Court Financial News

The co-founders of blockchain gaming platform Gala Games have locked horns in court over two separate lawsuits, one alleging the theft of $130 million worth of Gala (GALA) and the other alleging corporate waste.

Matter Labs co-founder and CEO Alex Gluchowski has proposed an Ethereum court system resembling a hierarchical court system similar to the real world.

FTX Debtors have disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022.

Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal.

A People’s Court in China has stated that under the existing legal framework, digital assets have economic value and are still legal property backed by law.

As the start date of the trial of FTX co-founder Sam Bankman-Fried (SBF) approaches, new court filings indicate that SBF could pay his expert witnesses more than $1000 an hour should they testify on his behalf.

There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.

A United States District Court judge has called Ether (ETH) a commodity in her dismissal of a class action lawsuit against the decentralized exchange Uniswap.

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have reportedly not asked for a different trial date in order to prepare, but a federal judge has offered a limited window to do so.

The lenders of the bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties including the Digital Currency Group (DCG).

Defunct crypto lending firm BlockFi has applied to a court to request the transfer of “trade-only” assets from its users’ accounts into stablecoins so the individuals could withdraw them. The request marks another step toward the return of users’ funds, a process that the company began in August. 

COVID-19 pandemic.In the spring of 2021, Alberta Health Services said it received hundreds of complaints about the Whistle Stop Café in Mirror, Alta., with people telling the health authority it had not been complying with pandemic health restrictions.When health officials closed owner Christopher Scott’s diner, an anti-lockdown rally was held in support of the business owner, attracting hundreds of people.On Tuesday, Scott’s lawyer, Chad Williamson, told Global News that his client was acquitted of all charges.The acquittal came less than four weeks after a Court of King’s Bench of Alberta ruling found that provincial cabinet and government committees making final decisions about orders during the COVID-19 pandemic, instead of the chief medical officer of health herself, violated the Public Health Act.

The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is requesting the court grant a motion to allow documents filed under seal.

The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses for Sam “SBF” Bankman-Fried banned from testifying in court. 

Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an agreement in principle with creditors of its crypto lending subsidiary, Genesis.

Lawyers representing Sam Bankman-Fried, or SBF, have filed an appeal claiming the former FTX CEO’s bail was revoked “in retaliation for him exercising his First Amendment rights” and not witness tampering as alleged.

A federal judge will hear Sam Bankman-Fried's defense argument against a newly released batch of evidence provided by the U.S. Department of Justice (DoJ) on Aug. 25. According to Bankman-Fried's attorneys, an additional 4 million pages of discovery were released less than six weeks before his trial, scheduled for October 3. 

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary accommodations” offered by authorities were insufficient in order for him to prepare for his criminal trial in October.

Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security. 

Vauld, a Singapore-based crypto exchange that has been in ongoing bankruptcy proceedings since August 2022, has said that it had received permission from the court to restructure its board. The new top management will lead the company’s bailout process. 

Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash who was arrested on money-laundering and other charges on Aug. 23,  was released on bail soon after he was detained by the United States’ Department of Justice (DOJ), his lawyer said.