Court Financial News
11.05 / 20:37
Law
regulation
SEC
coinbase
Court
'The SEC’s actions have crippled a nascent industry' — Paradigm requests amicus brief for Coinbase
Paradigm, the crypto investment firm led by Coinbase co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the United States Securities and Exchange Commission (SEC).
10.05 / 21:47
business
Court
Digital Currency Group
Loans
Bankruptcy
settlement
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations” that could help reimburse creditors.
09.05 / 05:13
business
Blockchain
Court
Celsius
Bitcoin
‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius
Bankrupt Bitcoin (BTC) mining firm Core Scientific has objected to paying a $4.7 million administrative claim put forward by crypto lender Celsius Network, leading to a battle between the firms over contractual obligations.
09.05 / 02:35
regulation
Court
Fried
Sam
FTX founder Sam Bankman-Fried urges court to dismiss charges
FTX founder and former CEO Sam Bankman-Fried (SBF) is seeking to have up to 10 criminal charges against him dismissed in court, arguing for several counts that there has been a failure to state an offense.
05.05 / 21:19
business
lending
Court
Bankruptcy
Celsius
court approval
Eligible Celsius users can withdraw all 'Distributable Custody Assets' following court approval
Crypto lending platform Celsius has reported that certain users will be able to take out 100% of their original funds more than 300 days after the platform froze withdrawals.
05.05 / 01:29
business
Binance
regulation
Court
Bankruptcy
creditors
Voyager creditors could start seeing funds in the ‘next few weeks’
Funds stuck on the platform of bankrupt crypto broker Voyager Digital may begin returning to creditors in "the next few weeks," according to a committee of Voyager creditors.
04.05 / 06:41
business
Law
Bloomberg
Court
Media
Financial Times
The New York Times
Mainstream media renew push for non-US FTX user identities
Four media outlets in the United States have continued efforts to get the identities of non-U.S. FTX customers revealed, filing new objections to a previous motion to seal their identities.
03.05 / 23:59
business
FTX
Court
Bankruptcy
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors.
03.05 / 04:27
regulation
lending
Court
Bankruptcy
Celsius
creditors
Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’
Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.”
02.05 / 11:45
Law
regulation
Court
avalanche
Ava Labs
Ava Labs founder awarded $3M in crypto defamation suit
Ava Labs founder and CEO Emin Gün Sirer has reportedly won a defamation suit against a crypto influencer, awarding him $3 million in damages.
02.05 / 06:45
01.05 / 01:57
business
Gemini
Court
Bankruptcy
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing
Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move forward with a final restructuring plan, though one company is expressing "frustration" over the pace of progress.
28.04 / 06:17
business
Law
regulation
SEC
Department Of Justice
Court
Prison
Ex-CFO that stole $5M to trade crypto and ‘meme stocks' gets 3 years prison
The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks."
28.04 / 04:05
Government
CFTC
regulation
Court
Bitcoin
penalty
fraud case
CTFC wins record $3.4B penalty payment in Bitcoin-related fraud case
A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent scheme involving Bitcoin (BTC).
27.04 / 10:07
business
regulation
FTX
Court
Bankruptcy
Celsius
creditors
Celsius creditors demand transparency on 'suspicious' FTX transactions
Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. The creditors are seeking the help of a bankruptcy judge to unmask the users in question.
26.04 / 02:53
business
Law
Adoption
coinbase
Apple
Court
Apple's outside payments ban upheld as unlawful in likely win for NFTs and crypto
A California court ruled Apple violated state competition laws by barring app developers from using alternative in-app payment methods apart from its own that included a 30% commission.
25.04 / 14:17
business
Law
regulation
Court
Digital Currency Group
Bankruptcy
settlement
Genesis settlement disrupted by new creditor demands, DCG says
Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process.
25.04 / 01:05
Law
regulation
FTX
Court
bail
Judge approves taps on SBF’s parents’ phones to meet bail conditions
Surveillance software has been successfully implemented on Sam Bankman-Fried’s parents’ cell phones to ensure he does not breach the conditions of his bail, with a Judge approving of the measure.
25.04 / 00:51
business
regulation
SEC
coinbase
exchanges
Court
Coinbase files court action to compel SEC’s response to rulemaking petition
Coinbase filed a narrow action in a United States federal court that seeks to compel the Securities and Exchange Commission (SEC) to provide a "yes or no" response to a July 2022 petition.
24.04 / 04:27
business
regulation
security
Tokens
Court
ERC-20
SEC wins $2.8M in suit over alleged crypto token price manipulation
A seven-month-long lawsuit between the United States securities regulator and a firm alleged to have manipulated the price of cryptocurrencies has come to a close with a $2.8 million payment.
23.04 / 01:59
Law
regulation
FTX
Court
iphone
Lawyers
bail
SBF’s lawyers unable to tap his parent’s phones to meet bail conditions
Sam Bankman-Fried’s legal team have requested a third extension on the enforcement of his revised bail conditions, citing difficulties in installing monitoring software on his parents cell phones to capture a photo of the user “every five minutes.”
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