Legal Archives - Page 4 of 6

Binance moves to quash FTX’s .8 billion lawsuit, dismisses allegations as speculative

Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative

Leave a Comment / Bankruptcy, Binance, Changpeng Zhao, crypto, Exchanges, Featured, FTX, Legal / best time

Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative […]

Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative Read More »

India’s Supreme Court calls for clear crypto guidelines not outright ban

Leave a Comment / India, Legal, Regulation / best time

India’s Supreme Court has directed regulatory bodies to develop clear guidelines for governing crypto activities in the country, according to a May 20 report from local outlet Bar and Bench. According to the report, the apex court emphasized that regulators should focus on establishing oversight frameworks that reflect the rising adoption of digital assets across

India’s Supreme Court calls for clear crypto guidelines not outright ban Read More »

Strategy Hit With Class Action Over Bitcoin—Saylor Named in Lawsuit

Leave a Comment / Bitcoin (BTC), Legal, MicroStrategy / best time

Strategy is facing a purported class action lawsuit accusing it of misleading investors on the risks and profitability of its aggressive bitcoin strategy during a critical growth phase. Class Action Lawsuit Alleges Strategy Misled Investors on Saylor’s Bitcoin Push Software intelligence firm Microstrategy (Nasdaq: MSTR), which recently rebranded as Strategy, revealed on May 16 that

Strategy Hit With Class Action Over Bitcoin—Saylor Named in Lawsuit Read More »

Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare

Leave a Comment / Adoption, Bitcoin, Bitcoin Strategy, BTC, crypto, Investments, Legal, Metaplanet, MicroStrategy, Strategy / best time

Two of the largest corporate Bitcoin holders, Strategy (formerly MicroStrategy) and Japan-based Metaplanet, have significantly expanded their crypto treasuries this week. According to separate May 19 announcements, both firms collectively acquired 8,394 BTC, spending nearly $870 million. This follows their buying spree the previous week, when the companies added almost 15,000 BTC. As a result,

Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare Read More »

Australian Police Seize Hacker’s Bitcoin, Mansion and Luxury Car

Leave a Comment / Australia & Oceania, Cryptocurrency, Legal / best time

The Australian police recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of hacking an American gaming company. AFP Targets Illegal Profits of Hacker The Australian Federal Police (AFP) recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of

Australian Police Seize Hacker’s Bitcoin, Mansion and Luxury Car Read More »

Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud

Leave a Comment / Crime, Hacks, Legal, Scams / best time

Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC approving the first Bitcoin (BTC) exchange-traded fund in the U.S. In a press release on May

Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud Read More »

Hacker Jailed for Posting Fake Bitcoin ETF News on SEC’s X Account

Leave a Comment / DOJ, Hack, Legal, SEC / best time

The DOJ handed down a prison sentence after the SEC’s social media was hacked to falsely announce bitcoin ETF approval, briefly sending crypto markets into overdrive. DOJ Sentences Hacker for SEC X Breach and Bitcoin ETF Hoax The U.S. Department of Justice (DOJ) announced on May 16 that a resident of Huntsville, Alabama, has been

Hacker Jailed for Posting Fake Bitcoin ETF News on SEC’s X Account Read More »

Judge targets central figures in LIBRA scandal with asset freeze; Milei’s financial ties under review

Leave a Comment / crypto, Featured, Legal, Memecoins / best time

An Argentine federal judge has ordered the freezing of assets belonging to key figures behind the LIBRA memecoin project as investigators examine potential fraud linked to the digital token’s promotion, including scrutiny of financial operations tied to President Javier Milei and his sister, Karina Milei, local media reported on May 15. Judge María Servini issued

Judge targets central figures in LIBRA scandal with asset freeze; Milei’s financial ties under review Read More »

Ukraine to Reportedly Launch First European Bitcoin Reserve

Leave a Comment / Adoption, Government, Legal / best time

Ukraine is reportedly about to make history by becoming the first country in Europe to have a national bitcoin reserve, a move aimed at strengthening its economy during the war with Russia. The plan is still in its early stages and Binance, the world’s largest digital asset exchange, is involved. According to Incrypted, a Ukrainian

Ukraine to Reportedly Launch First European Bitcoin Reserve Read More »

Sonic Labs Wins Court Order to Liquidate Multichain Foundation

Leave a Comment / Legal, Singapore / best time

Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Cooperate Forced Sonic Labs’ Hand Sonic Labs CEO Michael Kong said the Singapore High Court has approved his firm’s application to liquidate Multichain Foundation. Kong revealed that the

Sonic Labs Wins Court Order to Liquidate Multichain Foundation Read More »