow lawyers to discuss a “consensual resolution” on th...
DCG and Genesis branches agree on a restructuring plan: CoinDesk
Digital Currency Group and Genesis subsidiaries have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk. This comes after Gene...
Bankman-Fried’s texts may harm his legal defense
Sam Bankman-Fried just threw a wrench in his criminal trial before it even started. A judge barred Bankman-Fried from using “encrypted or ephemeral” messaging apps like Signal until a court hear...
Arizona Senator Wendy Rogers Pushes Bill To Make Bitcoin Legal Tender
Join Our Telegram channel to stay up to date on breaking news coverage If passed into law it will give Bitcoin the same status as the U.S. dollar in the State of Arizona What – State Senator Wendy R...
FTX threatens legal action against political recipients of donations
The bankrupt crypto exchange FTX is demanding the return of funds from politicians and members of the U.S. Congress. FTX members had donated more than $84 million to political candidates and organizat...
What is Insider Trading? Is it Legal? – Cryptopolitan
Illegal insider trading includes tipping others when you have any sort of material nonpublic information. Legal insider trading happens when directors of the company purchase or sell shares, but they ...
FTX debtors want political donations returned by end of the month
Troubled crypto exchange FTX is asking political figures and groups to return donations linked to former CEO Sam Bankman-Fried and other FTX executives by the end of February. FTX is sending con...
After-hours work emails are facing more legal restrictions
The pandemic-driven shift to remote work has blurred the line between employees’ professional and personal lives, making it harder for workers to disconnect after hours. But a spate of new legis...
MakerDAO Earmarks $5M For Legal Defense
MakerDAO governance has approved a new multi-million fund aimed at reimbursing certain individuals’ legal expenses. The Defense Fund, consisting of 5 million dai (DAI) — Maker’s US dollar-pegged stabl...
SEC And CFTC Legal Action Against Mango Markets Hacker Will Boost DeFi, Moody
The recent spree of regulatory actions in the DeFi ecosystem got positive reactions from the credit rating firm Moody. In a recent development, the Commodities Futures Trading Commission (CFTC) and th...
CFTC ‘well-positioned’ to fill regulatory gap in crypto: Behnam
Turmoil in the cryptocurrency markets shows action is needed and the Commodity Futures Trading Commission is “well-positioned” to fill a regulatory gap in cryptocurrency markets if Congress chooses, t...
Ripple Vs SEC: Ripple’s Legal Lawyer Unveils Strong Evidence in Support of XRP
The ongoing legal dispute between Ripple and the Securities and Exchange Commission is being closely watched by the cryptocurrency community. The future of Ripple and its XRP token is still up in the ...
Justice Department probes Silvergate’s relationship with FTX: Bloomberg
The Justice Department’s fraud department has begun probing Silvergate’s handling of accounts for Sam Bankman-Fried’s firms, Bloomberg reported, citing unnamed people familiar with the matter. T...
‘Crypto Voldemort’ Charlie Munger calls for U.S. ban, again
Charlie Munger, vice chairman of Berkshire Hathaway and longtime crypto critic, used an op-ed in the Wall Street Journal published late Tuesday to call for a ban on cryptocurrencies in the U.S. Munger...
Getting Away With Proclaiming Generative AI ChatGPT Entitlement Even When The AI Sensation Isn’t Being Used, Troubling AI Ethics And AI Law
When everyone wants to get the ChatGPT afterglow, things can get somewhat out of hand. getty The real McCoy. I’m sure you’ve heard or possibly even used that famous catchphrase. We refer to something ...
Calls for Coinbase to Relist XRP Surges As Exchange Wins Major Legal Battle
XRP community continues to call on Coinbase to relist XRP. Coinbase won a major lawsuit yesterday that could play a major role in determining whether the San Francisco-based crypto exchange will rel...
State officials support push for independent examiner in FTX bankruptcy
Officials from more than a dozen states want a federal bankruptcy judge to appoint a third-party examiner of FTX’s finances, citing the need for more transparency about the collapsed crypto exch...
Tether denies it borrowed $2B from Celsius, as described in court report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. According to a nearly 700-page report filed Tuesday from court-appointed ex...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
Legal expert outlines how Ripple win could impact XRP price
The ongoing legal battle between blockchain firm Ripple and the Securities Exchange Commission (SEC) is projected to impact the general crypto market. In this line, XRP token price performance is amon...
Celsius creditors contemplate next steps following examiner report
Despite a damning report from a court-appointed examiner, lawyers representing former Celsius customers told clients they are still in talks with the company around a “recovery corporation”...
Highlights from the court report detailing Celsius’ Ponzi-like downfall
Celsius Networks used to promise customers ”financial freedom” with a ”community first” company that sold products safer than a bank. ”We are Celsius. We dream big,”...
Regulators Seek Crypto Blood, They Shatter Annual Record With 58 Legal Actions
In the last year, many have claimed the crypto industry is under attack by U.S. regulators and recent data supports this perception. The agencies in this country shattered all previous records, since ...
Core Scientific reaches deal with B. Riley for $70 million replacement loan
Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley. The company has asked the court to approve the financing as a replacement for the $75 million debtor-...
Co-signers of Bankman-Fried’s $250 million bond a step closer to becoming public
The names of two people who co-signed for disgraced FTX founder Sam Bankman-Fried’s bond are one step closer to becoming public after a federal judge granted a motion to unseal their names. The identi...
Justin Sun Wants Tron (TRX) to Become Legal Tender in 5 Countries This Year
Tron’s Founder – Justin Sun – said one of his primary targets is to see TRX becoming an official payment method in five different countries by the end of 2023. He believes one of the nations to embra...
FTX-linked Alameda Research sues Voyager Digital for over $445M
Troubled crypto trading firm Alameda Research is suing failed crypto lender Voyager Digital for more than $445 million, seeking to recover loan repayments that it made after Voyager filed for bankrupt...
Osprey Funds sues competitor Grayscale over bitcoin trust advertising
Osprey Funds, which provides asset management services, accused Grayscale Investments of “unfair and deceptive acts and unfair competition.” Osprey said Grayscale’s advertisements were mis...