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Families of Hamas-Attack Victims Sue Binance Over Alleged Role in Terror Financing
1.2.2024
Families of victims of the Oct 7 Hamas attack on Israel have filed a lawsuit against cryptocurrency exchange Binance over its alleged role in facilitating the transfer of funds utilized by terrorist groups. Court Filings Submitted Against Binance, Iran, and Syria A Jan 31 court filing shows...
Binance Sued by Families of Hamas Victims, Hostages
1.2.2024
The plaintiffs, who are also suing Iran and Syria, say the crypto exchange facilitated the financing of Hamas and other terrorist groups between 2017 and 2023
SEC Moves to Dismiss Lawsuit Against Crypto Company Debt Box, Citing Inaccuracies in Court
31.1.2024
The SEC has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision follows the SEC’s acknowledgment of presenting misleading information in court, a revelation that undermines the agency’s case...
Disney Loses Lawsuit Against Florida Gov. Ron DeSantis
31.1.2024
On January 31, a district court in Florida dismissed The Walt Disney Company’s lawsuit against state governor Ron DeSantis. The lawsuit was filed against DeStantis after he and the Florida government took control over a special district last year that contained Disney World.Read more
SEC to Withdraw Case Against Crypto Startup DEBT Box Following Admission of Inaccuracy
31.1.2024
The Securities and Exchange Commission (SEC) has moved to withdraw its lawsuit against crypto startup DEBT Box after admitting to making inaccurate statements in court. The agency filed a lawsuit against Digital Licensing Inc., operating as DEBT Box, in July last year. However, it has now informed...
Terraform Labs Says Bankruptcy Protection Would Allow it Appeal against SEC’s Securities Fraud Lawsuit
31.1.2024
Terraform Labs has said that its Chapter 11 bankruptcy protection filing would enable the pursuit of an appeal against the US Securities and Exchange Commission’s (SEC) securities fraud lawsuit. In a recent filing, Terraform Labs CEO Chris Amani emphasized the importance of bankruptcy...
PUBG Publisher Sued For Sexual Assault, Wrongful Termination
26.1.2024
PUBG publisher Krafton Inc. has been named in a wrongful termination and sexual assault lawsuit, which was filed in Los Angeles on December 7, 2023 by a 31-year-old unnamed former employee who alleges she was fired shortly after reporting the incident to upper management at the company.Read more
Football Star Cristiano Ronaldo Plays Football with Binance NFT Holders Amid Lawsuit
26.1.2024
Cristiano Ronaldo trained with holders of his non-fungible token (NFT) in a Binance event amid several investors seeking damages from the sports star in a United States lawsuit. On Jan 25, Ronaldo played football with selected NFT holders in a training drill in Lisbon alongside Binance ambassador...
Crypto Lender Abra Settles Lawsuit, Will Reopen Customer Withdrawals
24.1.2024
Crypto lender Abra has reached a tentative settlement with the Texas State Securities Board. According to a document published January 22nd, Abra has agreed to reimburse the assets invested by the state’s residents. The document highlights that Abra has begun winding down its U.S. retail...
Alameda Research Drops Lawsuit Against Grayscale Amid GBTC Outflows
22.1.2024
Alameda Research Ltd., the hedge fund associated with the bankrupt cryptocurrency exchange FTX, has voluntarily dropped its lawsuit against Grayscale Investments amid GBTC outflows. According to court filings from January 22, Alameda opted out of suing Grayscale, its CEO Michael Sonnenshein,...
FTX Affiliate Alameda Research Drops Grayscale Lawsuit
22.1.2024
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Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit
22.1.2024
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecured creditors.” Meanwhile, Terraform Labs...
Palworld Devs Aren’t Worried About A Nintendo Lawsuit
22.1.2024
We’re about done with the first month of the year, and 2024’s biggest game is already here in the form of Palworld. The colloquially named “Pokémon with guns” open-world survival crafting title is dominating both Steam and Twitch in spite of the controversy it’s courted, particularly around...
Denver Pastor Claims $300K Home Renovation Funded by Crypto Scam Was ‘God’s Plan’
21.1.2024
Denver pastor Eli Regalado, who is currently facing a lawsuit filed by Colorado’s securities commission for allegedly defrauding investors through the sale of the valueless INDXcoin cryptocurrency, has released a video responding to the allegations. In the video, Regalado admits that...
Binance Users Seek to Serve $1B Lawsuit to Ronaldo via Elon Musk’s X
18.1.2024
Binance customers are seeking approval from a Florida federal court to serve the world renowned soccer player Cristiano Ronaldo with the $1 billion proposed class action through the social media platform X, formerly Twitter. In a latest filing, plaintiff Michael Sizemore is requesting an order...
Arguments Conclude in Coinbase and SEC Case, Judge Holds on Decision
17.1.2024
Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC). “The SEC has violated due process” The federal agency originally filed the lawsuit against Coinbase in June 2023...
Coinbase Holds First Court Faceoff With SEC: Here’s What You Need To Know
17.1.2024
The Securities and Exchange Commission (SEC) is meeting Coinbase today in federal court, with both parties presenting their first oral arguments amid their industry-defining lawsuit. Back in June, the market regulator sued Coinbase for listing a handful of “crypto-asset securities”...
Sam Bankman-Fried’s Parents File for Dismissal in FTX Fraudulent Transfer Case
17.1.2024
The parents of Sam Bankman-Fried, the disgraced founder of FTX, are seeking to have the lawsuit filed against them dismissed. They are arguing that they had no involvement in any alleged fraudulent transfers or breaches of fiduciary duties. Lawyers representing Joseph Bankman and Barbara Fried...
Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
17.1.2024
Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred
Genesis Global Trading Pays $8M to Settle New York Lawsuit
12.1.2024
Genesis Global Trading has agreed to pay $8 million and give up its BitLicense to settle anti-money laundering and fraud charges against it, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Friday in a statement