News with the tag "lawsuits"

Efforts to recover assets and increase repayment amounts for creditors of the collapsed cryptocurrency exchange FTX are intensifying. A series of new lawsuits have been filed as part of the ongoing bankruptcy proceedings. Targeting Insider Transactions and Transfers These legal actions primarily tar...

Gotbit founder Aleksei Andriunin struck a plea deal with U.S. prosecutors on Wednesday that will see him serve no more than 24 months behind bars for his role in what prosecutors described as a “wide-ranging conspiracy” to manipulate token prices for paying clients. Andriunin, a 26-year-old Russian ...

Coinbase filed a Freedom of Information Act (FOIA) request to seek information on the Securities and Exchange Commission (SEC)’s spending on enforcement actions against crypto firms during the Biden Administration. Coinbase Seeks Details On SEC’s Crypto War Cost On Monday, Paul Grewal, Coinbase’s Ch...

In a groundbreaking decision that’s sending ripples through the tech and legal worlds, a U.S. federal judge has delivered the first major AI copyright ruling. This verdict could be a game-changer for ongoing AI lawsuits and how intellectual property (IP) law is applied to artificial intelligence. Fo...

Jesse Powell, the co-founder of cryptocurrency exchange Kraken, has sued a San Francisco luxury co-op. He claims the board blocked his attempt to buy a home because of his connections to the crypto industry and political beliefs. Details of the Lawsuit Powell’s lawsuit, filed in San Francisco Superi...

Tesla CEO Elon Musk is often associated with Dogecoin after the businessman mentioned the memecoin on various channels in 2021.

A group of state attorneys general and the DeFi Education Fund filed a lawsuit against the U.S. Securities and Exchange Commission and its five commissioners alleging the regulatory agency was overstepping its bounds in bringing enforcement actions against crypto exchanges.

Three Arrows Capital liquidators seek to revise their claim against FTX from $120 million to $1.53 billion, citing improper liquidation of 3AC assets.

The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent.

The suit also links him to organized crime in Eastern Europe and terrorist groups.