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Nalezeno "court": 2899

Investors drop class-action lawsuit against Terraform Labs and Do Kwon

2.10.2023
The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro

Book describes Sam Bankman-Fried with little attention span or respect for appointments

2.10.2023
The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute

South Korean Court Jails Septuagenarian Bitcoin Fraudster

2.10.2023
A South Korean court has handed a 70-year-old man a jail sentence after finding him guilty of Bitcoin (BTC)-powered fraud. Kyeonggi Ilbo reported that the unnamed man, identified only by the initial A, was given a one-year prison term for enabling “telecommunications-related financial...

FTX’s $3.4B crypto liquidation: What it means for crypto markets

29.9.2023
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability

Judge denies final pre-trial request from Sam Bankman-Fried for temporary release

28.9.2023
The federal judge overseeing Sam Bankman-Fried's fraud case reportedly suggested the former FTX CEO might be a flight risk, given his young age and potential prison time

Celsius valuation advisor approves value of debtors’ assets and liabilities

28.9.2023
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm's valuation report

US Lawmakers Urge SEC to ‘Immediately’ Approve Spot Bitcoin ETFs — Say There’s No Reason to Deny Applications

28.9.2023
Four U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to immediately approve spot bitcoin exchange-traded funds (ETFs). “Following the Court of Appeals’ decision, there is no reason to continue to deny such applications under inconsistent...

Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules

27.9.2023
A federal judge signed off on a defense request to allow FTX founder Sam Bankman-Fried to use an "air-gapped" laptop while in court during his trial next month

Sam Bankman-Fried will likely appear in a suit and tie at trial

27.9.2023
The former FTX CEO will have access to 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, and 2 pairs of shoes — no hoodies were requested

Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court

27.9.2023
While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues

Crypto lender BlockFi gets court nod to repay customers

27.9.2023
The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment

Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report

26.9.2023
The Shanghai Second Intermediate People's Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature. On Sept. 25, the court published a report “Legal Attributes and Judicial Disposal of Digital Currency”...

Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion

26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...

U.S. Shutdown, Assuming It Doesn’t Run Long, Will Slow, Not Cripple Crypto Efforts

25.9.2023
The crypto industry’s business in Washington is coming to a head just as a looming congressional budget impasse could shut down an array of federal services next week. But the digital assets sector can expect its most important matters won’t go entirely dark, experts suggest, even if they’re...

British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds

25.9.2023
A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the British press revealed. Fugitive Cryptoqueen May Face U.K....

Clock Ticks Slower for Justin Sun and Rainberry: Court Grants Extension Amid SEC Allegations

24.9.2023
In the lawsuit pitched by the U.S. Securities and Exchange Commission (SEC) against Tron’s brainchild, Justin Sun, and his enterprise Rainberry, a judicial nod has been granted for an extended timeline for the defense. Sun now has until December 8, 2023, giving his attorneys a broader window...

A Lehman Opportunity — Distressed-Debt Titans Eye Huge Returns in FTX Claims Market

23.9.2023
Prominent distressed-debt moguls are diving into the FTX bankruptcy claims arena, seizing debts at bargain prices with aspirations of lofty profits. This year, Silver Point Capital, Diameter Capital Partners, and Attestor Capital have acquired over $250 million in FTX claims, court records reveal....