Court Financial News

18.07 / 22:05

Law regulation Court hearing place Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing

The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership, pending a hearing to show cause.

18.07 / 10:13

business Mining regulation SEC Court Marathon Marathon shareholders file lawsuit against company’s top management

United States-based crypto mining company Marathon Digital is heading to court after its shareholders alleged that its CEO Fred Thiel, alongside other top executives, breached fiduciary duties, unjustly enriched themselves and wasted corporate assets.

18.07 / 09:25

business regulation lending Court Celsius Bankrupt Celsius to spend $24M from GK8 sale on legal expenses

Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8.

18.07 / 08:35

business regulation crimes Court Taxes Prison Thodex CEO sentenced to Turkish prison for failure to submit tax documents

Three months after Faruk Fatih Özer — the founder and former CEO of Thodex — was detained in Türkiye, he received a prison sentence of seven months and 15 days for failing to submit documents requested during the trial.

18.07 / 01:49

business Adoption Ripple XRP SEC coinbase Court Cathie Wood very positive on Coinbase after Ripple court ruling

Cathie Wood, the founder and CEO of ARK Investment Management, said she remains bullish over Coinbase in light of Ripple’s partial victory over the Securities and Exchange Commission on July 13.

17.07 / 19:27

Ripple XRP regulation SEC Court SEC vs Ripple referred to judge who ordered release of ‘Hinman Documents’

The next phase of the ‘SEC vs Ripple’ case is set to move forward as U.S. District Judge Analisa Torres of the Southern District of New York filed paperwork on July 17 referring the case to Magistrate Judge Sarah Netburn.

17.07 / 16:33

business Ripple XRP SEC Banks Court Ripple CLO says court ruling could encourage banks to adopt XRP: Report

Stu Alderoty, the chief legal officer for Ripple Labs, has reportedly said United States-based banks may turn to XRP for cross-border transactions following a recent court ruling.

17.07 / 03:51

business Law Ripple XRP SEC Congress Court Ripple case: SEC appeal unlikely as it gains from 'current confusion' — Haun Ventures CEO

A former federal prosecutor turned chief executive of a crypto-focused venture capital fund says she would be “surprised” if the United States securities regulator lodges an immediate appeal against the Ripple case ruling, as it currently benefits from lack of “legal clarity.”

15.07 / 03:09

business Law IPO regulation SEC coinbase Court NOT Allowing Coinbase to go public was not a 'blessing' of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm's S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant.

14.07 / 23:15

Law Ripple XRP regulation coinbase Opinion Court Time It’s time for the SEC to settle with Coinbase and Ripple

In every major litigation, there comes a moment when you realize it’s time to settle. A ruling doesn’t go your way, a juror gives your legal team the side eye, the judge makes it clear it’s time for a settlement conference. After Judge Analisa Torres’ decision in SEC v. Ripple, the time has come for the United States Securities and Exchange Commission to settle the remainder of its case against Ripple Labs — as well as its case against Coinbase.

14.07 / 20:59

business FTX Court Bankruptcy BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing

Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda Research.

14.07 / 06:31

business FTX Court Fried Sam Sam Bankman-Fried wants 'close friends' to visit without a security pat down

Former FTX CEO Sam Bankman-Fried wants to be able to have his “close friends” visit him at his parent's home without them being subject to security checks.

13.07 / 13:09

regulation SEC Court Celsius Bitcoin US SEC files lawsuit against Celsius and Alex Mashinsky: Report

The United States’ Securities and Exchange Commission (SEC) is reportedly taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022.

13.07 / 09:41

regulation FTX Court Court: FTX spent $400 million on the acquisition of its European branch

According to the legal team of the FTX investors, trying to return their funds through court, a failed crypto exchange spent “nearly $400 million” to acquire Digital Assets DA AG (“DAAG”). Later the Swiss company became known as FTX Europe. Now the plaintiffs are eager to be refunded the money that was spent on it by Sam Bankman-Fried and his associates.

11.07 / 22:19

Law regulation Grayscale Court Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust

Grayscale Investments has reached an agreement with New York-based investment firm Fir Tree Capital Management over its Bitcoin Trust.

11.07 / 20:49

business FTX Court Bankruptcy Ftx Claims Portal FTX claims portal becomes unavailable shortly after going live

Bankrupt cryptocurrency exchange FTX launched a customer claims portal, which stayed live for roughly an hour before going offline for unknown reasons.

11.07 / 06:57

business Law regulation SEC Court Bittrex SEC is ‘wrongfully attempting’ to police crypto markets — Paradigm counsel

Crypto investment firm Paradigm’s special counsel Rodrigo Seira has slammed the United States securities regulator for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.

10.07 / 15:55

Law regulation Court Terraform Labs Terra Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).

09.07 / 23:29

Law Court Sex worker wins in Nova Scotia court, but ruling leaves sex industry conflicted

In a legal decision described as the first of its kind in Canada, a Halifax sex worker successfully sued a client for nonpayment of services, but actors in the industry are conflicted about the ruling’s impacts.

08.07 / 09:57

Law NFT Scams Court investigation Rug Pull ZachXBT’s research cited in Canadian NFT rug pull class-action lawsuit

The investigative work of independent blockchain sleuth ZachXBT has been cited in a class-action lawsuit in Canada against Boneheads, an alleged $3.1 million nonfungible token (NFT) rug pull.

07.07 / 21:19

Law regulation transactions Court Crypto.com US court Crypto.com petitions US court to uphold arbitration decision for mistakenly sent $50K

Cryptocurrency exchange Crypto.com has petitioned a Florida court to confirm a judgment in its favor through arbitration after the platform mistakenly deposited $50,000 into a user’s account.

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