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DOJ charges crypto exchange operator for laundering Silk Road money

[Oct 29 1:54 AM] Along with money laundering, Maximiliano Pilipis is also accused of failing to file a tax return for income generated in 2019 and 2020. 

Homeowner lawsuit over $170K crypto theft rejected on appeal  

[Oct 25 6:06 AM] A United States appeals court said a district court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.

Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC’s Crypto Securities Lawsuit

[Aug 25 1:30 AM] The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court…

Kraken Crypto Exchange Fined by Australian Court

[Aug 24 11:20 AM] The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination…

Block Earner spared penalty in regulator’s crypto yield suit

[Jun 3 11:33 PM] The Australian federal court relieved Block Earner from paying a penalty after an Australian regulator’s legal action over unlicensed crypto yield-bearing products.

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

[Apr 12 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…

Court Uses Bitcoin Blockchain for Legal Summons, Revolutionizing Defendant Notification

[Jan 15 2:30 PM] A federal court in the U.S. has accepted the validity of using information contained in a Bitcoin transaction to notify a defendant about a civil action. The case, believed to be the first where this method is accepted, might help solve hundreds of…

Bloomberg Analysts Boost Spot Bitcoin ETF Approval Odds After Grayscale’s Court Victory

[Aug 30, 2023 5:30 PM] In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale…

Australian financial regulator sues eToro over ‘volatile’ trading products

[Aug 2, 2023 6:05 PM] The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them on the platform.

ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock

[Aug 2, 2023 5:30 PM] According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to…

U.S. Judge Dismisses Lawsuit Against DeFi Startup PoolTogether

[Jun 7, 2023 6:37 PM] The lawsuit, filed in 2021, alleges the platform operated in a way that enabled users to evade financial regulation and scam consumers.

Coinbase Shares Wells Response, Challenges SEC’s Change in Attitude Towards Its Core Businesses

[Apr 27, 2023 4:00 PM] On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the…

Founder of Crypto Exchange Bitzlato Denies US Charges

[Mar 16, 2023 2:30 AM] The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over…

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

[Mar 14, 2023 1:30 PM] The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would…

Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US

[Feb 10, 2023 6:30 AM] A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in…

Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process

[Jan 5, 2023 3:30 PM] The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the…

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…

Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019

[Dec 23, 2022 4:30 PM] On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of…

SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security

[Dec 22, 2022 4:00 PM] On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key…

FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds

[Dec 21, 2022 9:04 PM] On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that…