Court denies Kraken’s motion to dismiss SEC lawsuit
[Aug 23, 2024 8:11 PM] The SEC alleges Kraken is operating an unregistered securities exchange.
3 / 10 Relevant items tagged with #Lawsuit
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SEC opposes Richard Heart’s bid to dismiss $1B securities lawsuit
[Aug 23, 2024 3:48 AM] The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US.
Nvidia crypto sales case could see flood of ‘frivolous’ lawsuits — Advocate body
[Aug 22, 2024 6:18 AM] Crypto advocates The Digital Chamber has backed Nvidia in a Supreme Court fight with investors, saying the court’s decision could affect the entire crypto industry.
Miami Heat star, ‘Bitboy’ agree to cough up $340K to settle Binance promo suit
[Aug 22, 2024 2:46 AM] Pro basketballer Jimmy Butler and crypto influencer Ben Armstrong are looking to settle claims in a Binance-related class lawsuit while denying any wrongdoing.
$24M CryptoPunk NFT quietly sold, Trump earned over $7M from NFTs: Nifty Newsletter
[Aug 21, 2024 7:00 PM] The most expensive CryptoPunk ever purchased was transferred for an undisclosed amount on Aug. 19, causing speculation about its sale price.
Judge denies SEC attempt to hamper Tron’s defense amid dismissal ploy
[Aug 20, 2024 4:41 AM] Justin Sun and his associated companies are “not challenging the ‘common enterprise’ element of the Howey test,” ruled the New York District Judge.
Shaquille O’Neal may still be in hot water over Astral NFTs, says judge
[Aug 20, 2024 1:59 AM] A Miami judge didn’t dismiss a claim that basketball legend Shaquille O’Neal was a “seller” of Astrals NFTs and found they could be securities under US law.
Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App
[Aug 18, 2024 6:30 AM] A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the…
Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate
San Fran city attorney sues sites that ‘undress’ women with AI
[Aug 16, 2024 4:39 AM] Dek: AI-powered websites allowing users to create nonconsensual nude photos of women and girls were visited 200 million times in the first half of the year.
Kim Dotcom’s Extradition to US Approved by New Zealand Justice Minister
[Aug 15, 2024 3:30 PM] Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and…
Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy
[Aug 11, 2024 6:00 PM] Bankrupt crypto lender Celsius Network has initiated legal proceedings against Tether, the company behind the USDT stablecoin. The lawsuit, which was filed concerning a contract dispute dating back to 2022, alleges that Tether violated their…
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
[Aug 10, 2024 6:36 PM] The assets in question were evidently given to Tether as collateral.
X halts ads for Premium+ users as Musk lawsuit challenges First Amendment
[Aug 8, 2024 6:59 PM] Musk may finally be acknowledging the sun has set on X’s ad sales, but he isn’t going quietly into that good night.
EU watchdog sues Elon Musk’s X over alleged AI data violations
[Aug 7, 2024 6:44 PM] As recently as July 25, the DPC seemed to believe the matter would be resolved without court actions.
SEC pushes back against Coinbase's 'overly broad' discovery requests
[Aug 6, 2024 4:51 AM] The regulator claims that Coinbase's document discovery requests are overly broad and disproportionate to the needs of the case.
DraftKings kills NFT business, citing 'legal developments’
[Jul 31, 2024 1:51 AM] It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.
Riot subsidiary Whinstone US sues former JV partner over revenue flow
[Jul 23, 2024 3:52 PM] The partners at the Texas facility had troubled relations almost from their start in 2020.
Judge nods Robinhood’s $9M ‘refer-a-friend’ lawsuit settlement
[Jul 17, 2024 8:55 PM] Robinhood has settled a long-running class-action lawsuit in Washington that involved unsolicited text spamming via its ‘refer-a-friend’ program.
Coinbase narrows subpoena, wants Gensler’s emails during time as SEC Chair
[Jul 15, 2024 5:44 PM] Coinbase initially demanded a subpoena into Gary Gensler’s private communications before his time as SEC Chair but has changed tactics in its latest letter to the judge.
Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether
[Jul 15, 2024 2:12 PM] Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws.
Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt
[Jul 8, 2024 9:11 PM] Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy…
SEC wants retailer’s crypto suit tossed as it’s based on ‘phantom’ policy
[Jul 4, 2024 12:10 AM] A Texas bag retailer sued the SEC to get legal protection for a token airdrop, but the regulator says the suit was based on a policy that doesn’t exist.
Binance US Confident in Legal Battle Against SEC as Case Moves Forward
Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance
[Jul 1, 2024 8:31 PM] The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and…
Gamestop Whale Roaring Kitty Sued for Securities Fraud
SEC Serves Fresh Lawsuit To Metamask Developer Consensys – What’s The Problem This Time?
[Jun 29, 2024 1:30 PM] The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. SEC Accuses…
Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
[Jun 29, 2024 9:22 AM] Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are…
SEC Charges Consensys With Violating Federal Securities Laws
[Jun 28, 2024 11:33 AM] The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys Software Inc., accusing the blockchain firm of violating federal securities laws by failing to register as a broker and engaging in unregistered securities…
Logan Paul sues Coffeezilla for defamation over CryptoZoo videos
[Jun 27, 2024 10:15 PM] Logan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, “maliciously and repeatedly” made false statements about his NFT project CryptoZoo.