8 / 20 Relevant items tagged with #Court

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Nigerian court postpones money laundering trial of Binance and execs

[May 2, 2024 9:46 AM] A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.

Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?

[May 1, 2024 11:31 AM] One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in.

Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer

[May 1, 2024 12:33 AM] CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Aaron Lane.

US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

[Apr 30, 2024 3:33 PM] The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.

Changpeng Zhao four-month prison sentence lighter than expected

[Apr 30, 2024 1:52 PM] Prosecutors initially sought to charge the former Binance executive with 36 months.

Ex-Binance CEO Changpeng Zhao sentenced to four months in prison

[Apr 30, 2024 1:03 PM] Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond.

Samourai Wallet co-founder pleads not guilty, released on $1M bond

[Apr 29, 2024 3:49 PM] The terms of Keonne Rodriguez’s bail prevent him from engaging in “any cryptocurrency transactions, directly or indirectly,” without prior approval from the court.

Terraform proposes $1M penalty for SEC case, no relief or disgorgement

[Apr 29, 2024 3:30 PM] Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case.

Bankruptcy judge signs off on $450M FTX-Voyager settlement

[Apr 29, 2024 1:45 PM] According to the terms of the deal, FTX will “relinquish any and all rights” to $450 million Voyager Digital has claimed from the crypto exchange.

SEC and Gensler believed Ether was security for at least a year

[Apr 29, 2024 8:09 AM] In April 2023, Gensler refused to answer repeated questions on whether the SEC believed Ether was a security.

John Deaton files amicus brief in support of Coinbase appeal against SEC

[Apr 26, 2024 2:35 PM] The lawyer said he had filed a brief on behalf of 4,701 Coinbase customers for no charge as part of his advocacy work in the crypto space.

Binance wants the court to know US government’s position on USDC

[Apr 26, 2024 12:33 PM] The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.

Consensys files lawsuit against SEC and commissioners over Ether

[Apr 25, 2024 12:31 PM] The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S.

Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation

[Apr 24, 2024 1:34 PM] The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.

Binance founder should be jailed for 36 months, US prosecutors say

[Apr 24, 2024 12:24 AM] Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.

Binance exec will remain in Nigerian custody until May 17 bail hearing: Report

[Apr 23, 2024 3:36 PM] The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.

Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request

[Apr 12, 2024 5:25 AM] An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company…

Crypto Trader Eisenberg's $110M Fraud Trial to Put DeFi Under Microscope

[Apr 8, 2024 5:08 PM] The two-week trial will test the government's strategy of portraying complex crypto trades as simple fraud.

Australian Court Dismisses Lawsuit by Market Regulator Against Finder in 'Landmark' Ruling for Crypto Industry

[Mar 14, 2024 12:21 AM] An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday.

U.S. Will Appeal Do Kwon's Extradition to South Korea: Report

[Mar 8, 2024 12:43 AM] The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.

FTX Estate Can Sell Near 8% Stake in AI StartUp Anthropic, Court Rules

[Feb 23, 2024 12:17 AM] The FTX bankruptcy estate has been granted approval to sell its stake in artificial intelligence (AI) startup Anthropic, court filings from Thursday show.

Man Behind Defunct BTC-e Exchange Once Popular with Criminals Faces U.S. Charges

[Feb 1, 2024 2:38 PM] One of the men behind BTC-e, a now-defunct crypto exchange once popular with cybercriminals and money launderers, has been arrested and charged in the U.S., the Department of Justice (DOJ) said Thursday.

HyperVerse's Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO

[Jan 29, 2024 4:45 PM] HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) and a grand jury allege in a lawsuit and criminal indictments against two of its leaders.

SEC responds predictably to Coinbase’s 2022 crypto rulemaking petition: No

[Dec 15, 2023 12:15 PM] The existing laws are sufficient, and the agency is already doing what it considers necessary, according to Chair Gensler.

Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

[Dec 14, 2023 10:38 PM] The SEC chair could be softening his stance on Bitcoin ETFs following the Grayscale court victory, but if so, he hasn’t admitted it outright.

3AC co-founder Su Zhu set to be released by year-end after court grilling: Report

[Dec 13, 2023 6:20 AM] Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon.

AI guidance for judges in England and Wales warns against risks

[Dec 12, 2023 4:19 AM] Senior judges in the U.K. have published AI guidelines for the judiciary to follow, which advise how to use AI and warn of the potential risks of using the technology in trials.

Crypto lawyer wants to depose Changpeng Zhao for civil case

[Dec 8, 2023 3:30 PM] The Moskowitz Law Firm, which represented many crypto investors in class-action lawsuits, cited the former Binance CEO’s “unique knowledge” of issues in calling for his deposition.

Bitzlato ex-CEO Legkodymov pleads guilty to one count in Brooklyn court

[Dec 6, 2023 3:37 PM] The Hong Kong-based crypto exchange had no KYC and was a major support for the darknet marketplace Hydra.

Jury in Terraform Labs case shouldn’t decide whether crypto is a security — SEC

[Dec 5, 2023 9:37 AM] According to the SEC, tokens at issue in its civil case against Terraform Labs should be a “legal question” for a court, “not a factual question for the jury.”