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Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’
20.11.2023
The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado where the suit was filed
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...
SEC Clashes With Do Kwon and Terraform Labs in Court, Alleging ‘Clear, Undisputed’ Fraud
6.11.2023
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both...
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....
US judge deals blow to artists in copyright suit over AI generated art
31.10.2023
A judge mostly sided with Midjourney, DeviantArt and Stability AI’s bid to dismiss the artists’ class action lawsuit that accused the firms of copyright infringement
Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
31.10.2023
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws
Binance Blasts CFTC for Trying to Be World’s Derivatives Police, Seeks to Dismiss Lawsuit
26.10.2023
Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach beyond the United States. Binance Accuses CFTC...
Binance and CZ renew calls to dismiss CFTC lawsuit
24.10.2023
Lawyers representing the crypto exchange and its CEO claimed the CFTC was attempting to act as the "world’s derivatives police" in its lawsuit
US Chamber of Digital Commerce Backs Binance, Urges SEC to Drop Lawsuit
21.10.2023
In a significant move on Thursday, the U.S. Chamber of Digital Commerce, a leading crypto policymaking advocacy group, filed an amicus brief urging the U.S. Securities and Exchange Commission (SEC) to dismiss its lawsuit against cryptocurrency giant Binance. SEC’s Authority Questioned:...
SEC moves to dismiss lawsuit against Ripple's Brad Garlinghouse and Chris Larsen
19.10.2023
The civil lawsuit against the Ripple executives had been ongoing since December 2020
SEC asks judge to reject Coinbase’s motion to dismiss lawsuit
4.10.2023
The regulator has asked a federal judge to deny Coinbase’s motion to dismiss its lawsuit, claiming the exchange knew the cryptocurrencies it sold were securities under the Howey test
Portofino Founders File Motion to Dismiss Lawsuit by Citadel Securities, Claim it was Meant to "Intimidate Other Employees"
25.9.2023
Portofino Technologies, a Swiss-based start-up founded by Alex Casimo and Leonard Lancia, has filed a motion to dismiss a lawsuit brought against them by Citadel Securities.
The motion asserts that Citadel's legal action is an attempt to intimidate other employees and interfere with Portofino's...
Binance Seeks Dismissal of SEC Lawsuit — Claims SEC ‘Distorts’ Securities Laws to Gain Power Over Crypto Industry
23.9.2023
Crypto exchange Binance and its CEO Changpeng Zhao (CZ) have filed a motion to dismiss the lawsuit against them by the U.S. Securities and Exchange Commission (SEC). “It is clear that the SEC’s lawsuit has no foundation in the currently enacted securities laws,” they argued...
Silicon Valley Law Firm Fenwick & West Files to Dismiss FTX Class Action Lawsuit
22.9.2023
Fenwick & West, a renowned Silicon Valley law firm, has denied allegations that it played a role in facilitating a fraud allegedly committed by bankrupt crypto exchange FTX.
The law firm has filed a motion to dismiss the lawsuit, claiming that its services provided to FTX were standard legal...
Binance and CEO Chanpgeng Zhao asks court to dismiss SEC suit
22.9.2023
Binance Holdings and its CEO Changpeng Zhao have filed a petition seeking to have the lawsuit made against them by the US Securities and Exchange Commission (SEC) dismissed
Binance, U.S. Affiliate, Changpeng 'CZ' Zhao File to Dismiss SEC Lawsuit
22.9.2023
Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn't "plausibly alleged" various securities-related violations
Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit
13.9.2023
Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot...
Bankrupt Celsius Founder Alex Mashinsky Asks Court to Dismiss US FTC Case
12.9.2023
Former Celsius CEO Alex Mashinsky, who has been embroiled in legal troubles since his company's bankruptcy and his subsequent arrest, is now seeking to have the Federal Trade Commission (FTC) drop its case against him.
In a recent court filing, Mashinsky's legal team has argued that the FTC's...
US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling
30.8.2023
US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday.
Reacting to the ruling on Grayscale lawsuit, Congressman Davidson wrote that Grayscale’s victory provides more evidence...
Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing
21.8.2023
Lawyers for cryptocurrency exchange Gemini have filed a motion seeking to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) over its Gemini Earn lending program. In the motion, Gemini argues the SEC has failed to plausibly allege that any securities laws were...