Custodia To File Appeal Over Denied Access To Fed Master Account

Custodia Bank has officially expressed its desire to appeal the US District Court ruling in Wyoming, which supported the decision of the Federal Reserve Bank of Kansas City (FRBKC) to deny the crypto bank a master account. дальше »

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Consensys sues the SEC, wants court to declare Ethereum not a security

Consensys, a blockchain software technology company backing the Ethereum blockchain, has sued the US Securities and Exchange Commission (SEC). Consensys sues the SEC The lawsuit, filed in the District Court for the Northern District of Texas, concerns Consensys’ complaint against the SEC’s impending enforcement action against the company. Also key to the lawsuit is Consensys’ […] дальше »

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SEC seeks $5.3b in penalty from Terraform Labs and co-founder Do Kwon

Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern… дальше »

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Google Takes On Crypto Scammers With Legal Action

Google has initiated legal proceedings against a cadre of individuals accused of executing a sophisticated crypto scam, as CNBC reports exclusively today. The lawsuit, lodged on Thursday in the Southern District of New York, targets Yunfeng Sun, also known as Alphonse Sun, and Hongnam Cheung, known alternately as Zhang Hongnim or Stanford Fischer, alongside their […] дальше »

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OneCoin Scammer Gets 4 Years Jail Sentence — Justice Served?

OneCoin, the cryptocurrency project that morphed into a notorious pyramid scheme, continues to cast a long shadow. Yesterday, Irina Dilkinska, the former head of Legal and Compliance for OneCoin, was sentenced to four years in prison by US District Judge Edgardo Ramos for her role in the multi-billion dollar scam. Related Reading: Move Over Gold, […] дальше »

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OneCoin’s legal chief sentenced 4 years for $4.4b crypto fraud

United States District Judge Edgardo Ramos has sentenced Irina Dilkinska, the ex-head of legal and compliance for the notorious OneCoin Ponzi scheme, to four years in prison. On April 3, the U.S. Attorney’s office announced the sentencing that follows Dilkinska’s… дальше »

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Tornado Cash Co-Founder Seeks To Dismiss Charges – Details

The co-founder of Tornado Cash, Roman Storm, has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ), Southern District of New York. In a petition submitted on March 29, Storm’s lawyers have laid out several arguments to secure the freedom of the client, including invoking the First […] дальше »

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Court rules in favor of Apple in class action over crypto payment policies

A California judge dismissed a class action lawsuit against Apple that accused the tech giant of imposing restrictions on third-party crypto payments on March 26. District Judge Vince Chhabria said the complaint contained “several fatal problems,” including inadequately alleged agreements between Apple and other payment services. дальше »

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BREAKING: Sam Bankman-Fried Sentenced To 25 Years In Prison

In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. US District Judge Lewis Kaplan delivered the judgment during a Lower Manhattan federal courtroom hearing. дальше »

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KCS dips on KuCoin criminal charges; investors turn to Mantle (MNT) and Kangamoon (KANG)

Over the past few days, the cryptocurrency market witnessed a significant shake-up as KuCoin and its co-founders face criminal charges from the United States Attorney’s Office for the Southern District of New York. дальше »

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XRP Lawsuit Battle Heats Up: Ripple And SEC Agree To Seal Details In Settlement Negotiations

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Korean altcoin issuer detained over $16.1m fraud allegations

A South Korean altcoin issuer was arrested by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team on March 19, facing fraud charges. The unnamed individual is accused of defrauding investors of $16.1 million, an arrest that… дальше »

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US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case

US District Judge Robert Shelby sanctioned the SEC for abuse of power in its case against DEBT Box, casting a shadow over the SEC’s regulatory tactics. The post US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case appeared first on BeInCrypto. дальше »

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Federal court sanctions SEC for gross misconduct in Debt Box case

A United States district court has sanctioned the Securities and Exchange Commission (SEC) for demonstrating “bad faith” in its legal actions against Debt Box, a company accused of operating a $50-million fraudulent cryptocurrency scheme. дальше »

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Jury convicts IcomTech promoters in crypto ponzi scheme, faces 20 years

A New York District Court jury convicted two men associated with IcomTech, a company that presented itself as specializing in cryptocurrency mining and trading, of wire fraud conspiracy. The individuals, David Brend and Gustavo Rodriguez, now potentially face up to… дальше »

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Sam Bankman-Fried deserves 40-50 years in prison, prosecutors say

Sam Bankman-Fried, the disgraced former CEO of collapsed crypto exchange FTX, deserves a jail term of not less than 40 years, US prosecutors said on Friday. According to the sentencing memo the Department of Justice, Southern District of New York, filed on Friday, what Bankman-Fried needs is 40 to 50 years in prison. The prosecution […] дальше »

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DOJ: Sam Bankman-Fried merits a 40-to-50-year sentence

