News with the tag "Court"

A federal court has ordered the recovery of over $2.3 million after a fraudulent digital asset scheme tricked investors with fake trading accounts and stole their funds. Fake Trading Platform Busted: Court Orders Fraudsters to Repay Victims A federal court has ordered the recovery of nearly $2.3 mil...

Bitcoin Magazine Samourai Wallet Developers Appear Together In Court At Fourth Pre-Trial Hearing Today, the fourth pre-trial hearing for the United States’ case against the Samourai Wallet developers took place in the Southern District of New York. I attended the most recent status conference for th...

The saga surrounding Do Kwon and the catastrophic TerraUSD collapse continues to unfold, but at a slightly slower pace. In a recent development, the U.S. court case against the former CEO of Terraform Labs has been delayed, injecting more suspense into an already gripping narrative. If you’ve been f...

Coinbase has been freed from its protracted legal battle with the U.S. Securities and Exchange Commission as the agency agreed to drop the case that's been among the industry's core fights in federal court. Though the SEC's intention to agree to shut down the legal dispute had already gone public wh...

China’s judiciary authorities are taking significant steps to address the legal complexities surrounding cryptocurrency cases. Despite maintaining a stringent ban on crypto trading and mining on the mainland, the country’s top judicial and academic institutions are now intensifying research into how...

Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization Efforts Russia’s Supreme Court has taken an increasingl...

Already losing its legal fight with the crypto industry over a rule that would have expanded the definition of regulated securities dealers to include a wide array of digital assets operations, the U.S. Securities and Exchange Commission has given up its appeal . The SEC has been in reset mode on it...

A federal court has outlined just how extensive Sam Bankman-Fried's assets were before the young CEO of FTX was tried and imprisoned for fraud , and the government swooped in to seize roughly $1 billion in financial assets and two aircraft. The final order of forfeiture issued on Tuesday by the U.S....

A Florida man must repay over $7.6 million after deceiving investors with a fake cryptocurrency, using their funds for luxury goods instead of promised assets. Cryptocurrency Fraudster Ordered to Repay Millions A federal court has ruled that Randall Crater of Heathrow, Florida, must pay more than $7...

Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty” of all charges on his first trial. Kim was accused of misrepor...