Search
Breaking: Court Approves FTX’s Request to Liquidate Crypto Assets – Which Coins Will Be Impacted?
13.9.2023
In a major development today, FTX has received judicial approval to liquidate its cryptocurrency assets to repay its creditors.
The permission came from the U.S. Bankruptcy Court for the District of Delaware. This move enables FTX, which is undergoing bankruptcy proceedings, to not only sell...
Court approves sale of FTX digital assets
13.9.2023
Assets will be sold off weekly, with special handling for BTC, ETH and "insider-affiliated tokens."
Solana Price Prediction as SOL Dips Following Court Approves FTX’s Request to Liquidate Crypto Holdings
13.9.2023
Solana (SOL), the cryptocurrency that powers the layer-1 smart-contract-enabled Solana blockchain, has dipped around 2% in the last half an hour, and was last trading around $18.10, down close to 2.5% from earlier session highs in the $18.50s.
Weighing on SOL was the news that a court presiding...
Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit
13.9.2023
Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot...
Craig Wright's Financial Disclosure Form in $143M Court Case Was Incomplete
13.9.2023
A recent court order grants W&K Info Defense civil sanctions against Wright for incomplete financial disclosures, yet stops short of bringing criminal charges against the so-called inventor of Bitcoin
SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD
13.9.2023
U.S. prosecutors, meanwhile, want to ask prospective jurors their beliefs on how cryptocurrency should be regulated
Bankman-Fried's request for temporary release denied amid upcoming trial
12.9.2023
Lack of internet access and time pressures were insufficient grounds to grant Bankman-Fried's temporary release, according to Judge Kaplan
Tether and Bitfinex await the ruling after the Court denies leave
12.9.2023
Bitfinex has stated that the District Court has rejected their request for leave to amend the class action and that they anticipate receiving a favorable judgment soon. Tether is on the list as well, waiting for the final verdict. Laura Taylor Swain, the Chief Judge, has rejected Shawn...
Binance.US calls SEC’s court requests 'unreasonable' in new filing
12.9.2023
Binance said the SEC’s requests are “unduly burdensome” soon after the parties agreed on a joint motion to file confidential information under seal
Bankrupt Celsius Founder Alex Mashinsky Asks Court to Dismiss US FTC Case
12.9.2023
Former Celsius CEO Alex Mashinsky, who has been embroiled in legal troubles since his company's bankruptcy and his subsequent arrest, is now seeking to have the Federal Trade Commission (FTC) drop its case against him.
In a recent court filing, Mashinsky's legal team has argued that the FTC's...
Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer
11.9.2023
U.S. Rep. Tom Emmer told an audience at Permissionless II that things are looking up for crypto and it’s time to concentrate the narrative on innovation
FTX Estate Controls $1.1B in Solana and $560M in Bitcoin Amid Bankruptcy Revelations
11.9.2023
The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). 16% of Solana’s Market Cap Is Held by FTX In a recent Monday court filing, a stakeholder update...
New Court Filing: FTX Holds $1.1 Billion in SOL and $560 Million in BTC
11.9.2023
Now-defunct crypto exchange FTX holds approximately $7 billion in assets, including $1.16 billion worth of Solana (SOL) tokens and $560 million in Bitcoin (BTC).
In a Monday court filing, the company said it has managed to secure $1.5 billion in cash in addition to the $1.1 billion it held as...
FTX Holds $1.16B in SOL, $200M in Bahamas Real Estate, Court Filing Says
11.9.2023
The company says it paid billions to executives including founder Sam Bankman-Fried before filing for bankruptcy last year
Sam Bankman-Fried's lawyers request pre-trial release citing poor internet connection
11.9.2023
Former FTX CEO Sam Bankman-Fried's bail was revoked on Aug. 11 after he was found to be trying to contact witnesses in the case and malign witness credibility
Turkish Crypto Exchange Boss Gets 11,196 Years in Prison
10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...
US Court Orders Collapsed BTC Investment Firm to Pay Over $1.7 Billion in Restitution for Forex Fraud
9.9.2023
A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target...
SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’
9.9.2023
The SEC highlighted contradictory conclusions from similar cases, along with other pending decisions as some of the contentious legal issues
SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling
8.9.2023
Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday
Binance Boss Counters ‘FUD’ Amidst Legal Challenges, Touts Company’s Resilience and Low Turnover
8.9.2023
Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange’s leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt (FUD). Despite the departure of some...