Prosecutors asked a U.S. District Judge to jail Sam Bankman-Fried for 40-50 years following his conviction last November.   дальше »

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SEC Case Against Gemini And Genesis Gains Momentum As Judge Denies Motion To Dismiss

In a recent development, US District Judge Edgardo Ramos has denied motions from cryptocurrency exchange Gemini and crypto lender Genesis to dismiss the case brought by the US Securities and Exchange Commission (SEC). дальше »

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Binance bolsters web3 trust through law enforcement workshop in Taiwan

In a move aimed at bolstering ties with law enforcement in handling crypto-related crimes, Binance conducted a virtual assets law enforcement workshop for the officers of the Keelung District Prosecutors Office in Taiwan. дальше »

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Binance founder Changpeng Zhao ordered to surrender Canadian passport

A U.S. district court has changed the bail conditions for Binance cryptocurrency exchange founder Changpeng Zhao and ordered him to surrender his Canadian passport. дальше »

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Coinbase advocates for reevaluation of crypto as securities in legal clash with SEC

Coinbase’s legal team has approached U. S. District Judge Katherine Failla with a request to overlook a prior judgment that defined secondary sales of crypto assets as securities transactions. дальше »

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EIA Emergency Survey Preliminary Injuction Hearing Canceled Yesterday

The hearing in Waco, Texas under District Judge Alan Albright was canceled yesterday due to the EIA and plaintiffs reaching an agreement-in-principle. дальше »

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Judge ruling favors Riot in case against energy officials

Riot and the Texas Blockchain Council successfully convinced a U.S. district judge that immediate harm would occur without a temporary restraining order to halt further data collection. дальше »

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Binance reaches $4.3b settlement in US plea deal agreement

Binance Holdings Ltd. has been ordered to pay $4.3 billion as part of a plea deal approved by US District Judge Richard Jones, marking one of the heftiest criminal penalties in US history. дальше »

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SEC sued over unlawful targeting of crypto industry

The US Securities and Exchange Commission (SEC) has been sued in Texas for “unlawful targeting” digital asset businesses. The lawsuit was filed in the United States District Court for the Northern District of Texas on Wednesday by crypto startup LEJILEX and Crypto Freedom Alliance of Texas LEJILEX is filing the lawsuit ahead of its plans […] The post SEC sued over unlawful targeting of crypto industry appeared first on CoinJournal. дальше »

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Alex Mashinsky wants to continue retaining SBF’s defense lawyers for his trial

Celsius co-founder and ex-CEO Alex Mashinsky intends to rely on the same lawyers used by former FTX CEO Sam Bankman-Fried (SBF) to defend him against the criminal charges filed by the Department of Justice’s Southern District of New York (SDNY) in July 2023, Bloomberg News reported on Feb. дальше »

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Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect

Restitution paid to victims can be considered when sentencing, and judges in the Southern District of New York routinely impose shorter terms than guidelines suggest for white-collar cases. дальше »

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Ripple v. SEC: What court's latest decision means for XRP

The court heeded the SEC's call for Ripple to provide the statements and contracts. XRP's price continued to hover around $0. 50. Sarah Netburn, the Judge of the New York Southern District CoThe post Ripple v. дальше »

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$130 Million Silk Road Bitcoin Haul to be Sold by US Authorities

The US District Court has authorized the sale of $130 million worth of Bitcoin that was previously owned by Silk Road agents дальше »

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Celsius elicits mixed signals as it announces plans to unstake $468 ETH

Crypto lender Celsius wants to unstake its Ether holdings to meet the costs of its restructuring plan. The embattled crypto firm says the funds raised will be used to pay its creditors. Celsius’s move comes after the Southern District of New York Bankruptcy Court approved its restructuring plan in November. The plan included the creation […] дальше »

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SafeMoon terminates all employees after bankruptcy filing

The decentralized finance protocol SafeMoon filed for Chapter 7 bankruptcy on Thursday. A leaked email to the team highlighted that, “The company cannot continue its business operations and is today filing for Chapter 7 bankruptcy protection in the United States Bankruptcy Court for the District of Utah. дальше »

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Binance Seeks Dismissal of SEC Suit Amid Recent Legal Challenges

Binance has urged the US District Court to dismiss the SEC lawsuit, arguing that the SEC lacks authority over crypto sales and failed to establish an investment contract. The post Binance Seeks Dismissal of SEC Suit Amid Recent Legal Challenges appeared first on BeInCrypto. дальше »

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Analisa Torres: The Judge Who Gave Ripple and XRP Hope

The U.S. District judge's partial ruling against SEC and in favor of Ripple and XRP could create a precedent the crypto industry can come back to over and over. дальше »

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Judge threatens to sanction SEC over ‘misleading’ statements in crypto case

