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SEC Scores ‘Huge Victory’ in Binance-DOJ Settlements, Former SEC Official Says
25.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has detailed why the SEC is a huge winner in the Binance settlements with the U.S. Department of Justice (DOJ), the Treasury, and other federal authorities. He stressed that what Binance has agreed to could...
US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto Scams
23.11.2023
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to “pig butchering” crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of victims’ crypto deposits through numerous...
Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil
22.11.2023
In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss...
SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit
22.11.2023
The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsuits against Coinbase and Binance. Kraken’s...
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
8.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa...
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...
SEC Wants $770 Million From Ripple — Lawyer Says SEC Is ‘Pissed and Embarrassed’
29.10.2023
The U.S. Securities and Exchange Commission (SEC) reportedly wants Ripple to pay a $770 million penalty for violating securities laws. Crypto lawyer John Deaton explained that the securities regulator is “pissed and embarrassed” after it lost several legal battles against the crypto...
Prosecutors Probe Sam Bankman-Fried’s Memory in FTX Case Without Jury
27.10.2023
Federal prosecutors questioned Sam Bankman-Fried in an ongoing hearing on Wednesday about his message deletion practices and the alleged use of customer funds while he was CEO of now-bankrupt crypto exchange FTX. FTX Founder Faces Intensive Cross-Examination by Prosecutors in Ongoing Trial...
Former FTX Boss Sam Bankman-Fried to Testify on Thursday in High-Stakes Trial
25.10.2023
Ex-FTX chief Sam Bankman-Fried is slated to make his case directly to the jury in his ongoing trial, as shared by his defense lawyer, Mark Cohen. Bankman-Fried’s decision to testify comes on the heels of several witnesses who have spoken against him in recent weeks. Facing Accusations:...
From Effective Altruism to Terms of Service — Pivotal Points in Bankman-Fried’s Court Battle
23.10.2023
Lawyers for former FTX CEO Sam Bankman-Fried have given proposed jury instructions to the court in advance of jury deliberations and his verdict. These instructions clarify the defense’s legal positions and emphasize their client’s right to be presumed innocent until proven guilty....
SEC Drops Lawsuit Against Ripple Executives, All Charges Dismissed — Ripple Calls It ‘a Surrender by SEC’
20.10.2023
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple’s executives, CEO Brad Garlinghouse and co-founder Chris Larsen. “The SEC made a serious mistake going after Brad & Chris personally — and now, they’ve capitulated, dismissing...
SEC Suffers Another Setback Against Ripple — What Next?
14.10.2023
On October 3, U.S. District Judge Analisa Torres denied the Securities and Exchange Commission’s (SEC) interlocutory appeal of her July 13 decision. Judge Torres’ decision marked another public defeat for the SEC, and if you haven’t read about the case, check out our earlier...
Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage
4.10.2023
Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors...
Ripple Gains a Victory as Judge Torres Rejects SEC’s Interlocutory Appeal
4.10.2023
U.S. District Judge Analisa Torres rejected the Securities and Exchange Commission’s interlocutory appeal in the regulator’s lawsuit against Ripple, noting the SEC failed to explain why her prior decision was faulty. Torres set a trial date for April 2024 to address the remaining...
Bankman-Fried’s Legal Team Cries Foul Over Ukrainian Customer Testimony
3.10.2023
Attorneys for Sam Bankman-Fried have written a letter to the judge, requesting the court block a government witness, a Ukrainian customer who “lost a substantial portion” of his life savings due to the FTX collapse. Bankman-Fried’s lawyers believe the witness’s testimony...
Bankman-Fried Trial to Feature Customer, Investor, and Co-Conspirator Testimony
2.10.2023
In a letter to the judge published Saturday, prosecutors laid out plans to call customers, investors, and co-conspirators to testify in next week’s trial of Sam Bankman-Fried. The former CEO of cryptocurrency exchange FTX faces charges of fraud and conspiracy for allegedly misusing customer...
Sam Bankman-Fried Trial: A Colossal Legal Showdown Starts Next Week
30.9.2023
A calendar has been set for the upcoming trial of United States v. Bankman-Fried, with jury selection beginning October 3, 2023. The FTX founder, Sam Bankman-Fried, was denied temporary release from prison but will be allowed to use an “air-gapped,” internet-disabled laptop...
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...
US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance
28.9.2023
U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...
Bankman-Fried’s Lawyers Seek Another Attempt at Temporary Release
27.9.2023
Lawyers for Sam Bankman-Fried are making another attempt to have the disgraced FTX founder temporarily released from jail before his October trial, claiming he needs better access to prepare his defense properly. Lawyers Cite Bankman-Fried’s Indispensable Knowledge for Complex Trial...