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US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders
23.8.2023
A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme. SIM Swap Fraud Scheme A United States district...
SEC Seeks to Appeal Ripple-XRP Ruling — Requests Stay of Proceedings
10.8.2023
The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. In addition, the securities regulator’s motion will “seek to stay the district court...
Ripple vs. SEC — Respite for a Beleaguered Industry
25.7.2023
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...
Decoding Ripple’s Ruling: A Potential Tsunami for the SEC
25.7.2023
In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that...
Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong’
15.7.2023
A legal expert has warned that the district court ruling on XRP “rests on very shaky ground.” Expecting an appeal, he cautioned that Ripple’s victory “may be a short-lived victory,” claiming that the judge “got the law wrong.” Lawyer on Ruling of...
Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns
28.6.2023
In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division has expressed its intention to take decisive action against the crypto custodian Prime Trust. The regulatory body seeks to not only shut down Prime Trust but also swiftly seize...
Double trouble: FTX founder Sam Bankman-Fried faces two criminal trials
16.6.2023
A District Judge ordered a separate trial for the DOJ's charges against Sam Bankman-Fried which were added following his extradition to the U.S
Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits
8.6.2023
One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the U.S. in recent times
SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry
8.6.2023
The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared...
US District Court issues summons for Binance CEO Changpeng Zhao over SEC action
7.6.2023
According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta
SEC sues Binance in US District Court for unregistered securities operations
5.6.2023
According to the regulator, Binance failed to register as a securities exchange and operated illegally in the United States
Former CFO indicted for diverting $35M to cryptocurrency venture
18.5.2023
In the event of a conviction for wire fraud, Nevin Shetty could face up to 20 years in prison
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...
Crypto influencer named in FTX lawsuit served via tweet
3.5.2023
A law firm backing an FTX investor suit tagged a crypto influencer in a tweet to serve its lawsuit
OpenSea 'insider trading' trial kicked off in New York district court
25.4.2023
The court case might have a decisive influence on the legal classification of NFTs
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
24.4.2023
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent...
NFT app Rebase co-founder accused of going ‘rogue’ in suit by partner
19.4.2023
An apparent business partner of Rebase's co-founder claims he was pushed out of the firm and funds he owned were moved from a joint crypto wallet
Voyager's $1B sale to Binance.US put on hold by US court
28.3.2023
A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal
Class action lawyers claim YouTuber ‘BitBoy Crypto’ threatened them
22.3.2023
Lawyers in a class action lawsuit alleged in a court filing that Ben Armstrong "began harassing" them after he was named as a defendant
NFT-delivered court orders an answer to blockchain-related litigation: Lawyers
24.1.2023
Despite whether the defendant sees the court notice, getting served by NFT ‘limits what the defendant’ can do with the funds according to legal experts