U. S. District Judge Robert Shelby issued a stern warning to Securities and Exchange Commission (SEC) attorneys regarding possible sanctions for “misleading” court proceedings in a lawsuit against the cryptocurrency firm Debt Box, according to court filings. дальше »

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Soccer Star Cristiano Ronaldo Faces $1B Class Action Suit Over Binance Endorsement

The suit, filed in the District Court of the Southern District of California, alleges that Ronaldo "promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance." дальше »

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Cristiano Ronaldo faces lawsuit over Binance promotion and unregistered securities

The soccer mogul Cristiano Ronaldo is facing a class-action lawsuit from plaintiffs claiming to have suffered financial losses linked to his promotion of Binance. The lawsuit was filed on Nov. 27 in a Florida District Court and accuses Ronaldo of… дальше »

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Judge rules CZ must remain in the U.S. for now

Changpeng Zhao, the former CEO of Binance, is currently barred from returning to his home in the United Arab Emirates (UAE), as per the ruling of a federal judge in Seattle. U. S. District Judge Richard Jones has temporarily suspended a decision that would have allowed Zhao to leave the U. дальше »

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Changpeng Zhao’s UAE return halted by federal court before sentencing

U.S. District Judge halts Binance CEO Changpeng Zhao's return to UAE, citing risk of non-return before his February sentencing for financial violations. дальше »

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Binance Founder CZ Stuck in U.S. for the Moment

A district judge ordered Changpeng "CZ" Zhao to stay in the U.S. until he could make a proper ruling on a U.S. Department of Justice motion to block him from returning to his home in the UAE. дальше »

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Dirty Crypto: $9 Million In Tether Seized By Feds In Silicon Valley

Federal investigators had confiscated $9 million worth of crypto connected to a Silicon Valley-based cyber scam group that had taken advantage of over 70 victims, the US Attorney’s Office for the Northern District of California disclosed on Tuesday. дальше »

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Apple hit with lawsuit for blocking crypto in P2P payments

Apple faces a class-action lawsuit alleging the tech giant conspired to limit peer-to-peer payment options on its devices and blocked the integration of crypto technology in iOS payment apps. The lawsuit, lodged on Nov. 17 in a California District Court,… дальше »

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SBF granted post-trial extension indicating potential appeal strategy or reduced sentencing

Judge Lewis A. Kaplan of the United States District Court, Southern District of New York, has granted a request for an extension for filing post-trial motions in the case against Sam Bankman-Fried, according to a court order dated Nov. дальше »

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Three arrested in $10M bank fraud, crypto laundering scheme

The U. S. Attorney’s Office for the Southern District of New York and the FBI announced three arrests related to a $10 million scheme involving cryptocurrency on Nov. 16. The authorities said that Zhong Shi Gao, Naifeng Xu, and Fei Jiang were arrested after participating in a scheme to steal millions of dollars from U. дальше »

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New York Judge denies bail for SafeMoon CEO

A federal court ordered Braden Karony to be detained pending his transfer to the Eastern District of New York (EDNY) where the SafeMoon CEO faces crypto fraud charges. дальше »

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Ripple Vs SEC: Judge Sets Schedule For Discovery And Briefing, What This Means

The XRP court case may be seeing an end soon as Judge Torres has officially scheduled dates for remedies discovery and briefing between Ripple Labs and the US SEC.  Ripple Lawsuit Enters Remedies Discovery Phase United States District Judge Analisa Torres has set dates for remedies discovery and briefing in the lawsuit between the United […] дальше »

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Taiwan detains key JPEX executives amidst fraud investigation

The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports, Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto… дальше »

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Coinbase’s Dogecoin Sweepstakes Case To Be Decided By The Supreme Court

In a recent development, the United States Supreme Court has decided to take on a lawsuit related to a Dogecoin sweepstakes, which involves Coinbase and its customers. This comes almost a year after the US District Court for the Northern District of California initially denied the exchange’s motion to force the class-action lawsuit to arbitration.  […] дальше »

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Gemini Files $1.6 Billion Lawsuit Against Genesis for GBTC Shares

New York-based cryptocurrency exchange Gemini has officially initiated legal action against Digital Currency Group’s (DCG) Genesis Global in the Southern District of New York Bankruptcy Court. дальше »

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Court Trial Date For Mango Markets Exploiter Now Set In April 2024 – Details

The court trial of Avraham Eisenberg, the hacker behind the $114 million exploit of the decentralized exchange Mango Markets, has been postponed to April 2024.  In a court filing on November 2, US District Court Judge for the Southern District of New York Arun Subramanian granted Eisenberg’s motion for continuance after his lawyers argued that […] дальше »

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Sam Bankman-Fried Prosecutor Promises 'Handcuffs for All' Crypto Crooks

Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried. дальше »

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