News with the tag "LEGAL"

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 US Treasury Removes Tornado Cash From OFAC Sanctions List The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel l...

In a stunning development shaking the South Korean cryptocurrency landscape, Bithumb, a leading crypto exchange, has become the center of a high-stakes investigation. Seoul prosecutors have launched a raid on the exchange, acting on allegations of significant fund misuse by its former CEO. This move...

A South Korean court has jailed a teacher who stole money from students and their parents to “squander” on crypto purchases. Per the South Korean media outlets Jeju Sori and Newsis , the a branch of the Jeju District Court, on the island province of Jeju, rejected an appeal from the teacher – unname...

This was announced by the CEO of the fintech company Brad Garlinghouse. The entrepreneur noted that the proceedings lasted more than four years. ”Reflecting today on what happened, it looks pretty clear to me that the case was doomed from the start. In many ways, this was the first major shot in the...

Pakistan is seriously considering the legalization of cryptocurrency, aiming to attract global investors and boost its economy. This potential move signals a significant shift in the nation’s approach to digital assets, reflecting a growing global trend. Driving Economic Growth Through Crypto The pr...

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the resolution. Ripple’s Legal Battle With SEC Over XRP Could Be Over in Days—If This Condition Is Met Legal expert Jeremy Hogan has we...

Eduardo Taiano, the Argentine prosecutor currently probing Milei and the Libra cooperators, has ordered the freezing of all LIBRA tokens involved in the case. Furthermore, the attorney is scrutinizing the activities of the addresses holding LIBRA that have also purchased other currencies. Argentine ...

Federal authorities move to return $8.2 million in seized cryptocurrency to victims of a widespread crypto fraud scheme that tricked investors through deceptive messages and fake platforms. FBI Seized $8.2M in Crypto—Now They’re Taking Action to Reimburse Victims Federal authorities are working to r...

In a significant win for the burgeoning cryptocurrency space, the ICON Foundation has emerged victorious in a legal dispute concerning exploited ICX tokens. This landmark ruling, delivered by the U.S. District Court for the Northern District of California, not only favors ICON but also establishes a...