SEC vs. Ripple: Huge win for crypto
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market.
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Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.
Marathon shareholders file lawsuit against company’s top management
The CEO and other top executives are accused of a breach of fiduciary duties, unjust enrichment and wasting corporate assets.
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.
Thodex CEO sentenced to Turkish prison for failure to submit tax documents
Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevented him from presenting the requested books.
SEC v. Ripple referred to judge who ordered release of ‘Hinman Documents’
Judge Analisa Torres has sent the remaining issues in the SEC v. Ripple case to Magistrate Judge Sarah Netburn.
Ripple CLO says court ruling could encourage banks to adopt XRP: Report
A July 13 court ruling in Ripple’s legal battle with the SEC suggested XRP may not necessarily be a security, a decision which has already made significant waves in the…
BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing
Crypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when the firm filed for bankruptcy in November 2022.
US SEC files lawsuit against Celsius and Alex Mashinsky: Report
Last week, a separate U.S regulator, the CFTC reportedly found that Celsius and Alex Mashinsky broke several regulations before the collapse in 2022.
FTX claims portal becomes unavailable shortly after going live
Users affected by the bankruptcy of FTX or certain subsidiaries have the option of filing a proof-of-claim through Kroll’s online customer form or via U.S. mail.
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