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Former FTX Executives and Promoters To Pay $1.35 Million in Lawsuit Settlement Deal
29.3.2024
Former executives and promoters of crypto exchange FTX have agreed to settle a class action following founder Sam Bankman-Fried's sentencing Thursday, court documents filed yesterday show. Former head of engineering for FTX, Nishad Singh, Alameda Research CEO, Caroline Ellison, chief technological...
Sam Bankman-Fried Submits Last Minute Letters Of Support In Hopes Of Sentence Leniency, Court Filings Show
27.3.2024
Sam Bankman-Fried’s (SBF) legal team has submitted several last-minute letters of support on behalf of the FTX founder before his sentencing on Thursday, court documents filed Wednesday reveal. He is facing a total of over 100 years in federal prison.
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FTX Asks For “Sam Coins” To Be Declared Worthless, New Court Docs Reveal
27.3.2024
FTX is looking to declare FTX creditors’ “Sam Coins” effectively worthless, new court documents from a Tuesday hearing in Delaware reveal. The move marks the latest update in the crypto exchange's lengthy bankruptcy process following FTX's collapse in November 2022.
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New Court Documents Reveal Sam Bankman-Fried’s Strategies to Repair Public Image
18.3.2024
Newly revealed court documents shed light on Sam Bankman-Fried's strategies aimed at repairing his public image following the collapse of FTX in 2022.
The post New Court Documents Reveal Sam Bankman-Fried’s Strategies to Repair Public Image appeared first on Cryptonews
European Commission Grills Big Tech on AI Risks to Elections: Deepfakes, Misinformation in Focus
15.3.2024
On March 14, the European Commission formally enquired into strategies adopted by big tech companies to mitigate generative Artificial Intelligence (AI) risks capable of misleading voters. The commission has given the companies an April 3 deadline to provide documents and information.
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Binance’s Former CEO Changpeng Zhao Ordered to Surrender Passport in Updated Bail Terms
13.3.2024
Ex-Binance CEO Changpeng Zhao was instructed to give up his Canadian passport as part of a revised bail agreement, court documents filed Monday showed.
The post Binance’s Former CEO Changpeng Zhao Ordered to Surrender Passport in Updated Bail Terms appeared first on Cryptonews
India Hosts Nearly 8 Million Verifiable Government Documents on Blockchains
6.3.2024
India's National Informatics Centre (NIC), a government agency operating under the Ministry of Electronics and IT (MeitY), has hosted almost eight million government-issued verifiable documents on five blockchains.
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EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study
4.3.2024
The US Energy Information Administration (EIA) has agreed to discard any data it already collected in response to its emergency Bitcoin mining survey, court documents filed Friday showed.
The post EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study appeared first on Cryptonews
Australian Federal Police Officer Denies Stealing Bitcoin During an Investigation
19.2.2024
An Australian cybercrime police officer has been accused of stealing 81.616 Bitcoin during a steroid trafficking investigation in Melbourne. Per court documents, the policeman – William Wheatley – allegedly pocketed a Trezor hardware wallet containing the Bitcoins, then worth about $450,000....
Craig Wright Denies Forging Documents in High-Profile Bitcoin Lawsuit
10.2.2024
In the ongoing court battle over the identity of Bitcoin’s creator, Craig Wright continues to face accusations that he forged documents to support his claim of being Satoshi Nakamoto. However, Wright maintains the documents were faked by others to frame him. Wright vs. COPA: ‘Industrial...
COPA Trial: Craig Wright Claims Documents Were Forged, Lawyers Cross-Examine
7.2.2024
The ongoing legal issues between Bitcoin Satoshi Vision (BSV) founder Craig Wright and Bitcoin developers have turned even more sour. According to a February 4 court filing by the Crypto Open Patent Alliance (COPA) legal team, several documents Wright submitted as evidence of his ownership of...
Ripple Requests One Week Extension for Documents in SEC Suit
7.2.2024
Ripple has filed a motion requesting an extension of one week to gather and submit documents in its ongoing courtroom battle against the SEC. The documents under examination largely comprise financial statements covering the period from 2022-2023. In addition, the SEC seeks “post-complaint...
Shareholder Sues Crypto Mining Firm Over Unrealistic Pre-IPO Claims
6.2.2024
A shareholder sued crypto mining firm Stronghold’s senior officials, claiming that they made impractical pre-IPO pledges. Glenn Bruno’s Friday complaint targets Stronghold’s officers and directors for alleged legal violations between July 2021 to March 2022. The violations include breaches...
Hong Kong Initiates Probe into Worldcoin Over Privacy Fears
31.1.2024
OpenAI CEO Sam Altman’s Worldcoin project continues to raise privacy concerns — and is now under probe in Hong Kong. Local media outlet HKET reported that Hong Kong’s data protection authority investigated six Worldcoin booths, using a court warrant on Wednesday. They also requested the operators...
Binance and SEC Clash Over Evidence Production and Witness Depositions in Ongoing Legal Battle
27.1.2024
The legal battle between Binance and the United States Securities and Exchange Commission (SEC) continues to intensify as court documents shed light on the clash over evidence production and witness depositions in the SEC’s case against the leading cryptocurrency exchange. According to...
Trickbot Ransomware Developer Behind $833M Crypto Theft Gets Prison Term
26.1.2024
Source: Pixabay/Pete Linforth A 40-year-old Russian developer of Trickbot ransomware has been sentenced to a five-year prison term, according to the US Department of Justice (DoJ). In a press release dated January 25, the DoJ identified the individual as Vladimir Dunaev from Amur Oblast, Russia....
South Korean ‘Bogus Crypto Exchange’ Fraudster Jailed
22.1.2024
Source: MemoryMan/Adobe A South Korean court has sent an individual who provided a bogus crypto exchange with illegal bank documents to prison for four years. Per Busan Ilbo, Judge Kim Jae-yoon of Changwon District Court sentenced an unnamed individual “in their 30s” following a fraud conviction....
VanEck, Bitwise Surge Ahead in Bitcoin ETF Race with $200 Million Commitment
9.1.2024
Source: Pixabay VanEck has committed $72.5 million in seed capital for its ETF. Bitwise has allocated $500,000. These figures come from S-1 documents filed with the U.S. Securities and Exchange Commission (SEC). Per the filings, Bitwise is offering a $200 million investment opportunity, with...
HyperVerse Promoter “Bitcoin Rodney” Arrested in US: Report
8.1.2024
HyperVerse crypto promoter Rodney Burton, better known as “Rodney Bitcoin,” has been arrested for his role in an elaborate crypt investing scheme, court documents reveal. A $58 million debt Court documents filed on January 4th show Burton has been charged with operating and conspiring to operate...
Former DCG Advisor Larry Summers Named Among Academics Linked to Epstein List
8.1.2024
Image Source: Harvard Magazine Larry Summers, a former Digital Currency Group (DCG) advisor, has been named as one of several academics in connection with the infamous American financier Jeffrey Epstein. The link has come to light as part of a recent disclosure of court documents, infamously known...