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Santander Bank Not Liable for Customer’s 0K Crypto Loss, Court Confirms

Santander Bank Not Liable for Customer’s $750K Crypto Loss, Court Confirms

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A $750,000 crypto fraud lawsuit just hit a wall as the court ruled Santander had zero legal duty to stop authorized transactions, despite scam claims. Court Shuts Down $750K Crypto Lawsuit Against Santander Over Fraud Losses The Massachusetts Appeals Court, in an unpublished decision, affirmed on April 18 the dismissal of a lawsuit brought by […]

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Arizona’s Bitcoin Reserve Bill Might Face Veto Near Approval

Leave a Comment / Asset Protection, Government, Legal / best time

Arizona is on the cusp of becoming the first state to have a government-backed bitcoin reserve. State Bill 1373, also known as the Strategic Digital Assets Reserve Bill, has cleared the Arizona House and is now one vote away from heading to Governor Katie Hobbs’ desk. The governor, however, said she will veto all the

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Coinbase Clashes With Oregon in Surprise Crypto Lawsuit After SEC Exit

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Coinbase is going on the offensive as Oregon revives a discredited crypto crackdown, slamming the state’s lawsuit as politically driven and dead-on-arrival in court. Coinbase Rips Into Oregon for Rehashing SEC’s Collapsed Crypto Regulation-by-Enforcement Crypto exchange Coinbase revealed on April 18 that it is facing a new securities enforcement action from Oregon’s Attorney General, a

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Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison

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The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified as the main operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from nearly 20,000 investors. Brazilian Crypto Ponzi Scheme Operators Receive Combined Sentences of Over 170 Years in Prison

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Entertainment Mogul David Geffen Countersues Justin Sun Over Disputed Multimillion-Dollar Sculpture

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Billionaire media mogul David Geffen has filed a countersuit against crypto entrepreneur Justin Sun, escalating a legal battle over the ownership of a multimillion-dollar sculpture by Alberto Giacometti. The dispute centers on “Le Nez,” a sculpture Geffen acquired in a 2022 deal valued at approximately $65 million in artwork and cash. Sun, the founder of

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Crypto Privacy Legalized? Tornado Cash and Samourai Cases Suggest Uncertainty Remains

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Bitcoin Magazine Crypto Privacy Legalized? Tornado Cash and Samourai Cases Suggest Uncertainty Remains Last week, Deputy Attorney General (DAG) Todd Blanche sent a memo to employees of the Department of Justice, directing the agency to stop prosecuting mixers, exchanges, and “offline wallets” for the criminal conduct of their users. Understandably, the community broke out in

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OFAC keeps developers in the crosshairs despite Tornado Cash delisting

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Developers and operators of decentralized privacy protocols remain exposed to potential US sanctions enforcement despite the Treasury Department’s Office of Foreign Assets Control (OFAC) removing Tornado Cash smart contracts from its sanctions in March. According to an April 15 report published by the DeFi Education Fund, while the Fifth Circuit Court of Appeals ruled that Tornado

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KiloEx Warns Hacker After M Exploit, Offers 10% Bounty or Legal Action

KiloEx Warns Hacker After $7M Exploit, Offers 10% Bounty or Legal Action

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Today, KiloEx, a decentralized exchange specializing in perpetual futures trading, publicly addressed the hacker responsible for a $7.5 million exploit. In a post shared on X, the KiloEx team delivered a stern ultimatum to the attacker to return 90% of the stolen assets and walk away with a 10% white hat bounty or face relentless

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As the Ripple SEC lawsuit nears resolution, ‘the end is finally here’ for XRP’s legal woes

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Ripple Labs and its XRP token have been at the center of one of the most high-profile legal battles in crypto history. The lengthy dispute with the U.S. Securities and Exchange Commission (SEC), which began in December 2020, has shaped Ripple’s trajectory and raised broader questions about crypto regulation in the U.S. As Ripple and

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$2.5M Crypto Scheme Busted: Nigerian Suspect Tracked to US Custody

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A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April 9 that a Nigerian man has been charged

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