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Nalezeno "US Court": 2864

Australian Regulator Sues Etoro to ‘Protect Consumers From High-Risk CFD Products’

4.8.2023
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the crypto platform Etoro. The lawsuit relates to Etoro’s contract for difference (CFD) product which ASIC alleges to be in breach “of design and distribution obligations and of Etoro’s license...

New York Man Admits to Billion-Dollar Bitcoin Hack From 2016, Pleads Guilty With Wife to Money Laundering

4.8.2023
In an unexpected revelation, Ilya Lichtenstein, 35, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex, a theft that was once worth $4.5 billion. Lichtenstein made the admission while pleading guilty to laundering the stolen bitcoin in a Washington, D.C....

FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy

3.8.2023
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...

Individual charged with money laundering admits to hacking Bitfinex in 2016: Report

3.8.2023
The identity of the hacker or hackers behind an exploit which removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3

NY Times defends article on Caroline Ellison: the public has a 'legitimate interest'

3.8.2023
The media outlet claimed the public and press had a right to receive information on a "central participant in a financial scheme that defrauded investors of billions of dollars"

New York Resident Ilya Lichtenstein Admits to Being Bitfinex Hacker in Court Appearance: CNBC

3.8.2023

BlockFi's Chapter 11 plan progresses with conditional court approval

3.8.2023
Once the bankruptcy plan receives approval, the lender said it intends to concentrate its efforts on recovering funds from several other defunct firms

Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients

3.8.2023
A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities

Australian financial regulator sues eToro over ‘volatile’ trading products

3.8.2023
The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them on the platform

ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock

3.8.2023
According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,”...

US District Judge Rejects Approach in SEC v Ripple Ruling on XRP

2.8.2023
A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,” explained the district judge presiding over...

3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship

1.8.2023
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency

FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust

1.8.2023
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed...

Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities

1.8.2023
Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short sellers, potentially involving Alameda Research

UK Court Slaps Telecoin Crypto Scam Masterminds With 6-Year Jail Terms

31.7.2023
Two masterminds of the Telecoin cryptocurrency scam will each serve more than six years in jail after a court in the United Kingdom found them guilty of fraud. According to Lee Parish, the detective chief inspector, the duo used the allure of crypto investment to dupe prospective investors....

D.C. Circuit reverses SEC ruling on SPIKES futures, calls it "arbitrary and capricious"

29.7.2023
The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures

Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution

29.7.2023
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge...