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Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal
17.11.2023
source: gesrey/Adobe South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term...
GS Partners Accused of Defrauding Crypto Investors in Metaverse Schemes
17.11.2023
Regulators crack down on GS Partners for allegedly fraudulent metaverse crypto offerings. Image by Aliaksandra, Adobe Stock. California, Texas, and several other U.S. states have cracked down on GS Partners, accusing the company of defrauding cryptocurrency investors through various fraudulent...
Best Crypto to Buy Now November 16 – Kaspa, Render, Avalanche
16.11.2023
KAS, RNDR, and AVAX are hitting new highs making their case as the best crypto to buy now. Also, keep an eye on BTCMTX and TGC. Image by cryptonews.com. With the KAS price hitting new highs, Kaspa is making a case for itself as the best crypto to buy now. Render and Avalanche are also […]
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Do Kwon’s Appeal in Document Forgery Case Rejected by Montenegro High Court
16.11.2023
Disgraced Terraform Labs founder Do Kwon’s appeal in his document forgery case has been rejected by a High Court in Montenegro. Judge finds Kwon’s appeal based on “unfounded” claims According to a statement by the High Court of Podgorica, claims made in the appeal by Do Kwon and his co-conspirator...
Do Kwon's Appeal in Fake Passport Case Denied by Montenegro High Court
16.11.2023
The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence
Court Rejects Class Certification Request Against Robinhood in GameStop Meme Case
15.11.2023
Source: Pixabay A US District Court for the Southern District of Florida has ceremoniously rejected the requests for class certification by investors who have taken legal action against the Robinhood platform. Making her decision known in a court document on November 13, Chief Judge Cecilia...
Tornado Cash Users Appeal Court Ruling Backing Treasury Department’s Sanctions
15.11.2023
Source: Pixabay The plaintiffs in the case against the United States Treasury Department’s sanctions over the popular cryptocurrency mixer Tornado Cash are dissatisfied with the ruling of the court. A group of five Tornado cash users has filed an appeal against the judgment of the US District Court...
Delaware State DOJ Might Investigate the BlackRock Hoax XRP ETF Filing
15.11.2023
Source: Pixabay Delaware authorities have referred the false Blackrock Ripple (XRP) exchange-traded fund (ETF) case to the State’s Department of Justice (DOJ). A fake XRP ETF was submitted Monday under the name of a BlackRock managing director, appearing on the corporation’s website. Dubbed...
Mediation to begin in FTX, BlockFi Case, Judge Rules
14.11.2023
In a court filing on November 13th, U.S. bankruptcy judge Michael Kaplan ended an automatic stay on proceedings between bankrupt crypto companies FTX and BlockFi, paving the way for mediation in their claims settlement. BlockFi’s forced bankruptcy FTX founder, Sam Bankman-Fried, was found...
FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules
14.11.2023
BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two
South Korean High Court Sentences Crypto Scammer to 9 Years in Jail
14.11.2023
Source: kwanchaift/Adobe A branch of the South Korean High Court has jailed a convicted crypto scammer who operated a bogus token trading platform for nine and a half years. Per Seoul Kyungjae, the case was heard at the Busan High Court (Ulsan Tribunal) on November 12. The scammer, unnamed...
Spanish Regulators Crack Down on Crypto Ad Violations, Hint at Probing X
13.11.2023
Source: Pixabay Spain’s securities market regulatory body said it had begun investigating its inaugural case pertaining to a potential violation of regulations governing large-scale advertising campaigns for crypto assets. The National Securities Market Commission (CNMV) announced on Wednesday last...
Spanish Watchdog Initiates Sanctions Against Miolos for Violating Crypto Ad Rules
9.11.2023
Source: Pixabay The National Securities Market Commission (CNMV) of Spain has opened its first crypto infringement case against local technology provider Miolos. CNMV, the Spanish securities markets regulatory body, released an agreement on Wednesday, announcing “sanctions proceedings” against...
Gary Gensler: Crypto Frauds Extend Beyond a Single Case
9.11.2023
Image Source: CNBC Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has issued a warning about the prevalence of fraud in crypto, stating that there are multiple “notorious fraudsters” operating in the space. Gensler’s comments come on the heels of the criminal...
Spanish regulators set precedent with crypto ad violations case
9.11.2023
The National Securities Market Commission accuses Miolos of non-compliance with the cryptocurrency regulations established by the CNMV circular from January 2022
US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert
9.11.2023
The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts”...
Convicted Sam Bankman-Fried’s Legal Battles Rage On Amidst SEC, CFTC Charges, and Class Action Fury
8.11.2023
Sam Bankman-Fried was convicted on all charges in the Department of Justice’s fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which have...
What's Next for Sam Bankman-Fried's Legal Case?
7.11.2023
The story of "United States v. Sam Bankman-Fried" isn't quite over yet. Now that he's been found guilty on seven different charges, a few different things are going to happen
US Supreme Court to Decide Whether Coinbase Can Force Users to Settle Disputes Through Arbitration
7.11.2023
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 users accused Coinbase of false advertising....
Epic Games Admits In Court That Its PC Store Still Isn't Profitable
7.11.2023
On Monday, during the first day of the Epic v. Google legal showdown over app store fees, both companies gave their opening statements and began poking at each other’s witnesses. And during the day, Epic admitted that its digital PC game store still isn’t profitable. Read more