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Consensys Suit Against U.S. SEC Dismissed by Texas Court

[Sep 20, 2024 3:48 PM] The U.S. Securities and Exchange Commission had – for a time – added Consensys to a list of crypto investigation targets, prompting the technology incubator company to sue it for overreach in federal court. Because the regulator then shut down that…

Judges quiz CFTC, Kalshi over US election markets offering

[Sep 20, 2024 6:33 AM] US appeals court judges peppered the CFTC and betting platform Kalshi’s lawyers with questions as the regulator bids to overturn a lower court’s decision allowing election markets.

Court approves Terraform Labs winding down in bankruptcy hearing

[Sep 19, 2024 9:55 PM] After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down.

US prosecutors oppose Mango Market exploiter's motion for acquittal

[Sep 19, 2024 9:48 PM] Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets' insurance fund to ensure users retained their money.

SEC asks court for four months to produce documents for Coinbase

[Sep 19, 2024 3:56 PM] The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.

Partner of ex-FTX exec pleads not guilty to campaign finance charges

[Sep 18, 2024 4:10 PM] Michelle Bond was free on a $1-million bond and restricted from traveling outside the continental US, while her partner, Ryan Salame, is expected to report to prison on Oct. 11.

US gov’t cites Caroline Ellison’s ‘extraordinary cooperation’ before sentencing

[Sep 17, 2024 9:26 PM] Lawyers representing the former Alameda Research CEO have requested time served and supervised release — an outcome that appeared more likely after a filing by US Attorneys.

Is an ex-Celsius exec planning to attend Token2049?

[Sep 16, 2024 7:07 PM] The timing of a travel request filed by Roni Cohen-Pavon in US court coincides with a crypto conference that Celsius executives have previously attended.

‘Explosion’ in election gambling will harm public interest: CFTC

[Sep 16, 2024 3:14 AM] The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.”

Sam Bankman-Fried files appeal for felony conviction

[Sep 13, 2024 7:47 PM] Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial, was convicted of seven felony counts, and was sentenced to 25 years in prison.

Judge questions if ex-FTX exec perjured himself in guilty plea

[Sep 12, 2024 5:02 PM] At a Sept. 12 hearing, Judge Lewis Kaplan moved up Ryan Salame’s reporting date by two days and considered vacating his guilty plea.

Judge says CFTC exceeded its authority halting Kalshi election bets

[Sep 12, 2024 2:43 PM] According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful.

Caroline Ellison asks for time served, citing cooperation with US gov’t

[Sep 11, 2024 3:41 PM] The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022.

FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

[Sep 11, 2024 12:30 AM] The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is…

Caroline Ellison asks to seal supporters’ info at Sept. 24 sentencing

[Sep 10, 2024 3:32 PM] A filing in federal court suggested that the former Alameda Research CEO had a sentencing hearing scheduled for Sept. 24 — the first in the FTX case since Ryan Salame’s in May.

Judge issues temporary stay in Kalshi v. CFTC election betting case

[Sep 9, 2024 8:08 PM] Judge Jia Cobb said the court would hold a hearing on Sept. 12 to address competing motions filed by the CFTC and Kalshi over betting on US elections.

Coinbase secures partial victory over SEC in motion to compel discovery

[Sep 6, 2024 8:53 PM] Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order.

Celebrities boost crypto projects but don’t guarantee legitimacy

[Sep 6, 2024 1:30 PM] In some cases, celebrity backing for a crypto project is a red flag because it’s a scam ad made by criminals. 

US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal

[Sep 5, 2024 9:36 PM] Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China. 

US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

[Sep 5, 2024 11:20 AM] The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes…

Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

[Sep 4, 2024 10:10 PM] A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new…

Ripple and SEC agree to stay $125M judgment, hinting at appeal

[Sep 4, 2024 7:42 PM] Though the SEC may choose not to appeal the Aug. 7 decision, Ripple’s lawyers requested that 111% of the monetary judgment be placed into a bank account to obtain a stay.

Nigerian judge pushes Binance exec’s bail hearing to Oct. 9

[Sep 4, 2024 6:26 PM] Detained in Nigeria for more than six months and with reported health problems, Tigran Gambaryan awaits a judge’s decision following another bail application.

Brazil’s X ban: Are VPN users at risk for accessing the platform?

[Sep 4, 2024 1:06 PM] VPN providers agree that tracking individuals accessing X via VPNs in Brazil would be challenging but not impossible.

Behind bars: 6 crypto execs who did time and one who got away…

[Sep 3, 2024 10:00 PM]  These crypto leaders had it all, but that couldn’t stop them from going to jail.

Home invaders used machete, Toblerone to rob a man of his Bitcoin

[Sep 3, 2024 3:10 AM] Scottish authorities tracked, traced, and seized Bitcoin stolen during a 2020 home invasion, marking the first robbery in Scotland to involve cryptocurrency tracing. 

Brazil Supreme Court upholds judge’s decision to suspend Elon Musk’s X

[Sep 2, 2024 7:22 PM] The Tesla CEO has used his platform on X to hint that Brazilian residents should defy the judge’s order using VPNs despite the risk of fines. 

Brazilian judge suspends X after Elon Musk refuses to name representative

[Aug 30, 2024 8:52 PM] Supreme Court Justice Alexandre de Moraes began investigating the spread of misinformation during the government of former Brazilian President Jair Bolsonaro.

Judge orders ex-FTX exec to appear after request to vacate guilty plea

[Aug 30, 2024 6:28 PM] Despite withdrawing a petition to void his guilty plea, Ryan Salame must appear in a New York courtroom on Sept. 12 as scheduled.

Crypto Firm’s CEO Stabbed in Court During Fraud Trial in Seoul

[Aug 30, 2024 2:30 AM] The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was…