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FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
9.8.2023
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds
MrBeast Now Faces $100 Million Lawsuit After Dissing His Own Burgers
7.8.2023
James “MrBeast” Donaldson, one of the biggest YouTube stars in the world, is now being sued by Virtual Dining Concepts for $100 million. The food company behind his MrBeast Burgers alleges in the newly filed lawsuit that MrBeast is a “social media celebrity who believes his fame” means he can break...
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
7.8.2023
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI
US Court Dismisses Former Celsius Network CEO’s Motion to Block New York Attorney General’s Lawsuit
7.8.2023
Former Celsius Network Alex Mashinsky will now have to defend himself against a lawsuit filed by New York Attorney General Letitia James after a New York County Supreme Court Justice rejected his attempts to have the suit dismissed. The court’s decision blocks the attempt by Mashinsky to stop James...
Class Action Lawsuit Against Tether, Bitfinex Dismissed
5.8.2023
A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market...
Class-Action Lawsuit Against Tether and Bitfinex Thrown Out
5.8.2023
In a significant legal victory for Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York dismissed a class action lawsuit brought against the stablecoin issuer.
The lawsuit, filed by Matthew Anderson and Shawn Dolifka in 2021, alleged...
Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority
4.8.2023
In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights Back Against SEC’s Crypto Exchange Lawsuit In...
Destiny 2 'Assault' By Cheaters Is Ending, Bungie Says In Lawsuit
4.8.2023
A new Destiny 2 cheat maker is ruining its competitive multiplayer, and Bungie is banking on its string of recent legal victories to crush it. The Sony-owned studio filed a lawsuit against the group behind the Ring-1 software as it claims the days of players “feeling free to engage in a wholesale...
'The SEC has violated due process' — Coinbase CLO on motion to dismiss lawsuit
4.8.2023
Lawyers for Coinbase cited precedent from the SEC v. Ripple case, in which a judge ruled that the XRP token largely did not qualify as a security by the commission’s standards
Coinbase Moves to Dismiss SEC Lawsuit, Alleging Crypto Falls Out of Regulator's Oversight
4.8.2023
Coinbase filed for judgement in its ongoing case against the U.S. Securities and Exchange Commission, alleging the regulator is stepping well outside its jurisdiction in suing the crypto exchange
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...
Coinbase to file order seeking dismissal of SEC lawsuit
4.8.2023
Paul Grewal said Coinbase will seek to dismiss the SEC’s suit on Aug. 4 which will argue that it never sold securities as the regulator alleged
HEX Plummets Over 40% After SEC Files Lawsuit Against Creator Richard Heart
2.8.2023
After the U.S. Securities and Exchange Commission filed a lawsuit against Richard Heart and his companies Hex, Pulsechain and Pulsex, the crypto asset hex (HEX) has been in a free fall. Two-week statistics show HEX has lost 41.7% against the U.S. dollar and 35.8% over the past seven days. Uniswap...
Ethereum Juggernaut MetaMask’s Origin Story Challenged in New Lawsuit
2.8.2023
Joel Dietz is suing ConsenSys and his former business partner over his claims to MetaMask, the most important crypto wallet for the Ethereum blockchain
Ripple CEO slams SEC over use of XRP report in lawsuit
2.8.2023
Brad Garlinghouse stressed Ripple's unchanged commitment to transparency but hinted that future reports might undergo some changes
Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case
1.8.2023
A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC).
On Monday, US District Judge Jed Rakoff rejected Terraform Labs' arguments that the SEC lacked jurisdiction and that its TerraUSD stablecoin did...
Bitcoin Price Prediction: BTC Slips 2% Amidst SEC Lawsuit and Political Developments
1.8.2023
On Tuesday, the trading value of Bitcoin dropped by nearly 2% to $28,912 amidst significant developments in the cryptocurrency landscape.
The SEC's lawsuit against Richard Heart, the mastermind behind Hex, alleging the sale of unregistered securities worth $1 billion, has raised regulatory...
Mr. Beast Sues Food Company Over His ‘Revolting,’ ‘Inedible’ Burgers
1.8.2023
James Donaldson aka Mr. Beast, one of the most popular YouTube stars in the world, is suing the virtual kitchen company he partnered with after fans complained about poor-quality food being delivered to their homes. Mr. Beast says that the company sacrificed quality control in order to expand...
Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs' Motion to Dismiss SEC Lawsuit
31.7.2023
A federal judge rejected Terraform Labs' motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission
Billionaire Founder of HEX and PulseChain Richard Heart Sued by SEC for Securities Fraud
31.7.2023
The US Securities and Exchange Commission (SEC) has taken legal action against prominent internet marketer and crypto advocate Richard Heart.
Heart, whose real name is Richard Schueler, is accused of raising more than $1 billion through unregistered securities offerings and defrauding investors....