1 / 1 Relevant items tagged with #CourtCase
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UK High Court Grants Worldwide Freezing Order Against Craig Wright
[Jul 6 9:25 AM] The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for the necessity of the WFO…
CFTC Wins Case Against Crypto Fund Operators
[Jul 3 8:36 PM] The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court…
SEC’s Case Against Binance Moves Forward With Major Allegations Intact
[Jun 29 7:30 AM] The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and…
SEC shoots down Ripple’s argument for a lower penalty
[Jun 16 7:37 PM] The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs.
SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
[Jun 15 7:03 PM] The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs…
Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach
[Jun 6 2:35 PM] The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27…
Nigerian prison fails to bring Binance exec to court
[May 23 4:50 AM] Prosecution counsel Moses Idehu requested a brief stand-down of the case, seeking to temporarily adjourn the matter later to resolve the issue.
Kraken Challenges SEC Overreach in Recent Court Filing
[May 12 1:33 PM] In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024…
Former FTX exec Ryan Salame to give up $5.9M Bahamas property
[May 2 9:07 PM] Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd.
Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest
[Feb 21 11:30 PM] Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in…
Ripple Asks Judge to Deny SEC’s New Discovery Requests Concerning XRP
Ripple vs. SEC — Respite for a Beleaguered Industry
[Jul 25, 2023 2:30 PM] On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange…
Romanian Prosecutors Pursue Confiscation of $563K Bitcoin Stash Owned by Andrew Tate
[Jun 20, 2023 11:30 AM] Romanian prosecutors have officially submitted documents to the court, seeking the seizure of 21 bitcoin valued at $563,000 from Andrew Tate, a controversial social media influencer. The British-American ex-kickboxer, who gained a significant…
NBA Hall of Famer Shaq Served in FTX Investor Suit
[Apr 18, 2023 8:30 AM] A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s…
SBF’s lawyers signal need to push back October criminal trial
[Mar 8, 2023 11:38 PM] Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense.
SBF lawyers to pay for technical expert to aid judge on bail terms
[Feb 21, 2023 11:10 PM] The judge overseeing Sam Bankman-Fried’s fraud case wants some help navigating the world of encrypted messaging, privacy apps, and virtual private networks.
Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX
[Jan 21, 2023 2:30 PM] On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom…
Media Draws Attention to Sam Bankman-Fried’s 2 Visits While on House Arrest
[Dec 30, 2022 4:30 PM] After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s home in California, it has been reported that SBF was visited by the crypto advocate Tiffany Fong, and also the “Big Short” author Michael Lewis…
FTX Co-Founder Faces ‘No-Nonsense’ Judge Next Week, Report Says SBF ‘Expected to Enter a Plea’ in Fraud Case
[Dec 28, 2022 4:35 PM] According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S…
‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition
[Dec 20, 2022 3:30 AM] FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthermore, courtroom reports noted that SBF dozed…
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed
[Dec 11, 2022 9:30 AM] Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed…
The Crypto 6 Case Heads to Trial With Only 1 Defendant Left, Prosecutor’s So-Called ‘Expert’ Excluded
[Dec 4, 2022 10:30 AM] On Dec. 6, 2022, the “Crypto Six” case will be heading to trial, and out of all six defendants, only Ian Freeman, co-host of the radio broadcast Free Talk Live, has not accepted a plea bargain. According to the most recent hearing, Freeman’s legal