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Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges
14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...
SEC examines Coinbase’s legal defense, InQubeta & Fetch.ai spark retail investor interest
9.7.2023
This article explores the upcoming scrutiny faced by Coinbase as the Securities and Exchange Commission (SEC) prepares to assess the legality of its defense on July 13. Amidst this development, two notable entities, InQubeta (QUBE) and Fetch.ai (FET), have witnessed a significant surge in interest...
SEC to present response to Coinbase’s legal defense on July 13
30.6.2023
The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date of Aug. 24
Binance.US Adds to Its Legal Defense in Wake of SEC Lawsuit: Bloomberg News
12.6.2023
Binance.US has bulked up its legal expertise and added four lawyers to fight recent charges from the US Securities and Exchange Commission.
One of those lawyers includes former co-director of the SEC’s enforcement division, George Canellos, according to Bloomberg News.
Canellos was also...
Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright
1.5.2023
Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, the “mission [of BLDF] is to safeguard innovation...
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
30.3.2023
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least...
Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report
29.3.2023
The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption
Sushi DAO to Set up Defense Legal Defense Fund; Project Receives Unspecified US SEC Subpoena
23.3.2023
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against...
Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself
21.3.2023
The DAO said it would not be commenting on “ongoing legal investigations,” but its existing $100,000 defense fund was apparently not enough
MakerDAO launches $5M legal defense fund
1.2.2023
At its inception, the defense fund will receive a budget of $5 million held in the DAI stablecoin
PoolTogether raises 471 ETH with NFTs to fund legal defense
1.6.2022
The platform has already raised more than half of its target and still has another 21 days to go before the NFT funding campaign ends
DeFi’s PoolTogether Crowdfunds Legal Defense With NFT Collection
26.5.2022
The DeFi company is using an NFT collection to crowdfund legal defense against a lawsuit brought by a former Elizabeth Warren staffer
Jack Dorsey Introduces Bitcoin Legal Defense Fund to Protect Open Source Developers
12.1.2022
A recent letter published to the Bitcoin developers mailing list written by Square founder Jack Dorsey indicates that a legal defense fund has been created for open source developers in order to protect them “from lawsuits regarding their activities in the Bitcoin ecosystem.”...
Jack Dorsey announces Bitcoin Legal Defense Fund
12.1.2022
The fund will help provide a legal defense for Bitcoin developers and will include a team of volunteers and part-time lawyers
Jack Dorsey & Co Launch Bitcoin Legal Defense Fund, Prepare to Wage Legal War with Craig Wright
12.1.2022
The Twitter founder, Bitcoin (BTC) bull and Block (formerly Square) chief Jack Dorsey has taken aim at those taking legal potshots at Bitcoin developers – including the likes of Craig “Faketoshi” Wright.
Dorsey, along with Alex Morcos of Chaincode Labs / the co-founder of Hudson River Trading...
Notorious ‘Tiger King’ Joe Exotic Launches ETH-Based Token to Help Legal Fund
30.5.2021
The infamous Joseph Maldonado, aka “Joe Exotic,” from the docuseries “Tiger King: Murder, Mayhem and Madness,” has launched his own Ethereum-based token. According to the website tiger-king.org, the project will also feature non-fungible tokens (NFTs) and the proceeds from...