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Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey
14.6.2023
The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in running the now defunct platform. Alleged Crypto...
Bahamas Supreme Court Allows Bankman-Fried to Challenge Extra DOJ Charges
14.6.2023
The Supreme Court of the Bahamas has granted FTX founder Sam Bankman-Fried the ability to challenge new charges levied against him by US prosecutors.
The charges, which include bank fraud and bribery in addition to the original charges of wire fraud and money laundering, were added after...
Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Starting Thursday
14.6.2023
The move follows a Tuesday ruling from a Delaware court
Sam Bankman-Fried Can Contest Extra DOJ Charges, Bahamas Supreme Court Says
14.6.2023
The FTX founder pleaded not guilty to fraud in the U.S. after being extradited from the Caribbean country
SEC and Binance.US to negotiate deal avoiding total asset freeze
14.6.2023
U.S. District Judge Amy Berman Jackson has ordered the two entities to work towards a compromise
An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’
14.6.2023
Binance fired back at the U.S. Securities and Exchange Commission’s temporary restraining order (TRO) request on Monday, assuring the court that “there is no risk” to customer assets. The exchange’s legal team dismissed the notion of an “emergency,”...
SEC asks for more time to respond to Coinbase call for crypto clarity
14.6.2023
The securities regulator said it would make a recommendation within 120 days on Coinbase’s rulemaking request, but says the action has “no merit.”
Binance Goes to Court Against the SEC
13.6.2023
Binance and Binance.US have made their case against the SEC's motion to freeze all Binance.US funds
SEC and Binance seek compromise on US assets freeze
13.6.2023
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order
Asset Freeze to Halt Binance US Operations, Exchange Says, Seeks Rejection of SEC Request
13.6.2023
Crypto exchange Binance US has urged a federal judge to reject a request by the U.S. securities regulator to freeze its assets. The company won’t be able to maintain the trading platform or pay employees and vendors, defense attorneys said in a court filing. ‘No Need for the Draconian Relief Sought...
US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital
12.6.2023
Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022
Binance, Coinbase head to court, and the SEC labels 67 crypto-securities: Hodler’s Digest, June 4-10
10.6.2023
The SEC sues Binance and Coinbase, and labels dozens of coins as securities. Both the crypto exchanges paused services while promising legal battles in courts
Court Supports FTX's Request to Remove Customer Names from Bankruptcy Filings
10.6.2023
Bankrupt cryptocurrency exchange FTX has secured court permission to remove the names of its customers from all filings in its bankruptcy case.
The US Bankruptcy Judge John Dorsey in Wilmington, Delaware, has concluded that publishing the names of individual customers could put them at risk...
Ooki DAO to shut down after 'precedent setting' court battle with CFTC
10.6.2023
The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.”
Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules
10.6.2023
Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject...
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
9.6.2023
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf
US court rejects Fed's motion to dismiss Custodia Bank case
9.6.2023
Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account
Report: Zimbabwean Crypto Trader Uses Recovery Phrase to Steal Digital Assets Worth $457K From Client
9.6.2023
A Zimbabwean crypto trader has appeared in court to face theft and money laundering charges after prosecutors accused him of stealing digital assets worth more than $457,000 from his client. The crypto trader is accused of siphoning the digital assets using seed phrases and passwords he obtained...
FTX argues releasing ‘valuable’ customer list will harm its sale value
9.6.2023
Releasing the nine million-strong list of customers would “impair” the ability to maximize value for FTX creditors, a banker for the exchange said
Disney Card Game Gets Sued For Allegedly Copying Rival's Design
8.6.2023
The release of Lorcana, Disney’s upcoming collectible card game, is now in jeopardy because The Upper Deck Company has issued a class action lawsuit against Lorcana publisher Ravensburger accusing one of the game’s designers of intellectual property theft.Read more