IcomTech promoter sentenced to 10 years in prison
[Dec 4, 2024 4:08 PM] The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence.
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Alex Mashinsky to plead guilty to two charges in plea deal
[Dec 3, 2024 8:46 PM] US authorities charged the former Celsius CEO with seven felony counts related to fraud and misleading users after reaching a “non-prosecution agreement” with the company in 2023.
Court blocks ‘Faketoshi’ Craig Wright’s appeal in Bitcoin creator case
[Nov 29, 2024 2:11 PM] The UK Court of Appeal suggested that Craig Wright’s appeal grounds contained “multiple falsehoods,” including reliance upon some “fictitious authorities.”
Ex-Binance employee sues UK exchange, alleging bribery: Report
[Nov 28, 2024 5:13 PM] Amrita Srivastava, who worked at Binance from 2022 to 2023, alleged reporting a bribe at the crypto exchange resulted in her dismissal.
Oracle Corp again sues crypto firm for alleged trademark infringement
[Nov 27, 2024 4:09 AM] Oracle Corporation sued Crypto Oracle, claiming it had “egregiously and flagrantly violated” a past settlement agreement and court injunction.
Swan Bitcoin sues its lawyers for picking up Tether as client
[Nov 26, 2024 5:57 AM] Swan Bitcoin sued former employees it alleged got help from Tether, and now accuses its own law firm of malpractice after it picked up the stablecoin issuer as a client.
US Attorney behind Sam Bankman-Fried case will resign on Dec. 13
[Nov 25, 2024 7:32 PM] Deputy US Attorney Edward Y. Kim will serve as the acting head for the Southern District of New York until the Senate confirms one of Donald Trump’s nominees.
Court prolongs Tornado Cash developer Pertsev’s pre-trial detention
[Nov 23, 2024 9:34 AM] The court decision raises alarming legal concerns for the developers of privacy-preserving blockchain protocols.
A New Frontier: Court Authorizes Service of Process Through NFT Airdrop
[Nov 20, 2024 10:30 PM] In a landmark decision highlighting the unique aspects of blockchain technology, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible…
FTX co-founder Gary Wang sentenced to time served
[Nov 20, 2024 6:25 PM] Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges.
Final FTX exec to be sentenced on Nov. 20 — What should users expect?
[Nov 19, 2024 4:55 PM] Three of the five individuals indicted in the FTX case have been sent to prison, while one was given time served.
Judge rejects Kraken’s bid to challenge decision in SEC case
[Nov 19, 2024 5:32 AM] Kraken won’t get the chance to appeal a California District Court judge’s decision that found the SEC had adequately alleged it sold unregistered securities.
NY prosecutor suggests office will scale back crypto cases
[Nov 15, 2024 4:55 PM] Scott Hartman reportedly said authorities in New York’s Southern District had filed “a lot of big cases” after a crypto market downturn but suggested it was petering out.
Bitfinex hacker sentenced to 5 years in prison
[Nov 14, 2024 9:50 PM] US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange.
US gov’t points to Gary Wang’s ’outstanding cooperation’ in FTX case
[Nov 13, 2024 8:52 PM] Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect “potential illegal activity” in crypto markets if sentenced to time served.
FTX filed for bankruptcy 2 years ago — What’s happening now?
[Nov 11, 2024 9:50 PM] The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end.
Judge denies ex-Celsius CEO’s bid to dismiss fraud, manipulation charges
[Nov 11, 2024 5:25 PM] A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.”
OpenSea users drop securities suit after marketplace demands arbitration
[Nov 11, 2024 2:40 AM] The lawyer for two OpenSea users who accused the platform of selling them securities told Cointelegraph they “had no choice but to dismiss the pending case.”
FTX tries to reclaim $11M from Crypto.com-controlled Alameda account
[Nov 8, 2024 9:40 PM] Alameda Research has filed complaints against crypto exchange KuCoin and Crypto.com to recover millions in locked funds as FTX prepares to repay users.
Ex-Alameda Research CEO to report to prison for 2-year sentence
[Nov 7, 2024 3:29 PM] Caroline Ellison has been free on bail since her guilty plea in 2022, testifying at Sam Bankman-Fried’s criminal trial and subject to intense scrutiny by the media.
SEC seeks dismissal of Kraken defenses in ongoing legal dispute
[Nov 7, 2024 1:01 PM] The SEC argued that Kraken’s defenses about the major questions doctrine are a “due process fail as a matter of the law.”
FTX co-founder and key witness Gary Wang asks judge for no jail time
[Nov 7, 2024 5:43 AM] Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is set to be sentenced on Nov. 20.
Binance, CZ file motion to dismiss SEC’s amended complaint
[Nov 5, 2024 10:33 AM] Secondary market resales of crypto assets long after they were first distributed by their developers are not “securities” transactions, lawyers for Binance and its former CEO argued.
Bitfinex hack launderer ‘Razzlekhan’ wants time served as sentencing looms
[Nov 4, 2024 2:57 AM] Heather Morgan has argued for no more jail time for her role in laundering some of the 120,000 Bitcoin stolen from Bitfinex by her husband Ilya Lichtenstein.
Judge pushes Tornado Cash co-founder trial to April 2025
[Nov 1, 2024 9:30 PM] Roman Storm, currently free on bail and facing three federal charges, will have another four months to prepare for his criminal trial.
Judge sentences IcomTech promoter to 8 years to deter ‘crypto frauds’
[Oct 31, 2024 6:56 PM] Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison.
Ex-FTX exec sentenced to time served after guilty plea
[Oct 30, 2024 8:06 PM] Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX’s debtors after the exchange’s collapse.
FTX CEO hints Nishad Singh should remain free to assist bankruptcy case
[Oct 30, 2024 3:35 PM] John Ray, who took over as FTX CEO in November 2022, suggested Nishad Singh’s cooperation in the firm’s bankruptcy would be “important to maximize recovery” for creditors.
Green United promotor asks to appeal SEC’s $18M crypto mining fraud case
[Oct 28, 2024 6:05 AM] Kristoffer Krohn claims the SEC got its application of securities laws wrong, which a federal court agreed with — now he’s asking for an appeals court to decide who is right.
Hacker behind fake Bitcoin ETF X post pleads not guilty
[Oct 25, 2024 5:44 PM] Reports from the courtroom suggested that prosecutors would offer a deal for Eric Council Jr., who allegedly helped compromise the SEC’s X account.