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Former Lido Holder Files Lawsuit Against Lido DAO
18.12.2023
A former Lido holder has filed a class-action lawsuit against the Lido decentralized autonomous organization (DAO), a governing body that manages the liquid staking protocol, according to a recent court document. An unregistered securities claim Andrew Samuels filed the complaint on December 17th...
Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud
15.12.2023
Source: Pixabay Decentralized finance protocol SafeMoon has officially filed for Chapter 7 bankruptcy protection in the face of mounting allegations of fraud and mismanagement. The company’s founders Kyle Nagy, Thomas Smith, and Braden Karony, accused of misleading investors, are facing...
SEC Finally Serves Hex Founder Richard Heart with Lawsuit Alleging Fraud
13.12.2023
The United States Securities and Exchange Commission (SEC) has finally served Helsinki-based cryptocurrency developer Richard Heart with a lawsuit filed in July, according to a new court document. Heart hides out According to court documents, the SEC had been attempting to serve Schueler for over...
Binance, CZ Claim Settlement With DoJ and FinCEN Irrelevant to SEC Lawsuit
13.12.2023
source: GeekWire/ Taylor Soper Binance Holdings and its former CEO, Changpeng Zhao, have filed a response to the U.S. Securities and Exchange Commission’s (SEC) recent notice of supplemental authority concerning Binance’s settlement with the U.S. Department of Justice (DOJ). In...
Singapore-Based Crypto Investment Firm Cake Group Files for Liquidation
7.12.2023
Source: Pixabay Singapore-based Cake Group, the parent company of crypto platform Bake, is winding up its company and has filed for liquidation. According to a Tech in Asia report, the founder of the crypto investment platform U-Zyn Chua has applied to wind up the Cake Group at a Singapore High...
Terra Founder Do Kwon Appeals Against Extradition to South Korea and US
6.12.2023
Source: Terra / YouTube Terraform Labs co-founder, Do Kwon, has officially filed an appeal against the extradition decision of the High Court in Montenegro. On December 6, the Montenegrin Court of Appeal confirmed that Kwon Do-hyung submitted an appeal, expressing his refusal to accept...
Blackrock and Bitwise Update Their Spot Bitcoin ETF Filings Amid SEC Approval Hype
6.12.2023
Blackrock, the world’s largest asset manager, and Bitwise have filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The SEC has held meetings with exchanges and spot bitcoin ETF issuers regarding their applications....
Minnesota Power Co-op Accuses Couple of Major Electricity Theft for Bitcoin Farm Operation
5.12.2023
In a case that intertwines crypto mining and utility theft, a Minnesota power company, North Star Electric Cooperative, has accused a former couple, Ryan Jaenicke and Tina Fehlhaber, of stealing vast amounts of electricity. The alleged scheme, detailed in a 19-page civil suit filed in Roseau County...
BlackRock and Bitwise Update Bitcoin ETF Filings with SEC
5.12.2023
Source: Pixabay / xresch BlackRock and Bitwise have recently updated their filings for spot Bitcoin exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). These frequent amendments may signal pivotal progress. In its most recent updated submission, BlackRock, the asset...
SBF Decides Against Filing Post-Trial Motions, Shifts Focus to Appeal
4.12.2023
The lawyers of disgraced FTX founder, Sam Bankman-Fried, have decided to not file any post-trial motions following his fraud conviction on November 2nd, according to a letter filed by his attorneys on December 1st. SBF’s potential appeal “After further consideration, we have decided not to file...
IRS Deals Devastating Blow to FTX With $24 Billion Tax Claim, Crypto Exchange Pushes Back
1.12.2023
FTX has challenged the potentially fatal tax claims levied by the IRS last month for $24 billion. Image by Michael O’Keene, Adobe Stock. According to a November 30 filing by FTX debtors, the IRS tax claims of $24 billion filed in early November are “completely unsubstantiated”...
SEC Holds Meetings with Grayscale, BlackRock on Bitcoin ETFs
1.12.2023
Source: SEC The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-traded funds (ETFs). SEC Meets with Grayscale to Discuss its Bitcoin ETF Filing A memorandum published by the...
SEC Calls for Comments on Fidelity’s Spot Ether ETF Application
30.11.2023
The U.S. Securities and Exchange Commission (SEC) is soliciting comments from the public regarding Fidelity’s potential spot Ether exchange-traded fund (ETF). Fidelity’s argument According to a notice filed Thursday, Cboe BZK Exchange is looking to list and trade shares of Fidelity’s Ethereum...
FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets
30.11.2023
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...
Soccer Superstar Cristiano Ronaldo Sued for Promoting Binance Crypto Exchange – Here’s the Latest
29.11.2023
Image Source: Pixabay Soccer superstar Cristiano Ronaldo is facing a proposed class-action lawsuit for promoting crypto exchange Binance. The lawsuit, filed on November 27 in a United States district court in Florida, asserts that Ronaldo played a role in the sale of unregistered securities...
SEC Seeks Public Feedback For Franklin Templeton and Hashdex Spot Bitcoin ETFs
29.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) wants public opinion on the spot Bitcoin (BTC) ETF applications of Franklin Templeton and Hashdex. In an announcement on Nov 28, the Commission highlighted the next phase in the scrutiny of spot BTC ETF applications filed...
Cristiano Ronaldo, MLB, and Mercedes F1 Hit with Litigation Relating to Binance, FTX
28.11.2023
Four recent class action lawsuits were filed against high-profile organizations and individuals for promoting the crypto exchanges, according to court documents filed in Miami on Monday. Cristiano Ronaldo, Major League Baseball, F1, and Mercedes-Benz and global advertising agency, Dentsu, are among...
Jump Crypto filed docs confidentially in SEC v. Terraform Labs case
28.11.2023
The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $1.3 billion in profits
Hong Kong Police Receive 145 Complaints of Hounax Crypto Scam Totaling $18.9M
28.11.2023
Hong Kong authorities confirm 145 victims and nearly $19 million lost in crypto scam involving unlicensed exchange Hounax. Image by Alexey Novikov, Adobe Stock. Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange...
Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government’s Request
28.11.2023
A federal judge has barred former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court has made a decision on the U.S. government’s motion to prevent his return to the United Arab Emirates (UAE) before sentencing. The government filed the motion in response to a release order...