Terraform Labs Sold Unregistered Securities, Says Judge
Earlier this year, the SEC’s crusade against cryptocurrencies seemed to be coming to a head after Judge Analisa Torres sided mostly in favor of Ripple, who ruled that XRP is,…
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RenrenBit Founder Sentenced in Prison as China Cracks Down on Crypto Activities
China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison…
Sanctioned Russian Banker Dumps £15m Worth of Shares in UK Crypto Company
Mikhail Klyukin, a Russian banker sanctioned by the White House in March 2022, sold more than £15m in shares of UK-based cryptocurrency firm Copper Technologies. The firm, chaired by former…
US Appeals Court Finalizes Forfeiture of Silk Road Bitcoins
A U.S. appeals court has issued a mandate that formalizes the forfeiture of 69,370 Bitcoins and other cryptocurrencies linked to the now-defunct Silk Road dark web market. The ruling, confirming…
Three Arrows Capital Founders Face $1 Billion Asset Freeze
A British Virgin Islands (BVI) court has issued a freezing order on approximately $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a once-renowned cryptocurrency hedge…
Judge Rules DCG Must Hold on to Genesis Until Bankruptcy Proceedings Conclude
Genesis, a bankrupt crypto lender, has successfully won a legal bid to prevent its parent company, Digital Currency Group (DCG), from selling or diminishing its ownership stake in the firm…
3AC Co-Founder Zhu Set to Be Released Following Questioning in Singapore
Su Zhu, the co-founder of Three Arrows Capital, is expected to be released this month based on standard provisions for good behavior. The development follows a two-day court hearing in…
Binance Disputes SEC’s Use of DOJ and FinCEN Settlement in Ongoing Legal Battle
In the ongoing legal dispute between Binance Holdings and the U.S. Securities and Exchange Commission (SEC), the former has filed a new submission to the U.S. District Court for the…
SBF’s Lawyer Reveals FTX Trial Defense Struggles and Frustrations
The legal defense head, David Mills, representing Sam Bankman-Fried in the FTX fraud trial, has openly expressed frustration and disappointment, labeling SBF as the most challenging witness he has encountered.…
IRS $24 Billion Tax Bill Could Wipe Out FTX Recovery, Will Be Disputed Today
Once SBF stepped down, the new leadership of FTX scoured the bankrupt exchange’s databases, looking for misplaced and poorly labeled assets. Months later, John J Ray III and his team…