Court Financial News

Terraform Labs co-founder Do Kwon has refuted the significance of Slack messages as evidence, which involved discussions with his co-founder Daniel Shin about manipulating transactions on the Terra blockchain to attract investors.

The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the United States Bankruptcy Court for the District of Delaware approved the sale of $3.4 billion worth of crypto assets.

FTX founder Sam Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32 billion crypto exchange. 

interim injunction halting a government policy that requires parental consent when children under 16 want to go by different names and pronouns at school — and the premier is vowing to take action.The decision by Court of King’s Bench Justice Michael Megaw stops the policy for now.“On the whole of the evidence, I am satisfied that those individuals affected by this Policy, youth under the age of 16 who are unable to have their name, pronouns, gender diversity, or gender identity, observed in the school will suffer irreparable harm,” Megaw said.Lawyers for UR Pride sought the injunction, arguing that it could cause teachers to out or misgender children and that it violates the Charter of Rights and Freedoms.The province’s lawyers say the policy has been misinterpreted.They say parents should be involved when their children decide to change their names or pronouns.In a statement following the court’s ruling, Premier Scott Moe said the notwithstanding clause will be invoked to push the policy forward.“Our government will take immediate action to ensure the rights of Saskatchewan parents are protected and that this policy is implemented by recalling the Legislative Assembly and using the notwithstanding clause of the Canadian constitution to pass legislation to protect parental rights,” Moe said.My response to today’s court ruling.

Former FTX CEO Sam Bankman-Fried (SBF) will remain in jail at least until the start of his Oct. 3 criminal trial following an order from a federal judge.

Joel E. Cohen, a mathematician and biologist representing Celsius Network’s valuation advisor Stout Risius Ross, LLC, confirmed the accuracy of the fair value of certain of the debtors’ assets and liabilities as of May 31, 2023.

A federal judge has granted a motion from the legal team for Sam Bankman-Fried (SBF) allowing the former FTX CEO to wear business attire during his first criminal trial.

Prosecutors from the United States Department of Justice will be allowed to surface the details of Sam Bankman-Fried’s political donations as the evidence is directly relevant to his fraud charges, ruled U.S. District Judge Lewis Kaplan.

The Shanghai Second Intermediate People's Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature.

The creditors involved in the Celsius bankruptcy case have voted in favor of a plan that will see funds returned to them as well as distributing equity through a new company.

A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX has refuted a class-action lawsuit brought against them claiming that it assisted in the exchange's alleged fraud.

The bankruptcy claims market has been growing bullish on the debts of the collapsed cryptocurrency exchange FTX as major credit investors have been rushing to buy FTX debts.

Binance CEO Changpeng "CZ" Zhao have filed a petition requesting that the lawsuit made against him and his cryptocurrency exchange by the United States Securities and Exchange Commission (SEC) be dismissed. 

A federal judge has sided with the United States Department of Justice in motions aimed at precluding the testimony of 7 witnesses on behalf of former FTX CEO Sam Bankman-Fried, or SBF.

A three-judge panel from the United States Court of Appeals for the Second Circuit has denied a motion for early release for former FTX CEO Sam Bankman-Fried, or SBF. 

On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze.

A three-judge panel from the United States Court of Appeals for the Second Circuit has reportedly taken arguments from lawyers representing former FTX CEO Sam Bankman-Fried (SBF) under advisement in considering releasing him from jail prior to his October trial. 

The interim judicial managers of the collapsed cryptocurrency lender Hodlnaut have reportedly rejected the latest buyout deal amid the settlement token plummeting 90%.

Debtors of the bankrupt cryptocurrency exchange FTX have launched legal action against the parents of FTX founder Sam “SBF” Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business.

The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a new trial, despite a prosecution witness having perjured themselves in the trial against him in 2019.

The United States Securities and Exchange Commission (SEC) has failed to win immediate access to Binance.US's software in a Sept. 18 hearing, with the judge saying he isn't “inclined to allow the inspection at this time.”