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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...
Terraform Labs and Do Kwon Challenge SEC, Seeking Dismissal of Multi-Billion Dollar Fraud Charges
31.10.2023
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Exchange Commission (SEC). Terraform Labs and...
Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC
31.10.2023
Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud. This move could prevent a lengthy trial if the judge rules in Terraform’s favor....
Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit
25.10.2023
Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws
Blockchain Publishing Company LBRY Announces Shutdown Following Court Judgment and Debts
21.10.2023
Facing a judgment from the federal government and encumbered with significant debts, LBRY Inc., the blockchain-based publishing company, has signaled its intent to terminate operations. This announcement, shared via a blog post hosted on Odysee, arrives in the aftermath of a contentious legal...
US SEC Obtains Default Judgment Against David Chin and Thor Technologies for Offering Unregistered Securities
20.10.2023
The United States Securities and Exchange Commission (SEC) has secured a default judgment against Thor Technologies and its Chief Executive David Chin.
In an Oct 19 statement on its website, the SEC disclosed the current status of the case after it notched the judgment against the defendants...
SEC wins default judgment against Thor Technologies and founder
20.10.2023
Thor Technologies has been instructed to pay a sum of $903,193.06, which encompasses a disgorgement of $744,555, and prejudgment interest amounting to $158,638.06
Like A Dragon Gaiden Won’t Include a Key Feature At Launch
16.10.2023
Like A Dragon Gaiden: The Man Who Erased His Name, the upcoming spinoff in Sega’s Yakuza series, is set to release on November 9. But unlike several recent games in the franchise, it will not launch with an English dub version. Instead, English audio will come to the game in a post-launch update....
Do Kwon’s Defense Declares SEC’s Deposition Request ‘Impossible’ Amid Ongoing Detention Saga
28.9.2023
The legal team defending Do Kwon, the co-founder and former CEO of Terraform Labs, argues that the U.S. Securities and Exchange Commission (SEC) lacks the capacity to depose Kwon, deeming it an “impossible” feat. Kwon’s legal counsel additionally maintains that the SEC’s bid for a preclusion order...
Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority
4.8.2023
In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights Back Against SEC’s Crypto Exchange Lawsuit In...
Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham
14.7.2023
The court’s decision should moderately de-risk the regulatory pressure on the crypto exchange’s stock, which is a significant overhang on the share price, the broker’s report said
XRP Ruling a ‘Landmark’ Judgment, Weakens SEC's Stance Against Crypto: Bernstein
14.7.2023
The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said
US Judge Rules XRP ‘Not Necessarily a Security on Its Face,’ Sending XRP Supporters Into Celebration
13.7.2023
According to a recent ruling handed down by U.S. judge Analisa Torres, the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs’ motions for summary judgment were granted...
CFTC issues $54M default judgment against trader in crypto fraud scheme
28.6.2023
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body
Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case
14.4.2023
Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also...
US court issues summons to Tron's Justin Sun, threatens default judgment if no response
13.4.2023
The summons was related to a civil lawsuit filed by the SEC against Justin Sun and others over allegedly offering and selling TRX tokens as unregistered crypto asset securities
Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future
5.4.2023
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed...
Bringing Authenticity And Humor To Like A Dragon's 'Western Renaissance'
24.3.2023
The Like a Dragon series (formerly known as the Yakuza series) is the most video game ever. This melodramatic crime drama series about a bunch of burly gangsters with the power to rip their suits clean off from their lapels has wacky plotlines where you hire a chicken as a real estate employee...
Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade
1.3.2023
Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding the Central Bank of Nigeria’s naira redesign...
Ooki DAO misses lawsuit response deadline, default judgment on the cards
12.1.2023
The commodities regulator has begun the process of getting a court ruling on the Ooki DAO case after the latter failed to respond to the lawsuit by the deadline