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PlayStation Has To Pay Back Some Loot Boxes After Court Ruling
17.5.2023
Over the past few years EA’s FIFA series has been the target of multiple investigations and government hearings across Europe, with some countries concerned that the game’s flagship Ultimate Team mode is basically gambling, and others convinced that it is and taking action.Read more
Breaking: Court victory for Ripple as judge denies SEC motion to seal Hinman docs
17.5.2023
United States District Judge Analisa Torres made the order on May 16 in a win for Ripple
Jump Trading Allegedly Supported Terra Before It Collapsed, New SEC Filings Show
16.5.2023
A US regulator’s court filings confirm that Jump Trading secretly supported Terraform Labs — the company behind the failed algorithmic stablecoin — about a year before the company collapsed.
The Securities and Exchange Commission filed a document last week showing a contract between Terraform...
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
16.5.2023
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands...
BlockFi used customer money to buy $30M insurance, creditors claim
16.5.2023
BlockFi said last Friday that it might not generate value for creditors by selling its cryptocurrency lending platform
SEC revises $22M punishment against LBRY, seeks $111K instead
15.5.2023
The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
14.5.2023
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty
Binance to Withdraw From Canadian Market Due to Regulatory Climate
13.5.2023
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance...
Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
12.5.2023
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...
Montenegro Court Agrees To Release Terraform’s Kwon and CFO on Bail
12.5.2023
A court in Montenegro accepted bail to release Terraform Labs co-founder Do Kwon and former chief financial officer Han Chang-joon from jail on Friday after allegedly using false documents.
The Basic Court Podgorica said the two would not be allowed to leave their homes in accepting the 400,000...
Terra Luna founder Do Kwon's bail terms officially accepted by Montenegro court
12.5.2023
The Montenegro court accepted the offered bail in the amount of $436,000 per person for Do Kwon and his former aide Han Chang-joon
Lawsuit against FTX celebrity promoters gets backup from former exec
12.5.2023
Daniel Friedberg, the former top compliance chief for FTX and FTX US, has provided a declaration that could support the lawsuit
'The SEC’s actions have crippled a nascent industry' — Paradigm requests amicus brief for Coinbase
11.5.2023
According to Paradigm, the SEC's lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.”
Coinbase’s SEC Complaint Draws Allies Depicting U.S. Regulator as Crypto Bully
11.5.2023
Crypto insiders are tying themselves to Coinbase (COIN) as the company seeks to blow up the U.S. Securities and Exchange Commission’s (SEC) “come in and register” crusade aimed at the digital assets sector
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
10.5.2023
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation
FTX Lawsuit Against Shaq Takes a Wild Turn: Court Documents Allegedly Thrown at NBA Star’s Car
10.5.2023
In a recent court submission, legal representatives for basketball icon Shaquille O’Neal, commonly referred to as Shaq, claim he was not duly served in the FTX class-action lawsuit. As per the document, servers allegedly hurled the court documents at Shaq’s car, ultimately landing...
Today in Crypto: Twitter Hacker Extradited to US, Coinbase Employee Sentenced to Two Years in Prison, Binance Launches VIP Capital Connect Service
10.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Twitter Hacker Extradited to US, Coinbase Employee Sentenced to Two Years in Prison, Binance Launches...
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...
FTX founder Sam Bankman-Fried urges court to dismiss charges
9.5.2023
Lawyers representing Sam Bankman-Fried want all but three charges against him dismissed in a filing on May 8