Court Financial News

30.03 / 16:13

regulation Court Taxes Bitcoin Bitcoin profits are taxable in certain cases, says Denmark’s supreme court

The Justices of the Supreme Court of Denmark have handed down two judgements on whether the sale of Bitcoin (BTC) under certain circumstances qualifies as a taxable event.

30.03 / 16:13

regulation crimes FTX Court Fried Sam NOT Sam Bankman-Fried pleads not guilty to bribery, charges from superseding indictment

Lawyers for former FTX chief executive officer Sam Bankman-Fried have entered a not guilty plea for five additional charges since his December 2022 arraignment, including allegations of bribery.

30.03 / 02:17

business regulation fees Fraud FTX Insurance Court Lawyers creditors FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed

Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee.

28.03 / 13:57

business regulation crimes FTX Court Fried Sam Sam Bankman-Fried charged with bribing Chinese officials: Court docs

FTX cryptocurrency exchange founder and former CEO Sam Bankman-Fried, or “SBF,” is facing a new 13-count indictment from authorities in the United States.

28.03 / 11:01

Law defi regulation Court Self Custody bZX DAO class-action ruling: Dev with upgrade key makes platform custodial

In a new update to the class-action lawsuit against bZX DAO members, a United States district judge ruled that the ability for developers to upgrade a smart contract where the key is in the hands of a single developer makes the arrangement custodial.

28.03 / 11:01

business regulation FTX Court bail SBF banned from using online messengers under new bail agreement

The story of FTX founder Sam Bankman-Fried continues to unfold as lawyers and the court continue to argue about SBF’s bail conditions.

28.03 / 09:39

Binance CFTC regulation Court Bitcoin Binance saw $850M withdrawal prior to CFTC indictment: Data

Right before the exchange platform Binance and its CEO Changpeng Zhao have been accused of regulatory violations by the United States Commodity Futures Trading Commission (CFTC), almost a billion dollars in crypto reportedly left the platform’s wallets.

28.03 / 08:11

Law Binance CFTC regulation Court Bitcoin Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit

Soon after the United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and its CEO Changpeng ‘CZ’ Zhao over regulatory violations, the entrepreneur sought damage control measures while rejecting allegations of market manipulation. However, investors responded by pulling off over 3,400 Bitcoin (BTC) within 24 hours of the announcement anticipating market fluctuations.

28.03 / 03:55

business Law Court Bankruptcy Bitcoin BlockFi to provide over $100K in refunds to California clients

Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.

26.03 / 10:39

business regulation Court LUNC Terraform Labs Terra Do Kwon to reportedly appeal against court’s decision to extend detention

Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days.

24.03 / 15:03

Investing Legal FTX Court Bankruptcy FTX debtors stake FTX Bankruptcy Update: FTX Debtors to Sell Mysten Labs Stake for $95 Million

The infamous crypto exchange FTX will reportedly sell its stake in Web3-focused startup Mysten Labs in an effort to pay back its customers.

24.03 / 06:19

business regulation Marketplace Court Bankruptcy hedge fund 3AC co-founder can answer subpoena or 'take his chances' — US judge

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court.

23.03 / 23:07

regulation FTX Court Assets Bankruptcy FTX debtors stake FTX debtors agree to $95M sale of stake in Mysten Labs

The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui blockchain.

23.03 / 09:49

business regulation SEC coinbase Kraken Court Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball

Brian Armstrong, the CEO and co-founder of crypto exchange Coinbase has compared the Securities and Exchange Commission (SEC) to “soccer refs” in a game of pickleball, criticizing U.S. regulators for not being able to “agree on the rules” of “this new game.”

23.03 / 05:33

business regulation Venture Capital FTX Court Bankruptcy Fried Backed FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

Bankrupt crypto exchange FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital (VC) firm Modulo Capital, which received a sizeable investment from Alameda Research last year.

22.03 / 10:43

Law Twitter regulation Court YouTube Lawyers class action youtuber Class action lawyers claim YouTuber ‘BitBoy Crypto’ threatened them

Lawyers representing a class action lawsuit against “BitBoy Crypto” YouTuber Ben Armstrong and other crypto influencers alleged to have promoted crypto exchange FTX have claimed Armstrong has made multiple threats against them.

21.03 / 14:41

Ripple XRP regulation SEC coinbase Legal Court lawsuits US Supreme Court Takes on Landmark Crypto Case with Coinbase Lawsuits Today – Here's What You Need to Know

Today, the US Supreme Court is set to hear arguments in Coinbase's efforts to push two class-action lawsuits against it into arbitration. This is a historic event too, as it will be the first time the nine Justices of this court will face a crypto-related case.

21.03 / 08:51

business Mining Court Bankruptcy Core Scientific to transfer $20M of equipment to settle bankruptcy dispute

A $20 million settlement between Bitcoin (BTC) miner Core Scientific and its energy negotiator Priority Power Management has been approved by the judge in Core Scientific’s bankruptcy proceedings.

21.03 / 08:51

business regulation Altcoin crimes Court Media bail Customer Crypto.com customer accused of $10M spending spree granted bail

The Crypto.com customer who was accidentally sent $10.4 million from the exchange in 2021 and then allegedly went on a spending spree has been granted bail despite $3.1 million funds still unaccounted for.

20.03 / 23:33

Binance European Union Banks Congress Court Silicon Valley In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.

A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down. SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court. The company is no longer affiliated with Silicon Valley Bank, which operates under the jurisdiction of the Federal Deposit Insurance Corporation (FDIC) and is not included in the Chapter 11 filing. Meanwhile, the United Kingdom arm of the bank was acquired by HSBC for 1 British pound.

20.03 / 19:35

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors file lawsuit against exchange's Bahamian arm on ownership of property

The legal teams representing Alameda Research, FTX US, and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm's ownership.

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