Court Financial News

25.10 / 15:05

Law regulation crimes FTX Court Sam Bankman-Fried will testify at criminal trial, say defense lawyers

Former FTX CEO Sam “SBF” Bankman-Fried will testify as part of his defense case, said his attorney Mark Cohen.

24.10 / 03:01

coinbase IRS Court Paradigm DeFi Education Fund, Paradigm File Amicus Brief Supporting James Harper’s appeal against IRS

DeFi Education Fund (DEF), a crypto research and advocacy group, and crypto investment company Paradigm have filed a separate amicus brief supporting James Harper’s lawsuit against the US Internal Revenue Service (IRS).

20.10 / 22:07

hacks regulation Court freeze Singapore court authorizes freeze order attached to wallets as soulbound NFT

The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts.

20.10 / 09:53

Law regulation crimes FTX Court Prosecutors argue ‘effective altruism’ inadequate in Bankman-Fried case

In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge inform the jury that the defendant’s assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces allegations of misappropriating billions of dollars from FTX customers for personal purposes, such as political contributions, real estate and investments.

20.10 / 05:37

business Blockchain Social Media Altcoin SEC security Court ‘This will be our last post’ — LBRY throws in towel against the SEC

Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue.

19.10 / 21:49

Law Ripple regulation SEC Court SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen

Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.

19.10 / 19:45

regulation Europe privacy European Union Court US surveillance and facial recognition firm Clearview AI wins GDPR appeal in UK court

U.S. surveillance and facial recognition firm Clearview AI has won a court appeal in the United Kingdom after being accused of alleged infractions related to the U.K’s general data protection regulation (GDPR).

19.10 / 12:40

business Law FTX Court Financial Services Financial Sam Bankman-Fried’s trial is telling a story of classic financial deceit

The courtroom drama unfolding around FTX founder Sam Bankman-Fried (SBF) has all the ingredients of a binge-worthy Netflix series, replete with a cast of shady characters and a plot that thickens with each passing day. Among the highlights were SBF's lofty presidential ambitions and a staggering $100-150 million bribe to Chinese officials, which add a surreal twist to the narrative.

19.10 / 12:40

business Law Binance regulation SEC Court exits Binance France director resigns, adding to list of exits from crypto exchange

Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year.

17.10 / 23:13

Google privacy data Court Intellectual Property Google requests dismissal of AI data scraping class-action suit

Big Tech player Google is seeking to dismiss a proposed class-action lawsuit that claims it’s violating the privacy and property rights of millions of internet users by scraping data to train its artificial intelligence models.

17.10 / 17:07

Law regulation crimes FTX Court Nishad Singh says there was 'a lot' he didn't remember about FTX in 2022 — SBF trial

Lawyers representing former FTX CEO Sam “SBF’ Sam Bankman-Fried conducted their cross-examination of Nishad Singh, pressing the former engineering director on events leading to Alameda Research using funds from the crypto exchange.

17.10 / 05:21

business Law NFT regulation Court Opensea NOT ‘I’m still not seeing it’ — Judges skeptical of Ryder Ripps’ BAYC appeal

Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears.

17.10 / 04:51

business Law regulation FTX Court Bankruptcy 2024 Customers FTX customers could get $9B shortfall claim payout by mid-2024

Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.

16.10 / 21:35

Law regulation crimes FTX Court Former FTX engineering director faces up to 75 years in prison following guilty plea

Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors.

16.10 / 21:01

Law regulation SEC Court Terra Usd Terra Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena

A United States judge has approved an order requiring Genesis Global entities to produce certain documents in accordance with a subpoena requested by Terraform Labs.

16.10 / 21:01

regulation SEC Europe IRS European Union Court The explosive revelations of Caroline Ellison: Law Decoded

Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellison admitted to fraud during her time as CEO at Alameda under Bankman-Fried’s direction. However, she blamed the misuse of FTX user funds directly on SBF, claiming he “set up the systems” that led to Alameda taking roughly $14 billion from the exchange.

16.10 / 16:27

regulation Investments crimes FTX Court Nishad Singh testifies on Sam Bankman-Fried's 'excessive' investments through Alameda

Former FTX engineering director Nishad Singh reportedly told a New York courtroom that former CEO Sam “SBF” Bankman-Fried had a habit of deciding on purchases through Alameda Research by himself.

16.10 / 03:27

business Adoption SEC Grayscale Court Bitcoin Bitcoin ETF approval ETF approval Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval

Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States.

16.10 / 02:41

business FTX Court Trial Sam Bankman-Fried requests long-acting Adderall to focus during trial

FTX co-founder Sam Bankman-Fried has asked a United States judge for long-release Adderall, saying he’s finding it hard to concentrate properly during his criminal trial.

13.10 / 18:15

Law regulation crimes FTX Court Sam Sam Bankman-Fried's legal team moves to pursue theory on FTX terms of service

Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to bring up certain information from the crypto exchange’s terms of service during witness testimonies.

13.10 / 08:03

regulation SEC Grayscale Court Bitcoin What happens if SEC doesn’t appeal Grayscale spot Bitcoin ETF ruling?

The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale Investments, forcing the regulator to review the fund manager’s application for a spot Bitcoin (BTC) fund.

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