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Crypto Exchange Gemini Requests Federal Judge to Dismiss SEC Lawsuit


The Winklevoss twins' crypto exchange Gemini has filed a response to the US Securities and Exchange Commission (SEC) lawsuit, seeking the dismissal of allegations over unregistered securities. The embattled crypto exchange wrote in a filing, documented in the U.S. District Court for the Southern...

FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy


FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation After Motion to Dismiss From Parent Company In...

Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case


A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC).  On Monday, US District Judge Jed Rakoff rejected Terraform Labs' arguments that the SEC lacked jurisdiction and that its TerraUSD stablecoin did...

Binance and CEO Changpeng Zhao Plan to Submit Motion to Dismiss CFTC Lawsuit


Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC). Per a court filing on Monday, Binance and...

Terraform Labs Appoints New CEO While Co-Founder Remains in Jail 


Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...

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