Binance founder Changpeng Zhao or CZ threatened to sue news agency Bloomberg for a second time over its report alleging links between the exchange and the USD1 stablecoin. In an X post on Friday, CZ called the article “another hit piece” that was “sponsored by a competitor,” without explicitly naming the competitor. He dismissed it […]
The U.S. Securities and Exchange Commission (SEC) has filed civil charges and sought an emergency asset freeze against First Liberty Building & Loan, LLC, a lending institution based in Newnan, Georgia, and its founder and owner, Edwin Brant Frost IV. The SEC alleges that the firm and its owner orchestrated a Ponzi scheme that defrauded
SEC charges Georgia’s First Liberty Building & Loan and owner in $140M Ponzi scheme Read More »
Bitcoin Magazine Takeaways from the Final Tornado Cash Status Conference Hearing Today, the Southern District of New York (SDNY) hosted a final status conference hearing for the Tornado Cash case, the trial for which begins this Monday, 7/14. I (virtually) attended the final status conf. for the Tornado Cash case today. (I showed up for
Takeaways from the Final Tornado Cash Status Conference Hearing Read More »
Grayscale Asset Management has questioned the US Securities and Exchange Commission (SEC) decision to issue a stay on the application to convert the Digital Large Cap Fund (DLCF) into an exchange-traded fund (ETF). In a July 8 letter, Grayscale’s legal team argued that the SEC exceeded its authority, as the application had already been approved
Grayscale’s legal team challenges SEC over missed ETF deadline Read More »
Tornado Cash co-founder Roman Storm’s lawyers have signaled that they may request a brief delay in his upcoming criminal trial if a judge allows testimony from a hacker who allegedly used the platform, according to July 10 court filings. In a filing with the U.S. District Court for the Southern District of New York, Storm’s
Tornado Cash co-founder may seek trial delay amid witness dispute Read More »
Greek authorities carried out the country’s first-ever crypto seizure after tracing funds linked to the record-breaking $1.4 billion hack of crypto exchange Bybit earlier this year. The Hellenic Anti-Money Laundering Authority issued a freezing order on a suspect wallet following a months-long investigation aided by blockchain analytics firm Chainalysis. The operation targeted funds allegedly stolen
Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure Read More »
Linqto’s Chapter 11 bankruptcy filing exposes deep structural flaws and regulatory pressure that could upend investor ownership rights and rattle confidence in private equity access platforms. Linqto’s Chapter 11 Filing Sparks Questions Over Private Equity Ownership Rights Mounting legal pressures and structural flaws have pushed Linqto into a high-stakes reorganization that could reshape investor exposure
Linqto Files Bankruptcy Amid Legal Probes and Corporate Structure Issues Read More »
The U.S. government has backed away from its lawsuit against crypto mixer Tornado Cash after both the Department of the Treasury, crypto advocacy group Coin Center, and others, all agreed to have the suit declared moot, effective June 28, 2025, court documents show. Lawsuits are considered moot when there is no longer a need to
US Government Backs Down in Tornado Cash Lawsuit Read More »
The Eleventh Circuit Court of Appeals on July 3 vacated the Northern District of Florida’s 2023 order upholding the Treasury’s sanctions against Tornado Cash and instructed the lower court to dismiss the case. The one-page mandate ends the Coin Center v. Yellen appeal, the only remaining case over OFAC’s August 2022 designation of the Ethereum-based
US Court vacates Tornado Cash sanctions ruling, orders Florida case dismissal Read More »
A Canadian pharmacy manager is suing a telecom company and a trading platform after losing 12.58 bitcoins—now worth over $1.36 million—in a sophisticated SIM-swapping scam. Canadian Woman Blames Security Lapse by Telecom Employee for Crypto Loss Canadian woman Raelene Vandenbosch is embroiled in a multi-million dollar legal battle, alleging she lost 12.57969337 bitcoins, now valued
Canadian Woman Sues After $1.3M in Bitcoin Vanishes in SIM-Swap Scam Read More »
