10 / 18 Relevant items tagged with #Legal
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Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
[Jan 25 11:30 PM] The cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that…
Canadian Court Declares Freeze on Crypto Donations During ‘Freedom Convoy’ Protests Unconstitutional
Dr Craig Wright Offers Settlement To COPA in Legal Confrontations Over Bitcoin
[Jan 24 1:43 PM] Today, Dr Craig S Wright, who claims to be Satoshi Nakamoto despite providing no concrete evidence, has issued a settlement offer to members of the Crypto Open Patent Alliance (COPA) and all other parties involved. The letter, published on Wright's…
Samourai Wallet Response To FinCEN Proposed Rules For Bitcoin Mixing
[Jan 24 11:00 AM] On October 23, 2023 we asked our attorney, Rafael Yakobi of The Crypto Lawyers to assemble an expert legal team to respond to the U.S. Department of the Treasury and FinCEN’s proposed rules that would seriously harm your privacy by effectively…
Tornado Cash Co-Founder Braces for Precedent-Setting Trial in US
[Jan 23 11:30 AM] Roman Storm, facing multiple federal charges related to his role in the creation of Tornado Cash, is bracing for a trial in the United States. Scheduled for September 2024, the trial could have far-reaching implications for the crypto industry and…
Denver Pastor Accused of Misappropriating $1.3 Million Raised via a Crypto Token Sale
[Jan 23 6:30 AM] The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and…
Ripple Asks Judge to Deny SEC’s New Discovery Requests Concerning XRP
Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC’s Expanded Security Definition
[Jan 22 3:00 PM] Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also…
Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit
[Jan 22 10:30 AM] Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to…
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
[Jan 21 3:00 AM] The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam…
Tron Refutes UN Study Findings Linking TRC-20 USDT to Bad Actors
[Jan 20 7:00 AM] The Tron Decentralized Autonomous Organization (DAO) has rejected a United Nations assessment which suggested that bad actors are behind most tether transactions facilitated via its protocol. It also sees its over 50% share of the USDT stablecoins…
Security Definition at the Core of Coinbase v SEC First Scuffle
[Jan 19 4:00 PM] Coinbase, a U.S based cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) had their first scuffle as New York’s Judge Katherine Polk Failla weighted in on a motion to dismiss the case in which the regulator alleges…
Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
[Jan 16 2:25 PM] Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next…
SEC Seeks Court Order for Ripple’s Financial Statements in Ongoing Legal Tussle
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
[Jan 5 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…