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Changpeng Zhao may not leave the US pending court review, says judge
27.11.2023
Pending a review of a motion filed by the U.S. government, the former Binance CEO will not be allowed to return to his home in the United Arab Emirates as he awaits sentencing
The Game Awards Is Beefing Up Security Following Stage Invasions
27.11.2023
Award ceremonies aren’t important, and if we all stopped looking at them, they’d stop existing. Anyway, The Game Awards are coming up next week, December 7, and we’re hearing news about some planned changes for this year’s outing. Will they let women on stage? Ha ha, no one’s mentioned that. But...
Former Binance CEO CZ Seeks to Dismiss Government’s Motion Blocking His Return to UAE Before Sentencing
26.11.2023
Former Binance CEO Changpeng Zhao (CZ) is seeking to dismiss the U.S. government’s motion to prevent him from going home to the United Arab Emirates (UAE) before sentencing. Despite the judge determining that the ex-Binance boss poses no flight risk after he voluntarily appeared in court to plead...
CZ challenges US gov't attempt to restrict travel before sentencing date
25.11.2023
Former Binance CEO Changpeng "CZ" Zhao has contested the U.S. Department of Justice's assertions that he is a flight risk and may not return before his sentencing next year
US Prosecutors Move to Block Former Binance CEO CZ’s Return to UAE Until Sentencing
23.11.2023
Source: Youtube/Entrepreneur ME Prosecutors are pressing a federal judge to prevent former Binance CEO Changpeng Zhao from leaving the United States before his scheduled sentencing hearing on February 23, 2024. This move comes after the $4.3 billion settlement reached by Binance with the U.S....
SBF Granted Post-Trial Extension in New Signed Order
20.11.2023
Source: Adobe / Ascannio Judge Lewis A. Kaplan has granted an extension for the legal team of disgraced FTX founder, Sam Bankman-Fried, to submit their post-trial motions on December 1st, 2023. The defense’s chance to redeem SBF Originally due November 20th, 2023, the defense’s post-trial motions...
Do Kwon’s Appeal in Document Forgery Case Rejected by Montenegro High Court
16.11.2023
Disgraced Terraform Labs founder Do Kwon’s appeal in his document forgery case has been rejected by a High Court in Montenegro. Judge finds Kwon’s appeal based on “unfounded” claims According to a statement by the High Court of Podgorica, claims made in the appeal by Do Kwon and his co-conspirator...
Celsius Moves $10 Million in Ethereum to Exchange Following Bankruptcy Plan Approval
15.11.2023
Celsius transfers millions in Ethereum to an exchange as part of a strategic shift post-bankruptcy. Image by Rafael Henrique, Adobe Stock Crypto lending company Celsius has transferred over $10 million worth of Ethereum to an exchange on Wednesday, just 6 days after a judge approved...
Court Rejects Class Certification Request Against Robinhood in GameStop Meme Case
15.11.2023
Source: Pixabay A US District Court for the Southern District of Florida has ceremoniously rejected the requests for class certification by investors who have taken legal action against the Robinhood platform. Making her decision known in a court document on November 13, Chief Judge Cecilia...
Mediation to begin in FTX, BlockFi Case, Judge Rules
14.11.2023
In a court filing on November 13th, U.S. bankruptcy judge Michael Kaplan ended an automatic stay on proceedings between bankrupt crypto companies FTX and BlockFi, paving the way for mediation in their claims settlement. BlockFi’s forced bankruptcy FTX founder, Sam Bankman-Fried, was found...
FTX, BlockFi claims settlement allowed to proceed, judge declares
14.11.2023
A U.S. bankruptcy court judge has ordered the end of an automatic holding placed on claims settlement proceedings between the two bankrupt crypto companies FTX and BlockFi
FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules
14.11.2023
BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two
Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE
11.11.2023
Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including...
Court Halts SafeMoon’s CEO Bail After Prosecutors Allege a “Danger to the Community”
10.11.2023
Source: Adobe United States federal prosecutors have halted the bail of SafeMoon’s CEO Braden John Karony after they challenged the previous order citing a danger to the community and a potential flight risk. Court filings show New York District Judge LaShann DeArcy Hall has paused Karony’s bail...
Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner
10.11.2023
The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers. Judge Martin Glenn confirmed the company’s plan to compensate its creditors using a mix of digital...
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
8.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa...
Fraud trial of Mango Markets exploiter behind alleged $116M theft pushed to April
4.11.2023
Attorneys representing the alleged fraudster, Avraham Eisenberg, convinced the judge that more time was needed to sift through discovery materials submitted by U.S. prosecutors
SEC Seeks Summary Judgment in Do Kwon and Terraform Labs Case, Citing Lack of Material Dispute for Trial
3.11.2023
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge for a summary judgment in its case against Do Kwon and Terraform Labs. The SEC has argued in its filing that there is “no genuine dispute as to any material fact” in their case against Do Kwon and Terraform...
Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner
1.11.2023
America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock in a new publicly traded mining entity. New York...
As Sam Bankman-Fried Fraud Trial Nears Close, a Terse Judge Sets Jury Instructions
31.10.2023
Bankman-Fried completed his testimony Tuesday, concluding the presentation of evidence from both sides in the Justice Department's case against the FTX founder