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Former Ethereum Adviser Intends to Sue U.S. Government for $9.6B Over Dropped Extortion Charges
10.4.2024
The former Ethereum adviser has retained well-known civil liberties lawyer Alan Dershowitz to serve as a consultant on constitutional issues in the case
Judge to Sentence Former FTX Executive Ryan Salame in Late May
10.4.2024
Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per the judicial records, Ryan Salame, once...
Uniswap Labs Receives SEC Wells Notice, Founder Vows to Fight
10.4.2024
In a recent social media post, Hayden Adams, the founder of Uniswap Labs, announced that the company has received a Wells notice from the Securities and Exchange Commission (SEC), expressing his disappointment and determination to contest the notice. SEC Sends Decentralized Exchange Uniswap a Wells...
Coinbase Legal Chief Pushes For Stablecoin Regulation
9.4.2024
Paul Grewal, the legal chief at Coinbase, encouraged the US Congress to quickly pass stablecoin legislation on April 9 in order to combat the illegal usage of cryptocurrencies. Paul Grewal's plea coincides with the Senate Banking trial on combating terrorism, illicit financing, and sanctions...
Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election
9.4.2024
Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing
South Korean Youth Crypto Investment Driving Many to Debt – Report
9.4.2024
South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows.
The post South Korean Youth Crypto Investment Driving Many to Debt – Report appeared first on Cryptonews
Costa Rica Mulls on Legal Use of Bitcoin for Daily Transactions: Report
8.4.2024
Costa Rica's new crypto legislation would “compromise the ability to freely use Bitcoin as money for day-to-day transactions.”
The post Costa Rica Mulls on Legal Use of Bitcoin for Daily Transactions: Report appeared first on Cryptonews
Crypto Advocacy Groups Support Tornado Cash Developer in Legal Battle – Here’s the Latest
7.4.2024
Crypto advocacy groups have come to the support of Roman Storm, the developer of Tornado Cash, in his ongoing legal battle.
The post Crypto Advocacy Groups Support Tornado Cash Developer in Legal Battle – Here’s the Latest appeared first on Cryptonews
Ripple’s Chief Legal Officer Blasts SEC Over Crypto Regulation, XRP Lawsuit: “Get Off Your Soap Box”
5.4.2024
Ripple’s Chief Legal Officer, Stuart Alderoty, told the United States Securities and Exchange Commission (SEC) to “get off its soap box” after the SEC’s Director of Enforcement, Gurbir Grewal, seemingly criticized the crypto exchange for its XRP lawsuit.
The post Ripple’s Chief Legal Officer...
Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
5.4.2024
In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a confidential meeting and vote resulted in the annulment...
US Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison
5.4.2024
A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of victims,” said U.S. Attorney Damian Williams. The Onecoin legal chief was also ordered...
Ripple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’
4.4.2024
Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court rulings that criticized the SEC for “gross abuse of power,” lack...
Legal Experts Explain Why Sam Bankman-Fried’s 25-Year Prison Sentence Is Fair
4.4.2024
Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds...
OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme
4.4.2024
“Irina Dilkinska's involvement in the sprawling OneCoin pyramid scheme was a flagrant breach of conduct,” says U.S. Attorney Damian Williams.
The post OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme appeared first on Cryptonews
Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps
4.4.2024
The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."
KuCoin Market Share Plunges By 50% Amid Legal Tussle With US Authorities
4.4.2024
Due to large money outflows, KuCoin's market share has significantly decreased, going from roughly 6.5% to less than 3%. This is in line with an April 2 Kaiko data release. The decrease in market share coincides with a lawsuit that was launched on March 26 against the Commodity Futures Trading...
Binance Appoints Board of Directors for First Time in Effort to Rebuild Reputation Following Legal Troubles
2.4.2024
Binance has named a board of directors for the first time, aiming to reshape its image following last year's guilty plea to US charges of anti-money laundering and sanctions violations.
The post Binance Appoints Board of Directors for First Time in Effort to Rebuild Reputation Following Legal...
After Sam Bankman-Fried’s Sentencing, Spotlight Turns to Former FTX Associates
2.4.2024
After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle. The Uncertain Road Ahead for FTX’s...
Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process
1.4.2024
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never...
TRON seeks dismissal of SEC lawsuit in bold legal move
1.4.2024
TRON Foundation has vehemently demanded the shutting down of an SEC’s (United States Securities and Exchange Commission) lawsuit, claiming that the agency is overreaching its limits in regulating activities primarily carried out outside the borders of the U.S. “The SEC is not...