Law Financial News

02.10 / 22:27

Law regulation Investments Court Terra Investors drop class-action lawsuit against Terraform Labs and Do Kwon

A group of investors behind a class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations have dropped the case.

02.10 / 05:53

business Law regulation FTX Court Bankruptcy Effective altruism fueled SBF’s ‘ridiculous’ actions at FTX: Ex-Alameda engineer

Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research.

01.10 / 07:35

Law regulation Fraud FTX DOJ readies witnesses in Bankman-Fried trial, spotlight on FTX assets

The Department of Justice (DOJ) has affirmed its plan to summon former FTX clients, investors, and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX executive. This will shed light on how these individuals viewed their interactions with Bankman-Fried and his company.

01.10 / 03:29

Law regulation FTX Court SEC initiates legal action against FTX's auditor

The United States Securities and Exchange Commission (SEC) has commenced legal proceedings against an accounting firm that had provided services to cryptocurrency exchange FTX prior to its bankruptcy declaration.

30.09 / 08:11

Law regulation Fraud FTX Court Sam Sam Bankman-Fried’s lawyer challenges US gov’t proposed jury questions

The lawyer representing Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX, has claimed that the proposed jury questions for the upcoming fraud trial will elicit biased responses.

30.09 / 08:11

Blockchain Law Stablecoin Binance regulation SEC Paradigm accuses SEC of bypassing rules in Binance lawsuit

Venture capital firm Paradigm has criticized the United States Securities and Exchange Commission (SEC) for bypassing the standard rulemaking procedures in its current legal action against the cryptocurrency exchange Binance.

29.09 / 13:11

business Government Law regulation us government Court FTX’s $3.4B crypto liquidation: What it means for crypto markets

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.

28.09 / 01:33

Law regulation SEC LUNC Terra Extradition Do Kwon says SEC's extradition request is impossible

Lawyers for Terraform Labs co-founder Do Kwon have requested a federal court to reject the United States Securities and Exchange Commission’s (SEC’s) request to question him in the U.S. over the collapse of the Terra Money ecosystem.

27.09 / 04:11

business Law fines Ben Armstrong spends night in jail with prowling, simple assault charges

Crypto influencer Ben Armstrong, formerly known as ‘BitBoy,’ reportedly spent the night in the slammer and has been hit with two charges following his conspicuous arrest.

27.09 / 02:39

business Law regulation Fraud FTX Court Fried Sam Sam Bankman-Fried's political donations can be surfaced in trial, rules judge

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.

26.09 / 06:29

business Law YouTube LAMBO Ben 'Bitboy' Armstrong arrested on livestream over Lambo dispute

Crypto influencer Ben Armstrong, previously known as BitBoy, has reportedly been arrested while live-streaming outside the house of a former business associate, who he alleges is in possession of his Lamborghini.

26.09 / 02:09

business Law regulation Court Bankruptcy reorganization Celsius creditors vote in favor of reorganization plan

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.

25.09 / 13:27

business Government Law Binance Investments SEC Binance exit aftershock: Can one resignation tip the crypto trust scales?

On Sept. 13, news broke of yet another high-level executive parting ways with Binance.US.

25.09 / 04:37

business Law regulation HK HK regulator vows to intensify crackdown on unregistered crypto platforms

Hong Kong's financial regulator, the Securities and Futures Commission (SFC) has vowed to step up its efforts to combat unregulated cryptocurrency trading platforms in its jurisdiction

25.09 / 02:49

business Law regulation crimes JPEX scandal JPEX scandal masterminds still at large as 11 suspects taken into custody: Report

The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people already being taken in for questioning in relation to the case.

24.09 / 04:31

Law regulation Fraud FTX Court Bankruptcy FTX's former external legal team disputes involvement in fraud allegations

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.

23.09 / 08:15

Law Art NFT Television Fox Nifty News: Murakami to step back from NFTs, Dan Harmon’s NFT show debut and more

Acclaimed Japanese contemporary artist Takashi Murakami says he may not release any more nonfungible tokens (NFTs) moving forward after first jumping into the market in late 2021.

22.09 / 22:17

Law regulation SEC security US regulators How are crypto firms responding to US regulators' enforcement actions?

United States regulators including the Securities and Exchange Commission (SEC) have ongoing civil cases against major cryptocurrency firms including Binance, Coinbase, and Ripple, but not every company has been subject to the same treatment.

22.09 / 01:15

business Law Binance regulation Court Binance and CEO Chanpgeng Zhao asks court to dismiss SEC suit

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.

21.09 / 15:03

Government Law Adoption regulation SEC Federal Reserve Redefining Money: America’s digital currency dilemma

On Wednesday, Sept. 20, the United States House Financial Services Committee marked up two bills to curb the issuance of a central bank digital currency (CBDC). One of the bills would stop the Federal Reserve from running any test programs on CBDCs without congressional approval, while the other would stop federal banks from using CBDCs for some services and products.

20.09 / 14:11

Law Microsoft copyrights Intellectual Property OpenAI The Author’s Guild launches class-action lawsuit against OpenAI

The Author’s Guild in the United States opened a class-action lawsuit against the Microsoft-backed OpenAI on Sept. 19 due to its alleged misuse of copyrighted material in the training of its artificial intelligence (AI) models.

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