News with the tag "Court Cases"

Alex Mashinsky, the founder and former CEO of collapsed crypto lender Celsius Network, faces the prospect of spending the next two decades behind bars if the U.S. Department of Justice's sentencing memo request is granted. In the memo filed late Monday, the DOJ urged the court to impose a 20-year pr...

The U.S. Securities and Exchange Commission's top lawyer, General Counsel Megan Barbero, will step away next week , joining the exodus of top agency officials who had been responsible for the SEC's legal battles with the crypto industry in recent years. "Her measured advice and judgment have been cr...

The crypto industry's most notorious rapper, Heather Morgan – more widely known as Razzlekhan – released a new music video as U.S. authorities stand ready to imprison her for criminally laundering portions of the crypto loot her husband was convicted of pilfering from Bitfinex. In the song, 'Razzlek...

Do Kwon, founder of the failed Terra Luna crypto ecosystem, pleaded not guilty to charges of fraud following his Dec. 31 extradition to the U.S., Reuters reported on Thursday. Kwon's Terraform Labs developed the luna cryptocurrency and algorithmic stablecoin terraUSD, which collapsed in 2022 with th...

Craig Wright, who falsely claimed to be Satoshi Nakamoto, the pseudonymous creator of bitcoin, is in court again. This time, the Crypto Open Patent Alliances is arguing Wright's attempt to sue for 900 million pounds ($1.1 billion) over intellectual property rights related to the Bitcoin system in Oc...

Crypto banking activity was paused or prevented by the Federal Deposit Insurance Corp. at a large number of U.S. banks in 2022, according to communications pried loose by a research firm hired by Coinbase Inc. (COIN). Coinbase's hired help, History Associates Inc., had taken the FDIC and the Securit...

A Texas federal court has rejected the U.S. Securities and Exchange Commission's recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector. This adds a significant legal loss to the crypto legacy of SEC Chair Gary Gens...

Daren Li oversaw the transfer of more than $73 million away from crypto scam victims to wallets he and his co-conspirators controlled.

The executive was taken to hospital; his injuries were not life threatening.

The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner.