News with the tag "SDNY"

The U.S. Court of Appeals for the Second Circuit issued a ruling on Wednesday largely agreeing with a lower court’s 2023 decision to toss out a class action suit against decentralized exchange Uniswap. A group of investors originally sued Uniswap Labs, the company behind the decentralized protocol o...

U.S. authorities have seized about $31 million in crypto tied to the 2021 hack of Uranium Finance, according to a Monday X post from the Southern District of New York (SDNY). According to the post, the seizure was the result of a joint effort between SDNY and Homeland Security Investigations (HSI) i...

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....

Memecoin generator Pump.fun was hit with another proposed class action lawsuit on Thursday, accusing the company and its executives of raking in nearly $500 million in fees while violating U.S. securities laws. The suit, filed in the Southern District of New York (SDNY), hinges on the crypto industr...

President-elect Donald Trump said former Securities and Exchange Commission Chair Jay Clayton would be his U.S. Attorney for the Southern District of New York, heading up the state's Department of Justice branch.

In the latest development in the ongoing prosecution of Tornado Cash co-founder Roman Storm, the presiding judge has adjourned the much-awaited trial until April 2025. This decision will see the money laundering and sanctions violations charges against the crypto developer drag on for at least the n...

Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets' insurance fund to ensure users retained their money.

FTX's victims are seeking a court hearing to rule on their claim that all the failed crypto exchange's forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.

Evolved apes was a $3 million NFT rug pull that lured investors in with the promise of developing a video game.

The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."