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.
2 / 27 Relevant items tagged with #Law
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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.
BTC/KRW pair dipped 30% as South Korea’s president declared martial law
[Dec 3, 2024 3:26 PM] In response to the martial law declaration, opposition Democratic Party leader Lee Jae-myung expressed concern that the military would arrest members of South Korea’s parliament.
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.
US Treasury under Trump could take a different approach to Tornado Cash
[Nov 27, 2024 9:44 PM] Tornado Cash developers are facing criminal charges, and affected parties have civil lawsuits pending against the US Treasury over sanctioning the crypto mixer.
Lawsuits could be catastrophic for DAOs if denied ‘limited liability’
[Nov 27, 2024 2:30 PM] The VC firms sued in a California case were active in DAO management, much like general partners, said the court. They could face hefty lawsuits.
Gensler’s SEC made US ‘nearly untenable’ for crypto firms, say observers
[Nov 26, 2024 2:30 PM] Gary Gensler is going, but the lawsuits against crypto firms may continue — until Congress defines how securities laws apply to digital assets.
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.
Bitfinex money launderer ‘Razzlekhan’ sentenced to 18 months in prison
[Nov 18, 2024 7:32 PM] A federal judge sentenced Heather Morgan, also known as Razzlekhan, to 18 months in prison for laundering stolen Bitcoin connected to Bitfinex.
18 US states file lawsuit against SEC, Gary Gensler: Law Decoded
[Nov 18, 2024 7:00 PM] Consensys CEO Joe Lubin said SEC crypto cases will be settled or dismissed under the incoming Trump administration.
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.
Pennsylvania lawmaker introduces bill for ‘strategic Bitcoin reserve’
[Nov 14, 2024 5:21 PM] The proposed legislation would allow the State of Pennsylvania’s Treasurer to invest up to 10% of its funds in Bitcoin, suggesting a multibillion-dollar investment.
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.
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.”
Canadian police praise Tether for 'swift' recovery of stolen funds
[Nov 8, 2024 9:45 PM] The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.
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.
UK Lords Echo Support for Digital Assets Property Bill
[Nov 7, 2024 3:09 PM]
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.
Bitcoin can still hit $100K, no matter who wins US election
[Nov 1, 2024 2:54 PM] The prospect of favorable regulations and Bitcoin’s hedge status mean that Bitcoin can weather any election result and even reach $100,000.
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.
Lovers vs. haters: The 10 most pro- and anti-crypto politicians in the US
[Oct 30, 2024 12:30 PM] While support for the crypto industry has been growing in Washington, it still has a fair number of detractors.
President Biden thanks Nigerian President for Binance exec’s release
[Oct 29, 2024 8:21 PM] A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February.
What to expect at Nishad Singh’s sentencing hearing
[Oct 25, 2024 3:53 PM] After pleading guilty to six felony charges in February 2023 after FTX’s collapse, the former engineering director could face years in prison.
US gov’t cites ex-FTX exec’s ‘exemplary cooperation’ before sentencing
[Oct 24, 2024 4:04 PM] Prosecutors asked Judge Lewis Kaplan to consider Nishad Singh’s “substantial assistance” to the government in its case against Sam Bankman-Fried at sentencing.
Ripple ‘made a mistake’ not talking to regulators early, says CEO
[Oct 24, 2024 3:12 AM] Ripple should have engaged with US regulators a lot earlier, says the firm’s CEO Brad Garlinghouse, who added it’s now “trying to make up for lost time.”