With investor confidence seemingly at an all-time low thanks to the recent slew of insolvencies, a new saga seems to be now unfolding in real time. This one involves crypto exchange Gemini’s Winklevos...
Tag: Legal
Legal expert predicts verdict as final date nears
With both parties in the Ripple and Securities Exchange Commission (SEC) case making final submissions, the crypto community is awaiting the final ruling on the matter. Based on the deliberations duri...
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
Grayscale’s Legal Debacle: Will The SEC Approve A Spot Bitcoin ETF?
Asset management firm Grayscale shall submit its latest brief in the ongoing case with the United States Securities and Exchange Commission (SEC), according to a tweet from chief legal officer Craig S...
SEC charges Gemini and Genesis with unregistered securities offering
The Securities and Exchange Commission charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities to retail investors through a Gemini crypto len...
SCOTUS Considers Status of Legal Advice Given to Bitcoiner
The US Supreme Court grappled with questions around attorney-client privilege in the case “In re Grand Jury” put before the judges on Monday. The case involves the criminal investigation of an “early ...
Unemployed and under house arrest, Sam Bankman-Fried faces enormous legal bills
Disgraced FTX founder Sam Bankman-Fried has an expensive year ahead of him. Unemployed, under house arrest and stripped of his Robinhood shares, his options for funding his defense are limited. ...
El Salvador one step closer to bitcoin bonds after law passage
El Salvador’s Legislative Assembly approved a law on the issuance of digital assets, paving the way for bitcoin bonds that have been championed by President Nayib Bukele. The new law estab...
Ripple Losing Legal Battle Would Damage XRPL Ecosystem, Why?
Vladislav Sopov Here’s why outcome of Ripple/SEC battle is of paramount importance for dozens of tokens Contents Once Ripple loses, XRPL tokens will be under fire, community enthusiast says Are ...
The Block: Bankruptcy judge terminates FTX naming rights for Miami Heat arena: Miami Herald
A federal bankruptcy judge on Wednesday terminated FTX’s naming-rights deal with Miami-Dade county for the downtown arena where the NBA’s Miami Heat play, the Miami Herald reported. ...
FTX locates $5 billion in cash and liquid crypto, contemplates sale
FTX’s new leadership says it has located $5 billion in cash, liquid cryptocurrency and liquid investment securities, two months after the troubled crypto exchange filed for bankruptcy protection...
ISPs Must Ban Crypto Websites Or Risk Legal Action In Nepal
The government agency in Nepal that is in charge of regulating telecommunications has issued a directive to the country’s internet service providers (ISPs), demanding that they ban any websites ...
Ripple Transfers $51.4M XRP Amid Legal Battle And Stalled Market Recovery
The lawsuit between Ripple Labs and the United States Securities and Exchange Commission (SEC) has garnered a significant amount of attention within the cryptocurrency industry. At the core of the com...
Nigeria to create legal framework for stablecoins and ICOs
As one of the world’s pioneers in adopting its own central bank digital currency (CBDC), Nigeria also declares its readiness to accept the existence of private stablecoins. The necessity to create a l...
Prosecutors investigate former FTX executive Nishad Singh: Bloomberg
Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers’ funds, Bloomberg first r...
CFTC files its own case against Mango Markets exploiter
The Commodity Futures Trading Commission is suing Avraham Eisenberg, aka Mango Avi, over alleged manipulation of swaps on Mango Markets, a decentralized exchange on the Solana blockchain. The n...
FTX businesses including LedgerX draw interest from over 100 potential buyers
Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case. The crypto giant filed for bankruptcy protec...
FTC’s ‘vague’ rule to ban non-competes faces legal hurdles
The U.S. Federal Trade Commission’s move to outlaw employment agreements that condition workers’ jobs on their promise to steer clear of work for competing firms is expected to face challenges that co...
SBF Claims Robinhood Shares Necessary for Personal Legal Defense
Sam Bankman-Fried is fighting to retain control of his some $450 million worth of Robinhood stock prosecutors staked claim over on Wednesday, a new court filing shows. The Department of Justice,...
SBF Trial Would See Ex-FTX Legal Boss Stand as Government Witness
FTX’s former regulatory chief, who has not been charged with a crime, unlike his colleagues, reportedly cooperated with US prosecutors in their investigation of the fallen crypto exchange. Danie...
FTX fraud victims invited to come forward by US officials
The U.S. Attorney’s Office for the Southern District of New York invited victims of the FTX collapse to come forward on a website that went live earlier today. An email address through whi...
FTX debtors, Bahamas liquidators agree to cooperate
The legal teams helming troubled crypto exchange FTX’s bankruptcy cases in the United States and the Bahamas reached a mutual cooperation agreement, appearing to end, for now, the disagreements betwee...
Sam Bankman-Fried’s lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees
On Thursday night, the lawyers of disgraced crypto founder Sam Bankman-Fried filed an objection in the bankruptcy proceedings of his crypto exchange, FTX, to retain 56 million shares of Robinhood, cur...
Mt. Gox first repayments pushed back to September
The timeline for Mt. Gox financial details registrations and repayments has been pushed back by two months. The first tranche of repayments from Mt. Gox has been moved to Sept. 30 from July 31, ...
Chief legal officer departs FTX-linked Moonstone Bank
Moonstone Bank chief legal officer Joseph Vincent, a former top banking regulator, has left the financial firm, after being with the bank for just eight months. Vincent joined Moonstone, one of the sm...
Celsius ruling shines light on crypto user agreement fine print
Experts say a judge’s recent ruling that assets in a yield-bearing account belong to Celsius, not investors, highlights how high the stakes are in bankruptcy proceedings for customers of crypto firms....
Mutant Ape Planet founder allegedly defrauded customers of $2.9 million
A federal court in Brooklyn charged Aurelien Michel with crimes related to defrauding customers of the NFT project “Mutant Ape Planet” out of $2.9 million. Michel allegedly promised...
Three Arrows Capital founders subpoenaed by tweet
Founders of the failed crypto hedge fund Three Arrows Capital were served subpoenas on Twitter by the fund’s liquidators, the latest wrinkle in the firm’s unusual bankruptcy case. Three Arrows C...