BlockFi asks court for permission to convert trade-only assets into stablecoins
The bankrupt crypto lender’s request marks another step toward the return of users’ funds, which the company began in August.
Auto Added by WPeMatico
The bankrupt crypto lender’s request marks another step toward the return of users’ funds, which the company began in August.
According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret.
In a new motion submitted to New York courts, the U.S. Department of Justice wants to exclude all of Sam Bankman Fried’s expert witnesses from testifying on the case.
Lawyers questioned a judge’s decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was “protected First Amendment activity.”
Judge Lewis Kaplan ordered the government to respond to Bankman-Fried's counsel concerning appropriate access to discovery materials, as well as a request barring prosecutors from using new evidence.
The U.S. Justice Department has produced “millions of pages of documents" related to SBF's criminal case, which his lawyers claimed was too much to access from jail before trial.
The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case.
Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022.
Roman Storm’s lawyer Brian Klein said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the charges related to money-laundering and other alleged…
Attorneys Pascale Guerrier, Richard Best and Robert MacDonald Moye representing the U.S. SEC in its ongoing lawsuit against Ripple have withdrawn from the case.