6 / 10 Relevant items tagged with #Lawsuit

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Sotheby's and Yuga Labs respond to lawsuit from Bored Ape investors

[Aug 17, 2023 3:25 AM] Art broker Sotheby's has been named in the Bored Ape investors case against NFT company Yuga Labs, which said that the new allegations are without merit and described the complaint as "opportunistic."

Binance seeks protective order against SEC’s ‘fishing expedition’

[Aug 14, 2023 10:03 PM] The exchange claims the SEC's deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance.

Cameron Winklevoss to DCG Amid Their Crypto Lending Fight: 'Good Luck' Convincing a Jury

[Aug 11, 2023 11:43 AM] His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini's Earn lending service.

Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed

[Aug 10, 2023 10:00 PM] Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent…

Digital Currency Group Files to Dismiss Crypto Exchange Gemini’s Fraud Claims

[Aug 10, 2023 10:04 AM] DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss.

SEC to seek interlocutory appeal in Ripple case

[Aug 9, 2023 4:11 PM] The SEC's interlocutory appeal comes nearly a month after Judge Analisa Torres laid out her non-final ruling.

FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors Say

[Aug 9, 2023 2:00 PM] Founder of failed crypto exchange FTX, Sam Bankman-Fried, will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday. The charge was dropped earlier because the extradition treaty with the Bahamas…

FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’

[Aug 8, 2023 11:49 PM] The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.

Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more

[Aug 6, 2023 10:56 PM] The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.

Class Action Lawsuit Against Tether, Bitfinex Dismissed

[Aug 5, 2023 1:30 PM] A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin…

Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority

[Aug 4, 2023 11:30 AM] In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights…

Coinbase to file order seeking dismissal of SEC lawsuit

[Aug 3, 2023 6:31 PM] Paul Grewal said Coinbase will seek to dismiss the SEC’s suit on Aug. 4 which will argue that it never sold securities as the regulator alleged.

HEX Plummets Over 40% After SEC Files Lawsuit Against Creator Richard Heart

[Aug 2, 2023 3:30 PM] After the U.S. Securities and Exchange Commission filed a lawsuit against Richard Heart and his companies Hex, Pulsechain and Pulsex, the crypto asset hex (HEX) has been in a free fall. Two-week statistics show HEX has lost 41.7% against the U.S…

SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex

[Jul 31, 2023 9:30 AM] The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities…

Binance, CZ to Seek Dismissal of CFTC Complaint

[Jul 26, 2023 12:00 AM] Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC…

CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ scheme

[Jul 25, 2023 10:34 PM] Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.

Miami Heat’s Jimmy Butler seeks dismissal from Binance promo class suit

[Jul 25, 2023 9:44 PM] Lawyers for the basketball star claim he did not mention any alleged securities but instead warned of celebrities promoting crypto investments.

Binance and CEO Changpeng Zhao seeks to dismiss CFTC complaint

[Jul 24, 2023 7:56 PM] Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC against them.

Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win

[Jul 24, 2023 5:30 AM] Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain…

FTX Sues SBF, Former Execs to Recover Over $1 Billion

[Jul 21, 2023 11:30 PM] Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the…

Ripple case: SEC appeal unlikely as it gains from 'current confusion' — Haun Ventures CEO

[Jul 16, 2023 7:55 PM] An immediate appeal could only jeopardize the SEC’s “entire enforcement agenda,” said Katie Haun of Haun Ventures.

FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits

[Jul 13, 2023 3:30 PM] On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with the firm and imposed a $4.7 billion fine for “duping consumers.”…

SEC Sues Bankrupt Crypto Lender Celsius, Alleges Misrepresentation of Customer Count and Risky Practices

[Jul 13, 2023 1:30 PM] The U.S. Securities and Exchange Commission has filed a lawsuit against the now-defunct cryptocurrency lender, Celsius. The suit, filed Thursday, also names former CEO Alexander “Alex” Mashinsky as a defendant. Both he and the company…

US Judge Rules XRP ‘Not Necessarily a Security on Its Face,’ Sending XRP Supporters Into Celebration

[Jul 13, 2023 11:30 AM] According to a recent ruling handed down by U.S. judge Analisa Torres, the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple…

Tom Brady Lost $30 Million in FTX Stock After Exchange’s Collapse, Report

[Jul 9, 2023 4:00 AM] Former National Football League (NFL) quarterback Tom Brady has reportedly lost tens of millions of U.S. dollars in stock of the failed crypto exchange FTX. Brady is one of several celebrities sued by FTX customers for their endorsements of the…

Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception

[Jul 7, 2023 11:30 AM] After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had…

George Bachiashvili's lawyer denies $39M Bitcoin misappropriation charges

[Jul 7, 2023 7:30 AM] The Prosecutor’s Office of Georgia alleges that billionaire George Bachiashvili misappropriated 8,253.13 Bitcoin in 2017, worth $39 million at the time.

Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

[Jul 3, 2023 11:07 PM] In an open letter, Cameron Winklevoss slammed DCG's Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.

Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation

[Jul 2, 2023 9:30 AM] According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate…

Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers

[Jun 28, 2023 2:51 PM] FTX's lawyers allege Daniel Friedberg allowed its executives' criminal activities to fly under the radar for years.