Legal Financial News
02.06 / 12:45
NFT
Non-fungible tokens
Legal
'NFTs May Be New, but This Criminal Scheme Isn't': Ex-OpenSea Head Arrested for NFT Insider Trading
Nathaniel Chastain, former Head of Product at OpenSea, the largest non-fungible token (NFT) marketplace, has been arrested and charged with wire fraud and money laundering in connection with insider trading in NFTs.
31.05 / 20:25
Legal
Terra
Mystery South Korean Company that ‘Worked on Terra Network’ Faces Media Scrutiny
South Korean media outlets say they have unearthed evidence that a blockchain firm based in Seoul has a close relationship with Terraform Labs – and may have been developing for the Terra network under the radar. But the plot may already have thickened – with allegations that the National Tax Service (NTS) found evidence of a “suspicious flow of transactions” between the firm and Terraform Labs when it investigated the firms last year.
27.05 / 13:29
Crime
Hack
Legal
MetaMask
MetaMask Aims to Help Crypto Scam & Phishing Victims Take Legal Action Against Fraudsters
The browser-based crypto wallet provider MetaMask has announced that it will attempt to aid users who fall prey to crypto-related scams and phishing attacks in their quests to recoup lost or stolen assets.
21.05 / 10:01
Exchange
Legal
BitMEX
Arthur Hayes
Prison
BitMEX Co-founder Arthur Hayes Spared from Prison
In the US, BitMEX co-founder and former CEO Arthur Hayes was sentenced to two years’ probation and will spend the first six months of his sentence in home confinement.
20.05 / 10:39
Altcoins
Legal
Terra
South Korean Government, Prosecution Turn up the Heat on Do Kwon and Terraform
South Korean lawmakers and financial regulators are taking aim at Do Kwon (full name Kwon Do-hyeong) and his firm Terraform Labs.
18.05 / 19:41
Altcoins
Investing
Legal
Terra
Legal Storm Brewing for Terra's Do Kwon & Co as ‘Hundreds’ of Investors Ready Complaints
Another headache appears to be incoming for Do Kwon (full name Kwon Do-hyeong) and his company Terraform Labs – with investors in South Korea ready to wage a legal battle against the CEO.
13.05 / 16:31
Stablecoin
coinbase
Legal
Terra
NOT
Coinbase Sued Over Collapsed Stablecoin, but It's Not UST (Yet)
At a time when the third-largest stablecoin, terraUSD (UST) collapsed, a group of Coinbase’s clients are suing the crypto exchange over its alleged role in the promotion and trading of GYEN, another stablecoin the plaintiffs claim brought them millions of dollars in losses.
13.05 / 10:39
Altcoins
Legal
Terra
It's Getting Personal - 'Broke' LUNA Investor Comes to Do Kwon’s House, Plans to Surrender to Police
A furious terra (LUNA) investor appears to have come knocking at the door of the Terra mastermind Do Kwon (also known as Kwon Do-hyeong) looking for answers after the token spectacularly collapsed. South Korean police are hunting for an unidentified person who reportedly broke into the apartment complex in which Kwon resides and rang the doorbell – but a social media star says it was him.
12.05 / 04:31
cryptocurrency
Exchange
Legal
Support
South Korean Court Gains Support from Exchanges in Bid to Include Crypto in Bankruptcy Cases
South Korea’s judiciary is set to include crypto holdings in lists of debtors’ assets in bankruptcy cases – and the nation’s leading crypto exchanges have agreed to cooperate with courts on the matter.
06.05 / 11:09
Exchange
Legal
BitMEX
Court Hands BitMEX Founders USD 30m in Fines for AML Violations
A New York court has ordered the three former masterminds of the BitMEX crypto exchange to fork out a combined USD 30m in “civil monetary penalties.”
05.05 / 14:01
Ripple
SEC
Legal
Survey
XRP Could Jump Fourfold if Ripple Wins Against SEC - Survey
The price of Ripple-affiliated XRP could be worth as much as USD 2.55 by the end of the year, provided Ripple wins its ongoing court battle with the US Securities and Exchange Commission (SEC), according to the average forecast by a panel of experts surveyed by comparison website Finder.com.
05.05 / 11:05
Legal
BitMEX
Arthur Hayes
Jail
Time
Ex-BitMEX Chief Arthur Hayes Wants Court to Excuse Him Jail Time
The co-founder and ex-CEO of the BitMEX crypto exchange Arthur Hayes has asked a court not to give him jail time for failing to create an anti-money-laundering network on the platform – and has claimed that he will not repeat his crimes. Hayes has also sought permission to live abroad and travel freely.
26.04 / 13:43
Blockchain
NFT
Legal
Sandbox
Can You Truly Own Anything in the Metaverse? Blockchains and NFTs Don’t Protect Virtual Property
João Marinotti, Associate Professor of Law, the Indiana University.______
18.04 / 14:25
Ethereum
Legal
Jail
Five-year Jail Term: Has Virgil Griffith Become Ethereum’s Ross Ulbricht?
Locking up crypto developers who stray into murky legal waters may become a more everyday occurrence in the years to come.
15.04 / 18:19
13.04 / 13:55
Ethereum
Ripple
SEC
Legal
Lukewarm Reaction from XRP as Ripple Claims Another ‘Big Win’ Against the US SEC
The price of XRP, the coin associated with the American fintech firm Ripple, rose modestly today after news of what one lawyer called “a very big win for Ripple” in an ongoing court battle against the US Securities and Exchange Commission (SEC).
11.04 / 11:57
Legal
Bitcoin
Craig Wright May Need to Go Back to Court to Fight Ira Kleiman Once Again
The Australian computer scientist Craig Wright may have to return to court to defend claims that he did not steal bitcoin (BTC) holdings from his former friend/partner Dave Kleiman, who died in 2013.
01.04 / 19:25
Blockchain
Legal
G7
Galaxy Digital
Ukraine Sells 1,282 War-Themed NFTs in One Day, G7 & Crypto Regulation, Metaverse Potential + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____
01.04 / 11:17
Binance
Altcoins
Legal
Binance Wins Day in Court, US Judge Dismisses Lawsuit
Major crypto exchange Binance won a battle in court on Thursday.
28.03 / 13:15
Career
Legal
Tax
Bitcoin
10 Non-Crypto Ways to Make Money in Crypto
The cryptoverse offers a wide variety of ways to earn an income. From mining and staking to yield farming and selling NFTs, there’s seemingly something for anyone tech-savvy enough to make crypto work for them.
24.03 / 13:01
Ethereum
Legal
Prosecutors: Ethereum Foundation Knew About Virgil Griffith’s North Korea Intentions
American prosecutors have told a court that the Ethereum Foundation, the body that governs the Ethereum (ETH) blockchain network, “initially indulged” the foundation’s Virgil Griffith – the man whom the FBI says “illegally engaged” with North Korea in 2019.
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