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Sam Bankman-Fried's legal team moves to pursue theory on FTX terms of service
13.10.2023
Lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of service, as well as preclude testimony from “lay fact witnesses”
Landmark Ruling: Chinese Court Rejects Crypto Lending Again
13.10.2023
Crypto lending activity still falls outside the purview of China’s legal system, ruled a Chinese court in the second ruling of the nation’s kind on Tuesday.
Per a press release from the Nanchang People’s Court, lending out virtual currency and requesting a return “is not within the scope of civil...
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam
13.10.2023
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.)...
What happens if SEC doesn’t appeal Grayscale spot Bitcoin ETF ruling?
13.10.2023
The SEC must appeal Grayscale’s win in a D.C. Appeals Court on Oct. 13, or it will have to approve — or try to delay — the firm’s Bitcoin ETF bid
Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse
13.10.2023
Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022
US Grocery Chain Trader Joe’s Sues Decentralized Exchange Trader Joe for Trademark Infringement
13.10.2023
Grocery chain Trader Joe’s filed a lawsuit this month against the decentralized exchange (dex) platform Trader Joe for trademark infringement. The suit, filed in federal court in Los Angeles, alleges that Trader Joe illegally copied the Trader Joe’s brand name and seeks to bar the exchange from...
Changpeng Zhao's tweet 'contributed' to collapse of FTX, claims Caroline Ellison
12.10.2023
The former Alameda Research CEO placed part of the blame for FTX's failure on CZ, while the Binance CEO claimed Ellison's offer to buy the firm's FTT holdings was the cause
It ‘Felt Good’ to Come Clean — Caroline Ellison Reveals Intricacies of FTX Operations in Court Testimony
12.10.2023
In a recent courtroom showdown, Caroline Ellison, the former CEO of Alameda Research, provided key insights into the operations of FTX and its alleged improprieties. Her revelations, documented by Inner City Press correspondent Matthew Russell Lee, could play a critical role in the ongoing fraud...
Court Approves Genesis and FTX $175 Million Settlement Deal Despite Outrage from Creditors
12.10.2023
A United States court has approved the settlement terms of bankrupt digital asset lender, Genesis and FTX's sister company, Alameda Research.
A Court filing on Oct 11 shows judicial accent cloaked the agreement which was entered by both companies in the course of the bankruptcy...
Sam Bankman-Fried blamed Binance for balance sheet leak to media: court evidence
12.10.2023
An internal document was revealed in court that showed Sam Bankman-Fried believed Binance to have leaked Alameda’s balance sheet to the media in 2022
Crypto lending invalidated by Chinese court in second landmark ruling
12.10.2023
Plaintiff Mr. Ming will have no judicial relief to recoup his 80,000 Tether loan after its borrower defaulted
Court approves Genesis settlement of $175M to FTX, expunges billions in claims
12.10.2023
Genesis previously reportedly said that the $175 million settlement was “fair and equitable,” while FTX creditors wanted to contest it
Caroline Ellison testimony: SBF bribed Chinese officials for $150M to unfreeze funds
12.10.2023
Caroline Ellison, the star witness in the Sam Bankman-Fried criminal trial, testified that SBF tried to use identities linked to Thai sex workers to unfreeze funds before bribing Chinese officials for millions
BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent
12.10.2023
The world’s largest asset manager wants to take control of a raft of domain names that have been registered to imitate it
Sam Bankman-Fried considered selling FTX equity to Saudi crown prince, says Caroline Ellison
11.10.2023
Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried's criminal trial, delving into potential investments prior to FTX's bankruptcy
Caroline Ellison provided 7 ‘alternative’ balance sheets hiding Alameda’s exposure to FTX
11.10.2023
The former CEO testified that she had provided SBF seven options for spreadsheets with misleading information on Alameda’s financials to present to Genesis lenders
US Supermarket Trader Joe’s Takes Legal Action Against Crypto Project Over Name Resemblance
11.10.2023
Popular US supermarket chain Trader Joe’s has sued decentralized exchange (DEX) Trader Joe for federal trademark infringement.
According to the filing, the DEX’s branding is designed to allow it to profit from the supermarket’s reputation by “causing confusion as to the source, sponsorship...
SBF’s lawyers ask court to allow introduction of Anthropic evidence
11.10.2023
Sam Bankman-Fried’s lawyers addressed Judge Kaplan in a letter to allow the defense to use evidence of its venture investment into Anthropic back from April 2022
Sam Bankman-Fried aspired to become US President, says Caroline Ellison
10.10.2023
The former CEO of crypto exchange FTX also reportedly explored paying off Donald Trump from running for U.S. President again
Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial
10.10.2023
Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022