New York’s attorney general filed a lawsuit against Alex Mashinsky, alleging that the former CEO of the now-bankrupt crypto lender Celsius defrauded investors. “The collapse of Celsi...
Tag: Legal
Mango Markets exploiter issued order of detention
The United States District Court for the District of Puerto Rico issued an order of detention for Mango Markets exploiter Avraham Eisenberg. The decision follows a detention hearing, where it wa...
Israeli securities regulator moves to establish crypto legal framework
The Israeli Securities Authority (ISA) proposes a framework for regulating digital assets as an increasing number of Israeli investors are exposed to digital assets, and over 150 companies operate in ...
SEC charges eight for $45 million blockchain fraud scheme
The U.S. Securities and Exchange Commission has charged eight individuals and businesses for the alleged sale of unregistered securities via the blockchain tech firm CoinDeal. The accused are N...
Regulators say not so fast to Binance US acquisition of Voyager Digital
U.S. regulators want a judge to stop the acquisition of Voyager Digital, a crypto lender in Chapter 11 bankruptcy proceedings, by Binance.US until the company discloses more about its own finances and...
DOJ seizing millions in Robinhood shares linked to FTX, lawyer says
The Justice Department is in the process of seizing hundreds of millions of dollars in Robinhood shares linked to FTX, a lawyer said during a Delaware court proceeding on Wednesday. A New York ...
Sam Bankman-Fried‘s legal team warns of ‘harassment and threats’ to parents in latest court filing
The legal team behind former FTX chief executive officer Sam Bankman-Fried has petitioned a court to redact certain information on individuals acting as sureties for his $250-million bond, citing thre...
Ripple Vs. SEC Lawsuit: XRP Price Will Not Be Impacted By The Legal Battle
As the Ripple vs. SEC litigation continues, the community awaits the outcome with anticipation, hoping that Ripple will ultimately prevail. If that occurs, many expect (and some have already predicted...
Gemini vs Genesis – All Prepared for legal Battle
Gemini Clients have filed a Class Arbitration case against Genesis-DCG company as the company had halted withdrawals of the Gemini Earn Program when the FTX crash happened in November 2022. The reason...
Here’s All The Legal Trouble George Santos Faces As He Joins Congress
Topline Incoming Rep. George Santos (R-N.Y.) arrives on Capitol Hill Tuesday to begin his tenure in the House as he comes under an increasing amount of legal scrutiny, with local, state, federal and n...
Sinister Prompting Of Generative AI ChatGPT Such As Email Scamming And The Coding Of Malware Is Sparking Ire By AI Ethics And AI Law
Coping with sinister uses of generative AI such as ChatGPT is a looming issue and worthy of openly … [+] discussing. getty “Oh, what a tangled web we weave, when first we practice to decei...
Why Is This Legal Expert Criticizing the SEC?
Legal expert Roslyn Layton called out the SEC for its policies: “Regulators sometimes use headline grabbing to send political messages to demonstrate their value to stakeholders”. SEC: Punishing Progr...
MicroStrategy’s Bitcoin Wash Trade is Still Legal… For Now
The waning days of 2022 may be US crypto traders’ last chance to take advantage of a tax loophole that doesn’t exist in traditional finance: wash trading. At least if certain politicians have their wa...
Compass Mining claims victory over dynamics mining in legal battle
As the holiday season continues and spirits are high, Compass Mining, a bitcoin mining hardware company, has reason to celebrate. The company announced today that it had been awarded a $1.5 million ju...
FTX Debtors will seek return of crypto held by Bahamas regulator
FTX Trading and its affiliated debtors said Friday that they would seek the return of crypto controlled by the Securities Commission of the Bahamas to their chapter 11 estates for the benefit of credi...
SBF tweets for first time since arrest, says he didn’t move funds
Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, tweeted for the first time since his arrest earlier this month. He said he was not responsible for funds that appear to have been mov...
Fiji Elects Pro-Bitcoin PM, Considers Bitcoin as Legal Tender
The Pacific Island of Fiji has elected a new Prime Minister, Sitiveni Rabuka, who took office on December 24, and the good news is – he is reportedly pro-Bitcoin. Fiji, a nation made up of over 330 is...
Fiji’s new prime minister is considering adopting BTC as a legal tender
Sitiveni Rabuka, a pro-Bitcoin advocate, has recently been appointed Prime Minister of the Pacific Islands of Fiji. Surprisingly enough, Mr. Rabuka is seriously contemplating introducing Bitcoin as a ...
Bankman-Fried arraignment in New York set for next week
Disgraced FTX founder Sam Bankman-Fried will be arraigned by the U.S. District Court for the Southern District of New York next week. Court documents set Bankman-Fried’s arraignment on Jan...
Bankman-Fried Case’s Legal Process Isn’t ‘a Sham Deal’, Former SEC Chair
The former United States Securities and Exchange Commision (SEC) Chair, Jay Clayton in a recent CNBC interview talked about FTX and Sam Bankman-Fried’s case. He also shared his vision over the recent ...
Gemini, Winklevoss twins facing potential class action from investors
The Winklevoss twins and their Gemini Trust Co. are facing a potential class action lawsuit for failing to register its interest-bearing accounts as securities. Investors accused the company and...
Mango Markets exploiter arrested in Puerto Rico for alleged market manipulation
Authorities are not buying that code was law in the $114 million exploit of a decentralized exchange. Federal authorities have arrested Avraham Eisenberg in Puerto Rico for his exploit of decen...
Squeeze of Legal Prosecutions on FTX Bring former Associates in Same Ring
Legal troubles spiraled after crypto exchange FTX went bankrupt, leading two former close mates to stand in front of each other. Sinked in a Blink According to CNN, 28 year-old Ellison, former CEO o...
Sam Bankman-Fried criminal case assigned to new judge: Reuters
The criminal case against former FTX CEO Sam Bankman-Fried was reassigned to U.S. Judge Lewis Kaplan after U.S. District Judge Ronnie Abrams recused herself on Friday, Reuters reported, citing a court...
Binance In Legal Trouble, Sued For 2.4 Million Euros
As a result of the failure of rival cryptocurrency exchange FTX, Binance, which is the biggest cryptocurrency business in the world, has had a difficult few weeks. In addition, its token, BNB, has bee...
Argentine Peso Plunges to a 5 Month Low Amid Legal and Political Woes – Economics Bitcoin News
The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besid...
Ripple Scores Minor Win In Ongoing Legal Battle With SEC
In the ongoing legal battle, the federal judge granted a joint motion from all parties to extend the deadline for Daubert motions. After the announcement, Ripple and SEC submitted a joint motion to ex...
Judge withdraws from Bankman-Fried case, citing potential conflict of interest
District Judge Ronnie Abrams withdrew her participation from legal proceedings around crypto exchange FTX’s disgraced former CEO and founder, Sam Bankman-Fried, amid a potential conflict of inte...
Bitcoin and Crypto Now Legal in Brazil
In Brazil, a bill passed on Thursday has sparked positivity on the crypto outlook for the country as cryptos will soon be 100% legal to use as money. Cryptocurrencies are now recognized as payment met...