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South Korean High Court Sentences Crypto Scammer to 9 Years in Jail

14.11.2023
Source: kwanchaift/Adobe A branch of the South Korean High Court has jailed a convicted crypto scammer who operated a bogus token trading platform for nine and a half years. Per Seoul Kyungjae, the case was heard at the Busan High Court (Ulsan Tribunal) on November 12. The scammer, unnamed...

Indian Supreme Court Dismisses Plea Seeking Crypto Trading Regulations

13.11.2023
Source: Pexels The Indian Supreme Court on Friday declined to entertain a petition seeking to establish guidelines on crypto regulations. Cryptocurrencies, decentralized digital or virtual currencies operating independently of a central bank, have faced ongoing discussions regarding their...

JPMorgan: US Crypto Regulations Unlikely to Ease Despite SEC Legal Defeats

13.11.2023
Global investment bank JPMorgan has warned investors that U.S. crypto regulations are unlikely to ease, even though the Securities and Exchange Commission (SEC) has lost several recent court cases against crypto firms. “It is far from clear that the regulatory tightening of the crypto...

High Court Orders Liquidation of Hodlnaut Crypto Lending Platform – 17,000 Users Impacted

11.11.2023
Source: Hodlnaut The Singapore High Court has ordered cryptocurrency lending platform Hodlnaut to undergo liquidation, as stated in a court document dated November 10. The court has appointed Aaron Loh Cheng Lee and Ee Meng Yen Angela, both from corporate advisory firm EY, as the joint liquidators...

Indian Supreme court rejects crypto petition, highlights legislative nature

11.11.2023
Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature

Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

10.11.2023
The Mango Markets exploiter’s trial was first scheduled for December 2023; however, during one of the court hearings, the accused convinced the judge to delay the trials for a few months

Bankrupt Crypto Lender Genesis Seeks Court Help to Reduce Settlement Payout to 3AC

10.11.2023
Source: Pexels Digital Currency Group’s (DCG) subsidiary Genesis Global is seeking approval from the US court to revise its settlement agreement with the bankrupt Three Arrows Capital Ltd (3AC). According to a document filed on November 9 with the US bankruptcy court of the Southern District...

Crypto Lender Hodlnaut to Be Liquidated, Court Filing Shows

10.11.2023
Defunct cryptocurrency exchange Hodlnaut will be wound up, according to a note from the company’s former interim judicial managers, Aaron Lee and Angela Ee

Genesis seeks court's approval to reduce 3AC claim from $1B to $33M

10.11.2023
Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC

Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024

10.11.2023
Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year

Court Halts SafeMoon’s CEO Bail After Prosecutors Allege a “Danger to the Community”

10.11.2023
Source: Adobe United States federal prosecutors have halted the bail of SafeMoon’s CEO Braden John Karony after they challenged the previous order citing a danger to the community and a potential flight risk. Court filings show New York District Judge LaShann DeArcy Hall has paused Karony’s bail...

Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner

10.11.2023
The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers. Judge Martin Glenn confirmed the company’s plan to compensate its creditors using a mix of digital...

Head of South Korea’s Biggest Crypto Exchange ‘Not Guilty’ of Data Manipulation

10.11.2023
Source: vladim_ka/Adobe The head of Dunamu, operator of South Korea’s market-leading Upbit crypto exchange, has been found not guilty of manipulating platform data. Per Chosun Ilbo, the nation’s Supreme Court acquitted the Dunamu Chairman Song Chi-hyung, of fraud charges under the Aggravated...

Celsius Bankruptcy Saga Nears Closure as Court Approves Restructuring Plan

9.11.2023
In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a significant overhaul following the tumultuous financial...

Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

9.11.2023
The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company

Binance Arguments to Dismiss Lawsuit Lack Merit, SEC Argues In New Filing

9.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) has opposed Binance’s arguments to dismiss the lawsuit adding that the motion has no real basis under law. In a Nov 8 court filing, the securities regulator claims the defendants applied the law incorrectly in an attempt...

US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert

9.11.2023
The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts”...