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Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud
21.9.2023
A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than $1.5 million, according to the U.S. Justice...
Bitcoin price eyes $28K as Binance legal battle spurs bullish momentum
20.9.2023
Discover how margin and option metrics hint at Bitcoin's path to $28,000 amid the Binance legal battle
Bitcoin.org's Anon Operator Denied Anonymity in Legal Battle Against Craig Wright
20.9.2023
A London High Court Judge has upheld a ruling that the Bitcoin.org operators, including the pseudonymous Cøbra, must reveal their identities or face substantial legal fees in the legal action brought by self-proclaimed Bitcoin (BTC) inventor Craig Wright.
In April 2021, Wright served legal papers...
Crypto Influencer 'BitBoy' Claims He Received Death Threats, Begs Followers to Donate For His Legal Fund
20.9.2023
Crypto influencer Ben Armstrong, who was recently ousted from the company he created, claimed he has been receiving death threats from Hit Network.
As reported earlier, the founder of BitBoy Crypto filed a lawsuit in Georgia, USA, naming Hit Network CEO Timothy 'TJ' Shedd Jr., his father Timothy...
Lawyer Who Laundered Onecoin Money Denied New Trial
20.9.2023
A judge in the U.S. has rejected a request by a lawyer who laundered $400 million from the Onecoin crypto pyramid to have a new trial. The ruling clears the path for sentencing 54-year-old Mark Scott despite a key prosecution witness admittedly lying in court. Judge Not Convinced in Onecoin...
Report: Hodlnaut’s Judicial Managers Oppose OPNX Takeover
19.9.2023
According to a recent court filing, interim judicial managers for the troubled crypto lender Hodlnaut oppose a takeover by the crypto firm OPNX, which is linked to the now-defunct crypto hedge fund Three Arrows Capital and its founders. OPNX Takeover Faces Resistance from Hodlnaut’s Judicial...
SEC Denied Immediate Access to Binance US Infrastructure
19.9.2023
In a setback for the government, a federal judge rejected a request by the U.S. securities regulator to inspect the technological infrastructure of Binance US. The U.S. Securities and Exchange Commission (SEC) accuses the American subsidiary of the leading crypto exchange of non-cooperation with...
The ‘Family Business’ — FTX Founder’s Parents Accused of Siphoning Millions From Bankrupt Exchange
19.9.2023
The parents of disgraced FTX founder Sam Bankman-Fried are being accused of misappropriating millions in customer funds from the now-bankrupt cryptocurrency exchange. The attorneys for Joseph Bankman and Barbara Fried firmly assert that the allegations are “completely false.”...
Cøbra Can't Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again
19.9.2023
The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous
SEC’s Call for Full Disclosure: Court Asked to Order Inspection of Binance US
18.9.2023
The U.S. Securities and Exchange Commission (SEC) filed a reply to support its motion to compel Binance Holdings Limited to comply with expedited discovery related to customer assets. The reply comes after months of alleged delays and incomplete responses from Binance as it fights a lawsuit...
Fight for Lost BTC in Garbage Dump Continues for British Man, SBF Possibly Abused in Jail, and More — Bitcoin.com News Week in Review
17.9.2023
Former IT professional James Howells is still struggling to recover 7,500 lost bitcoins from a hard drive in a South Wales landfill, after years of failed negotiations with a local city council. Howells is now preparing to take legal action in order to sift through the waste to find his misplaced...
Jury Selection Controversy: Prosecutors Criticize ADHD, Effective Altruism Voir Dire Questions in Bankman-Fried Trial
16.9.2023
Sam Bankman-Fried’s legal team and federal prosecutors are clashing over what can be asked of potential jurors before his trial begins next month. The defense and prosecution submitted dueling proposed questions on Thursday, with each side accusing the other of trying to inappropriately sway...
Another 2 Binance US Executives Leave Crypto Exchange, Report
16.9.2023
Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business. Binance US Legal...
SEC to Unseal Documents in Legal Case Against Binance US – Here's the Latest
15.9.2023
In a major development, the United States Securities and Exchange Commission (SEC) is set to make public some confidential documents in its ongoing case against Binance US.
The release comes at the SEC's own request and with the consent of both parties involved in the case. This development adds...
Gemini legal team accuses DCG of 'gaslighting' Genesis creditors
15.9.2023
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group's plan claiming to offer unsecured creditors a "70–90% recovery"
New Report: Sam Bankman-Fried's Father Played a Key Role in FTX's Cryptocurrency and Legal Defense
15.9.2023
Sam Bankman-Fried's father, Joe Bankman, played a significant role in advising FTX, the cryptocurrency exchange that faced controversy leading to its downfall.
Joe Bankman, a law professor at Stanford University, had a more involved role in FTX operations than previously known, according...
Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
15.9.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
Bitcoin Fog Case Challenges Blockchain Analysis; Chainalysis Software Faces Scrutiny in US Court
15.9.2023
Since his arrest in April 2021, Roman Sterlingov, the alleged operator of the crypto mixing service Bitcoin Fog, has been defending his claimed innocence for more than two years. Recent court filings indicate Sterlingov’s legal team is challenging the Reactor software from Chainalysis, which...
Former FTX Legal Chief Forms New Law Firm Focused on Crypto Regulation
14.9.2023
Ryne Miller, the former general counsel of the now-defunct crypto exchange FTX, has established his own law firm.
Miller Strategic Partners will specialize in offering regulatory and strategic advice to digital asset and blockchain firms, as well as crisis response management and regulatory...
Binance.US Head of Legal and Chief Risk Officer Leaving the Crypto Exchange: WSJ
14.9.2023
The departure comes just days after the crypto exchange lost its CEO Brian Shroder