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Today in Crypto: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio May Sue S.Korean Regulator, EY is Developing AI-Powered Platform
14.9.2023
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: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio...
SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation
14.9.2023
The company behind Stoner Cats non-fungible tokens (NFTs) has to pay a $1 million fine and destroy all its NFTs per a settlement with the US Securities and Exchange Commission (SEC).
According to the Wednesday press release, the SEC charged Stoner Cats 2 LLC (SC2) with conducting an unregistered...
NFT-Based Firm Remilia Corporation Sues Independent Contractors Accused of Siphoning $1 Million
14.9.2023
Remilia Corporation, a digital art and non-fungible token (NFT)-related business, has filed a lawsuit against three independent contractors whom it accuses of siphoning $1 million from the company. Founder Krishna Okhandiar denied claims the three had at any point “sought equity shares...
SEC Chair Gensler: Crypto Industry Plagued by Misconduct and Legal Challenges
14.9.2023
Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), has once again expressed concerns about the prevalence of compliance issues and misconduct in the crypto space.
During a recent conference hosted by Better Markets, Gensler acknowledged that while not all tokens can...
Coinbase CEO champions DeFi, calls for court action to set legal precedent
14.9.2023
Coinbase CEO Brian Armstrong cautioned the United States Commodities and Futures Trading Commission (CFTC) to avoid taking enforcement actions against (DeFi) protocols
All I Had Was a ‘Simple Calculator’ — Former Mt Gox CEO Draws Parallels With Bankman-Fried’s Journey
14.9.2023
Sam Bankman-Fried, the former CEO of FTX, has been denied temporary release from prison after his legal team complained about his ability to prep for trial and his laptop’s alleged lack of internet access. On Tuesday, the former CEO of Mt Gox, Mark Karpeles, shared his experience after he...
Crypto Content Creator 'Bitboy' Ben Armstrong Sues Former Colleagues at Hit Network
13.9.2023
Cryptocurrency influencer Ben Armstrong has filed a lawsuit against two Hit Network employees for ousting him from the company he founded.
The founder of BitBoy Crypto filed the lawsuit in Georgia, USA, naming Hit Network CEO Timothy 'TJ' Shedd Jr., his father Timothy Shedd Sr., and TJSJ Holdings...
Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit
13.9.2023
Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot...
NYU law professors argue ‘personal growth bets’ using smart contracts should be legal
12.9.2023
The duo’s paper says self-contracts can help you quit smoking or lose weight, but incentives such as putting a bomb in your skull would surely test the limits of the law
Today in Crypto: Elderly Women Accuse US Man's 'Bitcoin Exchange' of Scam, DigiFT Launches 'First Regulatory-Compliant Ethereum Staking Token', Qredo Wallet Integrates USDC
12.9.2023
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: Elderly Women Accuse US Man's 'Bitcoin Exchange' of Scam, DigiFT Launches 'First Regulatory-Compliant...
FTX Estate Takes Legal Action Against LayerZero Labs to Recover $86 Million
11.9.2023
FTX’s bankruptcy estate has taken legal action against LayerZero Labs, the development firm behind a cross-chain swap protocol, in a bid to reverse a series of financial transactions conducted by FTX’s former management shortly before the exchange filed for bankruptcy.
The lawsuit centers around...
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...
Sam Bankman-Fried's Legal Team Seeks Pre-Trial Release Due to Poor Prison Internet
11.9.2023
Sam Bankman-Fried's legal team has once again requested a pre-trial release for their client due to poor internet access in the federal jail.
In a filing submitted to a federal judge on Friday, Bankman-Fried's lawyers argued that their client does not have access to adequate internet access...
Crypto Tycoon Bankman-Fried Seeks Release From Jail Over Trial Prep and Laptop Complaints
10.9.2023
Attorneys for fallen cryptocurrency tycoon Sam Bankman-Fried are requesting his temporary release from a Brooklyn jail, arguing that limited access to trial evidence and computers is impeding his ability to prepare his defense. Sam Bankman-Fried’s Lawyers Urge Temporary Release Amid Trial...
Man Plans to Sue City Over Refusal to Dig for 7,500 Lost Bitcoin in Landfill
10.9.2023
James Howells, a bitcoin enthusiast who misplaced 7,500 bitcoin (BTC) in a South Wales landfill, is gearing up to take legal action against the local city council for barring his efforts to unearth the missing hard drive from 2013. This former IT professional, now 38, has been at odds with Newport...
Turkish Crypto Exchange Boss Gets 11,196 Years in Prison
10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...
Harry Potter Stars Clash with Ripple Executive Over London Home Renovation Plans – What's Going On?
9.9.2023
A Ripple executive is facing opposition from three renowned Harry Potter film stars over London home renovation plans.
The dispute involves Sendi Young, Ripple's managing director for the UK and Europe, and her plans to renovate her 1960s one-story home in the picturesque London neighborhood...
US Court Orders Collapsed BTC Investment Firm to Pay Over $1.7 Billion in Restitution for Forex Fraud
9.9.2023
A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target...
SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’
9.9.2023
The SEC highlighted contradictory conclusions from similar cases, along with other pending decisions as some of the contentious legal issues
SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling
8.9.2023
Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday