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Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value
18.5.2024
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges...
Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value
18.5.2024
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges...
Dolce & Gabbana face class action lawsuit after NFT delivery kerfuffle
17.5.2024
The suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value
Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg
17.5.2024
A lawsuit filed on Thursday alleges Dolce & Gabbana USA messed up their delivery resulting in NFTs bought by a customer for $6,000 losing 97% of their value, Bloomberg reports
Dolce & Gabbana Hit With Lawsuit Over Alleged 97% Loss on Metaverse Outfit NFTs
17.5.2024
A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company's bungled delivery.
The post Dolce & Gabbana Hit With Lawsuit Over Alleged 97% Loss on Metaverse Outfit NFTs appeared first on Cryptonews
Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit
16.5.2024
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27 million in damages for alleged breach of contract...
Ripple Seeks Court Approval to Seal Sensitive Documents in SEC Lawsuit
16.5.2024
Ripple Labs has filed a motion to seal remedy documents in its ongoing litigation with the U.S. Securities and Exchange Commission (SEC). Ripple argues that these documents contain sensitive information, including proprietary business strategies, financial data, and internal communications. Public...
What the DOJ’s First MEV Lawsuit Means for Ethereum
15.5.2024
In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in the Ethereum community to get their views on the case
Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit
13.5.2024
Bitfarms has ousted its CEO Geoffrey Morphy after he filed a $27 million lawsuit against the Bitcoin miner, the Toronto-based firm announced Monday. News of Morphy's ousting comes amidst decreased Bitcoin production values for public crypto mining companies following last month's halving event.
The...
Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit
13.5.2024
Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm
Kraken Warns SEC’s Claims Could Reorder US Financial Structure
10.5.2024
The crypto exchange Kraken urged the US court to dismiss the SEC claims against it to avoid a "significant reordering" of the US financial regulatory structure.
The post Kraken Warns SEC’s Claims Could Reorder US Financial Structure appeared first on Cryptonews
Judge Denies Cristiano Ronaldo’s Motion To Dismiss NFT Lawsuit
8.5.2024
Christiano Ronaldo could not score a dismissal of a $1 billion lawsuit against him concerning his "deceptive and unlawful" NFT promotion for Binance.
The post Judge Denies Cristiano Ronaldo’s Motion To Dismiss NFT Lawsuit appeared first on Cryptonews
The Crypto Lawsuit State of Play
8.5.2024
Last month, Ethereum incubator ConsenSys sued the U.S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. It's the latest company to follow a growing trend...
SEC files final response in Ripple XRP case
8.5.2024
The SEC argues that Ripple’s assertions do not negate the need for injunctions to prevent future violations
Coinbase’s Legal Woes Deepen As Customers File Lawsuit Over Alleged Deception
6.5.2024
Coinbase faces a new legal battle as customers filed a class-action lawsuit on Friday. The suit accuses two of the exchange's subsidiaries of repeatedly breaking securities laws since Coinbase began operating.
The post Coinbase’s Legal Woes Deepen As Customers File Lawsuit Over Alleged...
Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
5.5.2024
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as...
Coinbase faces new lawsuit over alleged investor deception
5.5.2024
The plaintiffs claim Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are securities
Ripple Strikes back; Reply brief rocks SEC lawsuit
3.5.2024
In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple has responded forcefully to the SEC’s allegations with a comprehensive reply brief, marking a significant development in the high-profile case. Ripple’s legal team filed...
Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet Cases
30.4.2024
The recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission...
Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation
29.4.2024
Since the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court filing. A key point raised by the prosecutors is their...