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Shouldn't All These Crypto Lawyers Start Learning About Crypto?
10.5.2024
The industry should expect its legal experts to effectively articulate how these innovative technologies are driving changes in how we understand money, privacy and governance
Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...
SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’
23.4.2024
Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading...
SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box
23.4.2024
Two lawyers from the SEC, Michael Welsh and Joseph Watkins, resigned following a federal judge's sanction and severe criticism of the regulatory agency's handling of a crypto-related case.
The post SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box appeared first on Cryptonews
Two SEC Lawyers Resign Following Debt Box Sanctions Fiasco: Bloomberg
22.4.2024
Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the agency last month for committing a “gross abuse of power” while attempting to secure a temporary restraining order against Utah-based crypto company Debt Box, according to...
New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing
22.3.2024
A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN...
U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight
22.3.2024
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with "new and emerging issues," according to the regulator's annual budget pitch. Much of that office's recent, emerging workload has come from the agency's pursuit...
FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights Ongoing Suffering of Victims
21.3.2024
John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried's lawyers to reduce his sentence, emphasizing that the victims of the fraud "have suffered and continue to suffer."
The post FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights...
Sam Bankman-Fried’s 50-Year DOJ Sentence ‘Disturbing,’ Lawyers Say
20.3.2024
In a stunning and timely defense, the defense counsel of Sam Bankman-Fried, the founder of FTX, who the DOJ is prosecuting, angrily rejected the DOJ-drafted sentencing memo. The DOJ’s financial findings on Bankman-Fried have been labeled “worrying,” and the unfair portrayal...
SBF’s Legal Team Responds to Proposed 50-Year Sentence, Says It “Is Not Justice”
20.3.2024
Lawyers representing former FTX CEO Sam Bankman-Fried have criticized the government's proposal for a maximum sentence of 50 years in prison, saying it is "not justice."
The post SBF’s Legal Team Responds to Proposed 50-Year Sentence, Says It “Is Not Justice” appeared first...
DOJ's Proposed 50-Year Sentence for Sam Bankman-Fried 'Disturbing,' FTX Founder's Lawyers Say
20.3.2024
Sam Bankman-Fried's defense team pushed back against what it called the "disturbing" sentencing memorandum filed by the Department of Justice last week in a new letter, saying the DOJ was making the FTX founder out to be someone he was not
Sam Bankman Fried’s Legal Team Cites Autism Spectrum Disorder in Plea for Leniency
29.2.2024
Lawyers for disgraced former FTX CEO Sam Bankman-Fried (SBF) have argued that judges should consider their client’s autism traits when deciding his prison sentence. SBF faces a maximum of 110 years between seven counts of money laundering, wire fraud and securities fraud. However, his defense...
SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On?
29.2.2024
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
The post SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On? appeared first on Cryptonews
SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age
28.2.2024
Lawyers for FTX founder Sam Bankman-Fried have proposed a sentence of 63 to 78 months in prison for their client, citing his charitable work and young age.
The post SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age appeared first on Cryptonews
Craig Wright's Former Lawyers Say Emails Shared by Wife Are Fake as COPA Trial Heats Up
26.2.2024
The emails were disclosed by Wright's counsel after COPA's expert witness Patrick Madden spent a tense day on the stand
Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns
22.2.2024
Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked...
Sam Bankman-Fried Ditches Legal Team, Moves Forward with Ex Celsius CEO’s Lawyers
21.2.2024
Disgraced former FTX founder Sam Bankman-Fried appeared in a Manhattan federal court on Wednesday afternoon with a new legal team that also represents former Celsius CEO Alex Mashinsky.
The post Sam Bankman-Fried Ditches Legal Team, Moves Forward with Ex Celsius CEO’s Lawyers appeared...
Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing
21.2.2024
Sam Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations
Former Celsius CEO Mashinsky Waives Conflict of Interest, Proceeds with SBF Lawyers
21.2.2024
Former Celsius Network’s CEO Alex Mashinsky has waived his right to potential conflicts of interest that may arise from choosing similar legal representation as Sam Bankman-Fried.
The post Former Celsius CEO Mashinsky Waives Conflict of Interest, Proceeds with SBF Lawyers appeared first...
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...