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BlockFi Challenges FTX, Three Arrows in Legal Dispute Over Repayments


Bankrupt crypto lender BlockFi is trying to block efforts from FTX and Three Arrows Capital (3AC) to recover billions of dollars transacted between the firms before they collapsed last year. In a Monday court filing, BlockFi accused FTX and Three Arrows Capital of victimizing the company...

Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing


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...

Cryptocurrency Startup Sues Crypto.com Exchange After Falling Victim to Scam


Cryptocurrency startup Glow Token LLC filed a lawsuit in a US court against the Crypto.com exchange over a recent fraud, alleging negligence and breach of contract.   The lawsuit was filed on August 10, assigned to Judge Jose Martinez of the Florida Southern District Court, and last updated...

‘Crypto Debt’ Drove South Korean College Student to Armed Robbery


A South Korean man has been handed a suspended jail term of almost three years after he was found guilty of armed robbery “to clear a crypto debt.” According to the South Korean media outlet WowTV, the unnamed criminal was 22 years old and had amassed debts of over $37,000 due to “failed...

Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable...

FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute


According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million. With motion hearing scheduled for September 9, FTX Trading and related debtors have formally requested...

Grand Theft Auto V AI NPC Mod Nuked From Internet


In case you thought Rockstar Games’ acquisition of Grand Theft Auto V creator group Cfx.re meant a brave new era for open modding in the hit open-world game, don’t worry, publisher Take-Two is still going after fan projects it doesn’t like. Case in point is its recent sacking of a mod called...

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