11 / 18 Relevant items tagged with #Legal
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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…
FTX Debtors’ Lawsuit Seeks Recovery of $935 Million ‘Fraudulently’ Transferred to Bybit’s Investment Arm and Others
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
Ben 'Bitboy' Armstrong Calls Himself a Victim in Latest Court Filing
[Nov 7, 2023 3:52 AM] The infleuncer formerly known as Bitboy has filed a lawsuit against several executives at his former employer alleging threats and coercion, and is asking for his Lamborghini back.
US Supreme Court to Decide Whether Coinbase Can Force Users to Settle Disputes Through Arbitration
[Nov 6, 2023 8:30 PM] The U.S. Supreme Court has agreed to take up the Coinbase case concerning whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case stems from a dogecoin (DOGE) sweepstakes in which…
Federal Reserve Threatens to Sue Bitcoin Magazine
[Nov 3, 2023 7:30 AM] The U.S. Federal Reserve is taking legal action against Bitcoin Magazine in an attempt to silence criticism of its recently launched FedNow interbank clearing and settlement service.In a letter sent to the publication by the Federal Reserve Bank of…
Another Court Finds SEC Acted ‘Arbitrarily and Capriciously’
Guilty on All Counts: Former FTX CEO Sam Bankman-Fried Faces Potential Century-Long Sentence
[Nov 2, 2023 6:24 PM] Sam Bankman-Fried, the disgraced former CEO of FTX, has been convicted on all seven charges, including wire fraud, securities fraud, commodities fraud, and money laundering. The jury reached a verdict at around 7:45 p.m. (ET) on Thursday evening…
Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Lied About It
[Nov 2, 2023 2:00 PM] Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor’s…
Sam Bankman-Fried’s Attorney Paints Picture of Mistakes, Not Crimes, in Closing Argument
Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner
[Oct 31, 2023 9:30 PM] America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock…
Bankman-Fried’s Lawyers Challenge Core of Fraud Case, Questioning Fiduciary Ties Under English Law
[Oct 31, 2023 5:30 PM] Lawyers for Sam Bankman-Fried are seeking to instruct the jury that no trust or fiduciary relationship existed between the crypto exchange and its customers, a key part of the prosecution’s fraud case. Bankman-Fried’s Attorneys Question Trust…
Terraform Labs and Do Kwon Challenge SEC, Seeking Dismissal of Multi-Billion Dollar Fraud Charges
[Oct 31, 2023 3:30 PM] In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and…
Bankman-Fried’s Memory Fails Him in Court as Prosecution Delves Into Alameda’s Preferential Treatment
[Oct 31, 2023 1:30 PM] Ex-FTX chief Sam Bankman-Fried returned to the witness stand Monday, fielding a barrage of inquiries from the federal prosecutor. The interrogation spanned the better part of the day, with Bankman-Fried often struggling to recollect particular…
Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities
[Oct 30, 2023 1:04 PM] The Republic of the Marshall Islands has passed legislation that takes its already advanced law for decentralized autonomous organizations (DAOs) a step further.
SEC Wants $770 Million From Ripple — Lawyer Says SEC Is ‘Pissed and Embarrassed’
From Airbnb to Bahamas Elite — Bankman-Fried Testifies About FTX’s Operations and Alameda
[Oct 28, 2023 12:00 PM] Sam Bankman-Fried took the stand in his fraud trial on Friday, October 27, 2023, and was questioned by his lawyer about the operations of FTX and its relationship with affiliated crypto trading firm Alameda Research. Sam Bankman-Fried’s Trial…