News with the tag "Lawsuit"

In a recent development, the U.S. Securities and Exchange Commission and Ripple Labs Inc. filed a joint letter with Judge Analisa Torres in the Southern District of New York, formally requesting an indicative ruling that would dissolve the injunction imposed on Ripple and release the funds held in e...

Crypto commentator All Things XRP has highlighted what they describe as a critical but underreported aspect of the U.S. Securities and Exchange Commission’s recent settlement with Ripple . In a post shared on X, the analyst argues that the true significance of the settlement is not the $50 million p...

The U.S. Securities and Exchange Commission has filed a motion seeking court approval for a settlement with Ripple Labs, even as one SEC commissioner opposes the move over investor protection concerns. According to the May 8 court SEC filing , both Ripple and the SEC have agreed to withdraw their re...

The cryptocurrency world is buzzing with a major development: the long-standing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs appears to be finally concluding. This significant event, centered around the status of XRP, brings a degree of closure to a case tha...

In a development that was publicly highlighted today by crypto influencer Amelie, the U.S. Securities and Exchange Commission (SEC) has jointly submitted a letter with Ripple Labs Inc. to the United States District Court for the Southern District of New York, formally requesting an indicative ruling...

The world of cryptocurrency regulation is constantly evolving, and sometimes, we see unexpected twists. A recent development suggests a significant shift in the legal challenges facing a prominent crypto privacy tool. Reports indicate that the New York AG might be considering a pivotal move regardin...

Federal prosecutors have asked a judge to sentence former Celsius Network CEO Alex Mashinsky to at least 20 years in prison for orchestrating a multiyear fraud that caused over $550 million in losses to cryptocurrency investors. Mashinsky’s $48M Gain from Celsius Collapse Demands 20 Years, Prosecuto...

Defunct exchange FTX has filed a lawsuit against digital collectible marketplace NFT Stars and Kurosemi, the company behind the gaming platform Delysium, over a dispute involving undelivered tokens. The FTX lawsuit claims both firms breached their investment agreements by allegedly failing to delive...

The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing the estate of the collapsed cryptocurrency exchange FTX announced on April 28 that it is commencing...

FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the FTX estate. The action was announced in an Apr. 28 press release. The complaints, filed in a Delawar...