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SafeMoon CEO John Karony Claims He’s “Innocent” Of Multi-Million Crypto Fraud Scheme
22.4.2024
SafeMoon CEO John Karony has taken to X (formerly Twitter) to defend his innocence after being charged by U.S. officials for his role in the company's alleged crypto fraud scheme. Karony's X post comes just months after his legal team withdrew earlier this year over a lack of funds.
The post...
FTX Founder Bankman-Fried Agrees to Settlement, Aids Legal Action Against Celebrities
21.4.2024
In a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivotal moment in the extensive legal battles...
Binance Co-Founder Says Former CEO CZ Is in a ‘Positive Situation’ Ahead of Sentencing
19.4.2024
At a Dubai event, Binance co-founder He Yi discussed former CEO Binance CZ's legal situation, describing it as "largely peaceful" despite his upcoming sentencing in the US. CZ's plea deal led to his resignation and a $4.3 billion forfeiture by Binance. Yi also addressed Binance's regulatory stance...
SEC Reworks Justin Sun Tron Lawsuit, Claims Founder “Traveled Extensively”
19.4.2024
The United States Securities and Exchange commission (SEC) has edited its Tron lawsuit against Justin Sun and his companies the Tron Foundation, the BitTorrent Foundation, and Rainberry, amended court docs filed on Thursday reveal. The filing marks the latest legal move in the SEC's fight against...
Report: Mango Markets Exploiter Convicted in Multi-Million Dollar Crypto Fraud Case
18.4.2024
A U.S. federal jury has convicted Avraham ‘Avi’ Eisenberg on charges of commodities fraud, commodities manipulation, and wire fraud due to his involvement in the $116 million exploit of Mango Markets, a Solana-based decentralized exchange (dex) platform. Jury Convicts Avi Eisenberg...
Cyprus SEC Extends FTX Europe’s License Suspension Until September 2024
17.4.2024
Explore the latest developments surrounding FTX Europe as CySEC extends its license suspension. Entangled in legal disputes and financial woes, the crypto firm must fulfill existing obligations while navigating an uncertain future.
The post Cyprus SEC Extends FTX Europe’s License Suspension...
Ripple’s legal council counters false information on social media
17.4.2024
The legal council of Ripple, Stuart Alderoty, has countered the false information being circulated on social media. He has cleared the air on the issue of a pretrial with the Securities and Exchange Commission slated for the 16th of April, stating that there is no such agenda in the offing....
Reserve Bank of Fiji Says Crypto Not Recognised as Legal Tender
16.4.2024
The central bank of the Pacific island country of Fiji has released a note to the public cautioning that investment in cryptocurrencies and virtual assets such as Bitcoin, Ethereum, Tether are not recognised as legal tender in the country.
The post Reserve Bank of Fiji Says Crypto Not Recognised...
BlockDAG gains prominence with potential 20,000x ROI amid cryptocurrency market fluctuations with Solana’s legal challenges and Ethereum’s expected growth
16.4.2024
Amid the ongoing volatility in the cryptocurrency market, highlighted by Solana’s significant liquidations and Ethereum’s optimistic price projections, BlockDAG draws attention to its promising potential for a 20,000x ROI, positioning it among the top ten cryptocurrencies for 2024....
Worldcoin Faces Over $1 Million in Fines in Buenos Aires for Legal Violations
15.4.2024
Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair...
Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official
15.4.2024
A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is...
Will halving and legal battles spark a surge in Bitcoin?
15.4.2024
Bitcoin is priced at around $65,058.20 at the time of drafting this article. That is a fall from the recent high of $70,000. Retracing the price is normal for the crypto market, especially when analysts have predicted a correction ahead of the Bitcoin halving event. What comes next is speculation...
Vietnam Not Banning Crypto, But Legal Framework Needed: Ministry Rep
15.4.2024
A Vietnam ministry representative clarified Friday that crypto is not prohibited within the country. However, he emphasized the importance of establishing a legal framework to regulate them and mitigate potential risks.
The post Vietnam Not Banning Crypto, But Legal Framework Needed: Ministry...
Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions
15.4.2024
In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital...
Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges
14.4.2024
A former security engineer, who stole digital assets valued at more than $12 million from two decentralized exchanges, has received a three-year prison sentence. In what has been characterized as the “first-ever” conviction for a smart contract hack, the U.S. Judge also ordered...
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
12.4.2024
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami,...
Sam Bankman-Fried Files Notice of Appeal, Challenges Conviction and Sentence
12.4.2024
Former FTX CEO Sam Bankman-Fried formally lodged an appeal against both his conviction and sentence with the District Court for the Southern District of New York (SDNY) on Thursday. Bankman-Fried’s legal representatives had anticipated this move, having previously requested that he remain at...
Sam Bankman-Fried Files Notice Of Appeal For FTX Trial, Requests To Stay In Brooklyn Federal Jail
11.4.2024
FTX founder Sam Bankman-Fried has formally his notice of appeal for his FTX trial and is requesting to stay in a Brooklyn, New York prison in order to be closer to his legal team, new court filings reveal. The latest legal move for SBF comes as his co-conspirator, Ryan Salame, is set to...
Australian Securities Regulator Appeals Federal Court Ruling Favoring Finder Wallet
11.4.2024
The Australian securities regulator has said it will appeal the federal court’s dismissal of its civil penalty proceedings against Finder Wallet Pty Ltd. The regulator launched penalty proceedings against the crypto firm on Dec. 15, 2022, just days after Finder Wallet withdrew its Earn...
Fans Considering Legal Action After Disney Kart Racer Changes Battle Pass Monetization
10.4.2024
While you might not expect a Disney-themed kart racing game to be the subject of much controversy, Disney Speedstorm has implemented some changes to its progression that have upset fans so much that some are considering legal action. Developer Gameloft has framed these changes as helpful for people...