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Tornado Cash Users Appeal Court Ruling Backing Treasury Department’s Sanctions
15.11.2023
Source: Pixabay The plaintiffs in the case against the United States Treasury Department’s sanctions over the popular cryptocurrency mixer Tornado Cash are dissatisfied with the ruling of the court. A group of five Tornado cash users has filed an appeal against the judgment of the US District Court...
South Korean Woman Avoids Jail After Stealing Ex-husband’s $1.3m Crypto Stash
15.11.2023
Source: moon/Adobe A South Korean woman who stole her ex-husband’s $1.3 million crypto stash has been handed a suspended jail sentence. Per Yonhap News, an unnamed woman aged 32 stole the coins from her ex-partner’s crypto wallet after the end of their common-law marriage. The 14th Criminal...
India's Supreme Court Turns Away Petition Asking Government to Frame Crypto Guidelines
15.11.2023
India's Supreme Court has turned away a petition that sought to direct the government and relevant authorities to frame guidelines for regulating the trading and mining of cryptocurrencies
Tornado Cash users file appeal over judgment in favor of US Treasury
14.11.2023
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court
Joe Bankman’s Legal Troubles: Fallout from Son’s FTX Conviction
14.11.2023
Source: Pexels Though disgraced FTX boss Sam Bankman-Fried (SBF) has already lost in court, the crypto mogul’s law professor parents – Joe Bankman and Barbara Fried – may also face charges for abetting their son’s megalithic fraud. The former played a pivotal role in advising his son during...
Mediation to begin in FTX, BlockFi Case, Judge Rules
14.11.2023
In a court filing on November 13th, U.S. bankruptcy judge Michael Kaplan ended an automatic stay on proceedings between bankrupt crypto companies FTX and BlockFi, paving the way for mediation in their claims settlement. BlockFi’s forced bankruptcy FTX founder, Sam Bankman-Fried, was found...
Singapore High Court Mandates Hodlnaut Liquidation, Sets Stage for 17,000 Customer Reimbursements
14.11.2023
In a dramatic culmination to a turbulent period for Hodlnaut, the Singapore High Court has ordered the crypto lender’s liquidation, tasked with the daunting goal of reimbursing its 17,000 customers. The judicial decree follows Hodlnaut’s entanglement with the fallout of Terra’s...
FTX Foundation Member Denies Involvement In SBF Fraud, Insists on Unpaid Bonus
14.11.2023
Source: AdobeStock / Rafael Henrique Ross Rheingans-Yoo, an employee of FTX Foundation has filed a response to FTX’s claim regarding his unpaid salaries and bonuses totaling $275,000. In a Nov 13 court filing, the foundation staff argued that he was entitled to $650,000 but was only paid $375,000...
Court Issues Protective Order Governing Disclosure of Material in SEC-Binance Lawsuit
14.11.2023
Source: Pixabay US Court has approved a protective order that will govern the production, use, and disclosure of all information and materials produced by any party in the ongoing SEC’s lawsuit against Binance entities and CEO Changpeng Zhao. Earlier, the US SEC and Binance had jointly moved...
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...