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Court Rules BAYC NFTs Are Not Securities


A U.S. federal judge in the Central District of California dismissed a 2022 class-action suit, finding that Yuga Labs’ Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) do not meet the Howey test for securities. The ruling concluded plaintiffs failed to show a common enterprise or a reasonable...

Libra Probe Stalls in Argentine Congress: What’s Happening?


The commission in charge of investigating the Libra incident failed to get hold of the testimonies of several government officials. Karina Milei, the sister of President Milei and General Secretary of the Presidency, has been summoned to testify before the commission but has failed to appear twice....

UK Convicts Chinese Mastermind in Largest Bitcoin Seizure Case


A Chinese national has been convicted in the UK for masterminding a fraudulent crypto scheme that defrauded more than 128,000 victims of over 61,000 bitcoins. Global Investigation and UK’s Largest Seizure A Chinese national has been convicted in the United Kingdom (UK) for her role in a fraudulent...

Zondacrypto CEO Warns Poland’s Crypto Law Could Stifle Innovation


The CEO of a cryptocurrency exchange Zondacrypto has described Poland’s interpretation of the EU’s Markets in Crypto-Assets regulation (MiCA) as a “major step backwards.” Key Criticisms of the Crypto-Asset Market Act The CEO of a Polish cryptocurrency exchange has joined...

FTX Recovery Trust Sues Genesis Digital Assets, Seeks $1.15B Clawback


FTX Recovery Trust filed a Delaware adversary complaint seeking to claw back $1.15 billion from Genesis Digital Assets and affiliates, alleging Alameda-funded investments were fraudulent transfers financed with commingled customer money. FTX Estate Sues Genesis Digital Assets The complaint, lodged...

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