FTX Seeks Court Approval to Wipe Out US IRS’s $24B Claim
The bankrupt estate of FTX has made a bold move to challenge the United States Internal Revenue Service (IRS), seeking court approval to reduce a $24 billion claim against it…
Auto Added by WPeMatico
Genesis And DCG Strike Repayment Deal
The legal battle between Genesis and its parent company, DCG – which also owns multiple other crypto-related ventures, seems to be coming to an end. Yesterday, a deal was struck…
Atletico Madrid to Sue WhaleFin for $44M in Unpaid Sponsorship Fees: Report
The renowned Spanish football club Atletico Madrid is reportedly gearing up to take legal action against WhaleFin, a Singapore-based cryptocurrency exchange. The dispute centers around a breach of contract involving…
SBF Learns The Ropes of a New Financial System Involving Mackerel
Sam Bankman-Fried, who was convicted by a jury after only a few hours of deliberation, is currently waiting for his indictment in a cell at the MDC. Adjusting to a…
Genesis Files $689 Million Lawsuit Against Gemini to Recover ‘Preferential Transfers’
Genesis Global Capital, a cryptocurrency lender, has filed a lawsuit against its former business partner, Gemini Trust, seeking the recovery of over $689 million. The court filing, made late on…
Bithumb’s Former Chairman Could Face 8 Years in Prison: Report
In a high-profile case in South Korea’s cryptocurrency market, prosecutors have requested an eight-year prison term for Lee Jung-hoon, former chairman of Bithumb, the country’s second-largest crypto exchange. The appeal…
US Authorities Seize $54 Million in Crypto From New Jersey Narcotics Ring
New Jersey’s U.S. Attorney’s Office has filed a civil forfeiture action against Christopher Castelluzzo and two other members of an unnamed drug trafficking group based in New Jersey. According to…
Potential Implication of SBF Verdict on Crypto Leaders
The recent conviction of Sam Bankman-Fried (SBF) marks a pivotal moment in the cryptocurrency industry, carrying significant implications for its leaders and stakeholders. As the founder of the now-defunct FTX…
SafeMoon CEO Bail Approved, Then Halted
SafeMoon, a project whose goal was to “safely” moon a token – mostly by preventing holders from cashing out with large fees – plummeted once investors found out that the…
Oyster Protocol Founder Receives Four-Year Sentence for Tax Evasion
Amir Bruno Elmaani, famously known in the cryptocurrency world as “Bruno Block” and the founder of the Oyster Protocol has been sentenced to four years in prison for tax offenses…