Court Financial News

24.12 / 08:51

business Court Judge pulls out of SBF-FTX case citing husband's law firm's advisory link

The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court for the Southern District of New York rescued itself from the FTX case after revealing that a law firm — which employs Abrams’ husband as a partner — had advised the crypto exchange in 2021.

22.12 / 15:49

business Ripple Court Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse

Amid the heated-up news steam about the FTX drama, Ripple CEO Brad Garlinghouse has tried to turn the public’s attention to another case regarding the misdeeds of traditional finance. A $3.7 billion fine for mismanagement at Wells Fargo bank was treated as, in Garlinghouse’s words, “barely a blip on the radar.”

22.12 / 13:07

business regulation FTX Court Jail Deal Alameda's Caroline Ellison escapes potentially 110 years in jail via plea deal

One of the key witnesses on the ongoing FTX investigation could evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would be prosecuted only for criminal tax violations and can be released immediately by paying the $250,000 bail.

21.12 / 03:55

business Law Court Extradition SBF signs extradition papers, set to return to face charges in the US

Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange has reportedly signed papers on Dec. 20 waiving his extradition hearing in the Bahamasand see him flown to the United States to face multiple criminal charges.

20.12 / 11:47

business Blockchain Court Bitcoin BlockFi files motion to return frozen crypto to wallet users

Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from a United States bankruptcy court to allow its users to withdraw digital assets currently locked up in BlockFi wallets.

19.12 / 08:55

Blockchain Scams Court Jail $4B OneCoin scam co-founder pleads guilty, faces 60 years jail

Karl Sebastian Greenwood, the co-founder of the multi-billion dollar fraudulent cryptocurrency scheme OneCoin has pleaded guilty to multiple charges brought forward by the United States Department of Justice (DOJ) and faces a maximum of 60 years in prison.

16.12 / 07:29

CFTC Court LedgerX FTX wants permission to sell FTX Japan and FTX Europe as well as LedgerX

On Dec. 15 lawyers representing FTX filed a motion with the United States Bankruptcy Court seeking permission to sell off the firm's Japanese and European branches, derivatives exchange LedgerX and stock-clearing platform Embed.

16.12 / 07:05

Law regulation FTX Court bail the bahamas SBF reportedly files new bail application in the Bahamas Supreme Court

Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX has reportedly filed a new application for bail in the Bahamas Supreme Court following his previous unsuccessful bail bid.

16.12 / 05:29

Law Stablecoin Court Australian Finder.com sued by Australian regulator over its crypto yield product

Financial product comparison website Finder.com is being sued by Australia’s financial services regulator for allegedly offering a cryptocurrency yield-bearing product without the required license.

15.12 / 07:23

regulation Fraud Police Court Fried Sam co-CEO FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried

According to Bahamian court records filed on Dec. 14, Ryan Salame, the former co-CEO of FTX Digital Markets told the Securities Commission of the Bahamas (SCB) on Nov. 9 that FTX was sending customer funds to its sister trading firm Alameda Research.

14.12 / 15:47

CFTC regulation Court U.S. Alameda had ‘unfair’ trading advantage, special access to FTX funds: CFTC filing

Court filings continue to shed light on the dubious relationship between FTX and Alameda Research, in which the hedge fund was afforded an “unfair” trading advantage as well as unprecedented access to user holdings on the cryptocurrency exchange.

13.12 / 22:05

regulation FTX Court Financial Indictment against SBF unsealed, contains 8 counts of financial and elections fraud

The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams, is 14 pages long and containe eight counts.

13.12 / 16:53

business Law Court Bahamas reportedly asked SBF to mint new coin after FTX collapse

The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials.

13.12 / 09:15

Law CFTC Court Judge orders CFTC to serve Ooki DAO founders with lawsuit

A United States federal judge has ordered the Commodities Future Trading Commission (CFTC) to serve its lawsuit to the two original founders of the Ooki decentralized autonomous organization (DAO).

13.12 / 09:15

regulation SEC Court It's stacking up: SEC to file separate charges against FTX's SBF

The worst isn’t yet over for the disgraced founder of crypto exchange FTX, Sam Bankman-Fried.

11.12 / 11:11

business Investments Court investigation FTT investors' claims to be investigated for securities laws violations

To help out the recently duped investors of FTX Tokens (FTT), shareholder rights litigation firm — Schall Law Firm — has taken up the task of investigating the investors’ claims against FTX for violations of the securities laws.

09.12 / 08:59

business Court class action lawsuits 7 class action lawsuits have been filed against SBF so far, records show

The number of lawsuits against former FTX CEO Sam Bankman-Fried has been racking up since the fall of his crypto empire, with the former “white knight” of crypto finding himself a defendant in seven class action lawsuits filed since FTX’s bankruptcy.

08.12 / 16:57

Law Waves Court saga Wemix delisting saga continues at South Korean court

A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.

08.12 / 06:39

business Adoption Court class action Class action against Kim K, Mayweather over EMAX dismissed… for now

A federal judge in California has dismissed a class action lawsuit against reality TV star Kim Kardashian, boxing champ Floyd Mayweather and the founders of EthereumMax, explaining that the submissions failed to meet the “heightened pleading standards” for fraud claims.

07.12 / 14:43

NFT Legal Court Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law

Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law.

07.12 / 10:47

business regulation Court Bankruptcy Terra Luna 3AC subpoenas issued as dispute grows over claims of Terraform dump

A federal judge overseeing Three Arrows Capital’s (3AC’s) bankruptcy proceedings has signed an order approving subpoenas to be delivered to 3AC’s former leadership, including co-founders Su Zhu and Kyle Davies.

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