12 / 19 Relevant items tagged with #LEGAL
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U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
[Jan 5, 2024 1:00 PM] The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is…
DOJ’s Decision on SBF Case Outrages Crypto Industry — Coinbase Calls It ‘Miscarriage of Justice’
[Dec 30, 2023 5:30 PM] The decision by the U.S. Department of Justice (DOJ) not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried (SBF) has outraged the crypto industry. Crypto exchange Coinbase calls the decision a “miscarriage of justice.” One…
FTX Founder Sam Bankman-Fried Won't Face Second Criminal Trial, U.S. Prosecutors Say
[Dec 29, 2023 6:58 PM]
Crypto Project Sues Chainalysis
[Dec 26, 2023 8:30 AM] The new year seems set to start tumultuous for Chainalysis. In addition to the trial for Roman Sterlingov set to begin on February 12th, which questions the reliability of Chainalysis Reactor in a multi-million dollar money laundering allegation…
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
Report: British Virgin Islands Court Freezes 3AC Assets Worth Over $1 Billion
[Dec 23, 2023 5:30 AM] A court in the British Virgin Islands has issued an order to freeze assets worth over $1 billion belonging to the founders of the defunct crypto hedge fund Three Arrows Capital. The worldwide freeze order also bars Kelly Chen, the wife of Kyle…
New York Offers New Virtual Currency Guidance
[Dec 22, 2023 2:00 AM] On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business…
Judge Kaplan Rejects Bankman-Fried’s Request for Sentencing Delay, Affirms March 2024 Date
[Dec 20, 2023 5:30 PM] In a recent development in the high-profile case of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, a request for postponement of the sentencing hearing was firmly denied by U.S. District Judge Lewis Kaplan…
Man Fingered in the July 2022 Hack on 2 Decentralized Exchanges Pleads Guilty to Computer Fraud
[Dec 18, 2023 6:30 AM] U.S. Attorney for the Southern District of New York announced on Dec. 14 that Shakeeb Ahmed, a man accused of hacking two decentralized crypto exchanges, had pleaded guilty to the charge of computer fraud. Ahmed is said to have attempted to cover…
Open Source Justice On Resolvr
[Dec 15, 2023 10:05 AM] I’m an attorney. As soon as I found Bitcoin I began thinking about how it would change the justice system, the rule of law, and the ways in which society resolves disputes. That was the topic of my first article for Bitcoin Magazine, which…
Report: Montenegro High Court Extends Do Kwon’s Detention by 2 Months
Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity
[Dec 12, 2023 8:52 AM] Q Protocol, which provides blockchain governance as a service to Web3 and decentralized autonomous organizations, will use the rules laid out by the International Chamber of Commerce (ICC)'s arbitration court to resolve disputes and enforce awards.
Former SEC Official Warns of the End of Binance — ‘It’s Only a Matter of Time Before Entire Binance Plea Deal Collapses’
Texas Bitcoin Mining Operation Shutdown By Host’s Armed Security
[Dec 6, 2023 8:00 AM] Last Monday, November 27, Whinstone Inc.’s private security entered the Rockdale, TX-based premises of Rhodium Enterprises in order to remove employees to cease operation of their 125MW Bitcoin mining facility. The legal battle that culminated in…
Binance and CZ Settle With the DOJ and Other Federal Agencies
[Dec 6, 2023 4:00 AM] On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges…
SEC Makes ‘Materially False and Misleading’ Representations Against Crypto Firm — Judge Threatens Sanctions
U.S. Judge Warns SEC Over 'False and Misleading' Request in Crypto Case
[Dec 1, 2023 5:06 PM] A federal judge threatened to sanction the SEC's lawyers after their "false" arguments prompted a court to impose a temporary restraining order on crypto firm Debt Box.
Soccer Star Cristiano Ronaldo Faces $1B Class Action Suit Over Binance Endorsement
[Dec 1, 2023 12:44 PM] The suit, filed in the District Court of the Southern District of California, alleges that Ronaldo "promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance."
Crypto Regulation And Compliance: Navigating The Evolving Regulatory Landscape For Bitcoin
[Dec 1, 2023 8:00 AM] Cryptocurrencies have been around for over a decade; yet, it’s only in recent years that the mainstream has recognized the full extent of their utility. Whether your business is using Bitcoin as a hedge against traditional currencies, trying to…
Binance CEO Changpeng Zhao Pleads Guilty, Steps Down
[Nov 30, 2023 12:00 PM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
Coinbase CEO Says Binance Settlements Allow Crypto Industry to ‘Turn the Page’
Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government’s Request
[Nov 27, 2023 8:30 PM] A federal judge has barred former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court has made a decision on the U.S. government’s motion to prevent his return to the United Arab Emirates (UAE) before sentencing. The…
Former Binance CEO CZ Seeks to Dismiss Government’s Motion Blocking His Return to UAE Before Sentencing
[Nov 25, 2023 10:30 PM] Former Binance CEO Changpeng Zhao (CZ) is seeking to dismiss the U.S. government’s motion to prevent him from going home to the United Arab Emirates (UAE) before sentencing. Despite the judge determining that the ex-Binance boss poses no flight…
SEC Scores ‘Huge Victory’ in Binance-DOJ Settlements, Former SEC Official Says
[Nov 24, 2023 9:30 PM] The U.S. Securities and Exchange Commission’s former head of internet enforcement has detailed why the SEC is a huge winner in the Binance settlements with the U.S. Department of Justice (DOJ), the Treasury, and other federal authorities. He…
US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto Scams
Binance Settlements Could End Death-Spiral Fears – And Might Be Good News
[Nov 22, 2023 1:35 PM] The crypto exchange Binance's expensive deal with U.S. prosecutors this week bears harsh consequences, but could mean a positive outlook for the company in the long term.
Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil
[Nov 22, 2023 11:00 AM] In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto…
SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit
[Nov 21, 2023 8:30 PM] The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s…
Binance Faces $4 Billion Demand From US Justice Department to Settle Criminal Case: Report
[Nov 20, 2023 8:30 PM] Cryptocurrency exchange Binance is reportedly facing a $4 billion demand from the U.S. Department of Justice (DOJ) in order to settle a criminal case. The Justice Department has been investigating Binance on allegations related to money laundering…