Donald Trump says he helped make “NFTs hot again” and even dissed his own political rival’s unofficial meme coin — sending it and his respective meme coin soaring.
U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange.
Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin.
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.
One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in.
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.
The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S.
The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.
After a jury found Terraform Labs and Do Kwon liable for fraud in its case with the SEC, the commission filed a motion requesting $5.3 billion in disgorgement and civil penalties.
Judge Edgardo Ramos determined that Mark Scott was not “likely to flee or pose a danger to the safety of any other person or the community if allowed to remain on bail.”
Avi Eisenberg could face up to 20 years in prison after a conviction of wire fraud, commodities fraud and commodities manipulation related to a $110 million Mango Markets exploit.
Avi Eisenberg could face up to 20 years in prison if found guilty of commodities fraud and manipulation related to his alleged October 2022 exploit of Mango Markets.
An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company McGrathNicol.
Judge Lewis Kaplan said at a March 28 sentencing hearing that the former FTX CEO would serve his time at a medium- or low-security prison in the San Francisco Bay Area.
The Blockchain Association, Coin Center and DeFi Education Fund supported a motion for the U.S. government to dismiss charges against Roman Storm.
The civil trial between the U.S. Securities and Exchange Commission and Terraform Labs entered its tenth day without the attendance of Do Kwon.
SBF became the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
Prosecutors purportedly plan to confiscate the Terraform Labs co-founder’s South Korean passport, though he allegedly used a forged Costa Rican passport in Montenegro in 2023.
The U.S. Marshals Service has custody of a Bombardier Global tied to FTX, and prosecutors are seeking to transport an Embraer Legacy aircraft to Florida to begin sales proceedings.
Prosecutors in Montenegro suggested that the country’s Supreme Court could issue a verdict that would change an earlier decision on Do Kwon’s extradition to South Korea.
London-based Attestor has filed a lawsuit against FTX claims seller Lemma after making a 200% profit on the purchased FTX claims stash.
A judge has ruled definitively that Craig Wright is not the pseudonymous creator of Bitcoin, dealing a blow to his claims of ownership over the currency’s intellectual property.
An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday.
The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.
While some lawsuits cater to individuals who suffered losses, others claim that all shareholders who purchased stocks during the timeframe are entitled to compensation.
A deposition from Binance.US' chief operating officer claims the SEC’s suit last year caused banks to pull support from the exchange, “effectively choking the business.”
Coinbase lawyers have requested that a U.S. court throw out a previous default judgment that deemed the secondary sales of crypto assets as “securities transactions.”