Court Financial News

06.12 / 15:37

regulation Court Bankruptcy Celsius Restructuring Plan Court sets new deadline for Celsius restructuring plan

Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled crypto lender another couple of months to file for a Chapter 11 restructuring plan.

05.12 / 09:41

Law NFT Court Chinese court says NFTs are virtual property protected by law

A Chinese court in the city of Hangzhou has said nonfungible token (NFT) collections are online virtual property that should be protected under Chinese law.

02.12 / 18:57

Law Europe European Union Court How NFT court summons could change the legal landscape

RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court summons to a former employee and a contractor.

02.12 / 08:55

business regulation SEC Court U.S. Trustee: FTX was the 'fastest' corporate failure in American history, calls for probe

The United States Trustee handling FTX’s bankruptcy proceedings has referred to the now-defunct exchange as the "fastest big corporate failure in American history," and is calling for an independent probe to look into its downfall.

01.12 / 05:33

CFTC SEC Court Prison EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'

One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail sentence by a United States court.

30.11 / 09:23

business Court Fried hearing Bankman-Fried on the hook in Texas, called to appear at Feb. hearing

Former FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing by the Texan securities regulator as part of an investigation into whether he and FTX US have violated Texas securities laws.

29.11 / 05:35

business Blockchain Court FTX resumes employee and contractor payments after weeks in limbo

Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world.

29.11 / 04:09

business Law Court shares Fried BlockFi sues FTX's Bankman-Fried over shares in Robinhood

Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November.

24.11 / 06:47

Law regulation Court Block Earner sued over crypto-yield products, CEO calls for clarity

The CEO of fintech firm Block Earner has lashed out over the “lack of clarity” in Australia’s financial licensing regime after his company was sued by the country’s financial services regulator for providing unlicensed crypto-based investment products.

22.11 / 17:19

Law defi regulation Court hearing Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

Detained Tornado Cash developer Alexsey Pertsev will spend another three months in custody in the Netherlands, according to a court hearing held on Nov. 22.

22.11 / 13:45

Blockchain regulation Court FTX ordered to pay reimbursement fees to Bahamian regulators

The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters.

19.11 / 11:59

business Law Twitter Court Lawyers SBF's lawyers terminate FTX representation due to conflicts of interest

Paul, Weiss, the law firm backing FTX CEO Sam Bankman-Fried (SBF) amid bankruptcy, renounced representing the entrepreneur, citing a conflict of interest. The decision to withdraw from representation after SBF’s tweets were found to disrupt the law firm’s reorganization efforts.

19.11 / 08:05

business regulation Court investigation Terraform Labs South Korea seizes $104M from Terra co-founder suspecting unfair profits

While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the victims of the year’s first crypto crash — Terraform Labs. Nearly six months after the Terra (LUNA) blockchain was officially halted, South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits.

17.11 / 17:39

Adoption Court investigation Bitcoin SBF received $1 billion in personal loans from Alameda: FTX bankrupty filing

Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange.

17.11 / 07:43

business Law Court Bitcoin Bahamian liquidators reject validity of FTX's US bankruptcy filing

Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and 134 other affiliates in a Delaware court on Nov. 14.

16.11 / 15:09

Blockchain Adoption Digital Court UAE regulator adopts blockchain to speed up commercial judgments

A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments.

14.11 / 20:29

regulation security Court SEC wins LBRY case, but the victory may have little impact in the greater cryptoverse

The United States Security Commission (SEC) won its case against blockchain-based file-sharing and payment network LBRY in district court in New Hampshire on Nov. 7 when that court decided to grant an SEC request for summary judgment filed in May. The case garnered lots of commentary on its own and in relation to the ongoing Ripple case.

08.11 / 09:37

business Ripple SEC Court Investors increasingly confident of Ripple's victory over SEC: CoinShares

Recent developments in the Ripple vs Securities and Exchange Commission (SEC) case appear to have bolstered investor confidence in XRP-tied investment products, according to investment data from CoinShares’ head of research James Butterfill.

07.11 / 23:21

Ripple SEC Court Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7

The United States will go to the voting booths on Nov. 8 to decide the fate of all 435 members of the House of Representatives and 34 out of the 100 Senate seats. The outcome will decide the prevailing power balance in Washington and has the potential to affect the crypto industry. Perhaps that’s why 38% of eligible voters will consider candidates’ positions on crypto, according to a recent survey. Another survey suggests that crypto regulation is a bipartisan issue, with 87% of Democratic and 76% of Republican respondents saying they want clarity from the U.S. government on digital assets.

04.11 / 14:09

Twitter Court elon Elon Musk faces class-action suit over mass Twitter layoffs

Amid Twitter beginning mass layoffs, the company employees are launching a class-action lawsuit against the new Twitter CEO, Elon Musk.

02.11 / 11:05

business Court Bankruptcy Ponzi scheme Judge orders probe to investigate whether Celsius was a Ponzi

The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like a Ponzi scheme.

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