Lawsuit

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BlockFi Sues Ex FTX CEO Bankman-Fried Over shares in Investment Company Robinhood.

BlockFi launches lawsuit against SBF shell company in a bid to enforce their previous agreement.

Bahamas Supreme Court Authorizes Liquidators For FTX Assets

The Bahamian Supreme Court has approved two insolvency experts from Pricewaterhouse Coopers (PwC) to act as joint provisional liquidators overseeing FTX assets. The Commission continues its investigation and is ready to help the police if needed.

China Owns $3.9B Bitcoin Worth Despite Its Anti-Crypto Stance

The Chinese government has been known for its anti-crypto stance and clampdowns. However, it owns $6B worth of cryptocurrencies, including $3.9 billion worth of Bitcoin, $1.2 billion worth of Ethereum, and other cryptos.

Aggrieved TerraUSD Investors Sue Do Kwon For $57 Million in Fresh Fraud Lawsuit

Do Kwon, and Terra’s founding member, Nicholas Platias, are currently facing a new $57 million lawsuit filed by 359 aggrieved investors in Singapore. This is an addition to the numerous legal battles he is facing.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

XRP Price Surges By 11% As Court Overrules SEC's Objections

XRP witnessed an uptrend in its pricing after Analisa Torres overruled the SEC's objections in its ongoing case against Ripple Labs.

U.S. Regulators Sue Nexo For Failing To Register Yield Product

Regulators from eight states, including California, filed a lawsuit against Nexo for not registering its “Earn Interest Product,” citing that Nexo’s offerings need to be treated as securities. 

CFTC Sues bZeroX Over Illegal Trading Of Digital Assets

The Commodity Futures Trading Commission (CFTC) imposed a $250k penalty against bZeroX and its founders Tom Bean and Kyle Kistner over the platform’s illegal operations.

Court Orders Stablecoin Issuer Tether To Prove USDT Backing

US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.

Ripple CEO Claims SEC Is Not Interested In Applying The Law

Ripple Labs Inc. filed the motion for a summary judgment earlier today, with Brad Garlinghouse slamming the SEC by claiming it is only concerned with expanding its jurisdiction beyond securities.

SEC Sues Crypto Companies for Fund Mismanagement

The SEC has been going after bad crypto actors recently. In their recent action, they sued two crypto firms and their owner for using their investors’ funds in Ponzi-like schemes.

Crypto Investors File A Lawsuit Against US Treasury Over Tornado Cash Sanctions

Six plaintiffs filed a lawsuit against the US Department of Treasury’s Secretary Jannet Yellen and other officials over the agency’s decision to sanction Tornado Cash and its services.

Coinberry Sues Users After Losing 120 BTC Due To A Software Glitch

Coinberry filed a lawsuit against 50 users who exploited a vulnerability in its software to drain $3M worth of Bitcoin assets.

TerraForm Labs CEO Slapped With Fresh Lawsuits On Counts Of Terra Token’s False Promotion

Do Kwon and other entities are facing new class action suits for their involvement in LUNA promotion. The complainants believe that LUNA was run like a Ponzi scheme, leading to its crash.

FSS Identifies Suspicious Transactions Worth $1B From Undisclosed Crypto Exchange

South Korea’s Financial Supervisory Service discovers a series of suspicious transfers worth $1B following a recent probe.

Crypto Industry Eyes SEC's Recent Regulatory Actions To Stamp Its Authority

The US SEC has turned up its regulation heat in recent weeks in a bid to curb fraudulent activities in the crypto space.

Polychain Capital Initiates A Legal Battle With Shipyard Software To Get Back Its Investment

Polychain Capital is suing the DEX Maker over unissued shares and is requesting its investment back.