Crypto collapses generate hundreds of millions of dollars for lawyers

Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said.

358 +

Stablecoin Circle Lawyers Up Amid SEC Crackdown on Crypto

Circle, a stablecoin issuer, has scored a coup with the appointment of Big Law veteran Heath Tarbert as its top legal eagle amid an intensifying crackdown on crypto. The post Stablecoin Circle Lawyers Up Amid SEC Crackdown on Crypto appeared first on BeInCrypto.

299 +

Binance Puts SEC Chair Gensler In Hot Water, Will It Affect The Lawsuit?

The lawsuits brought by the U.S. Securities and Exchange Commission (SEC) against the exchanges Coinbase and Binance.US continue to be the all-defining topic in the crypto market today. While the market remains in a state of shock, Binance’s lawyers have pulled an ace out of their sleeve that puts SEC Chairman Gary Gensler in hot […]

270 +

SEC Lawsuits Against Binance, Coinbase Critiqued By Crypto Lawyer and Former Employee

Following the announcement of the United States Securities and Exchange Commission (SEC) filing lawsuits against major cryptocurrency exchanges Binance and Coinbase, the regulator is now facing backlash from prominent crypto and blockchain lawyers.

336 +

Increasing number of divorce proceedings involve crypto

Lawyers say they are seeing an increasing number of divorce settlements featuring digital assets.

375 +

Crypto lawyers speculate on XRP’s classification in SEC lawsuit

Crypto lawyer Jesse Hynes has voiced the hope that the court supervising the Securities and Exchange Commission's (SEC) legal action against Ripple would declare XRP as a non-security digital asset. 

1942 +

Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say

Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy.

386 +

Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed

Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.

442 +

Voyager Legal Team Left Shell-Shocked As Binance.US Walks Away From $1 Billion Acquisition Deal

422 +

Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

Creditors can expect to receive between 40 and 65% recoveries, ideally in crypto, a bankruptcy court heard

250 +

Globix Liquidators Compel Crypto Exchanges to Reveal Customer Information

Bankruptcy lawyers for Globix are demanding that Kraken, Crypto. com, and Bitstamp reveal identities of wallet owners with links to the firm. The liquidation of Globix is threatening to impact Gibraltar's reputation as a crypto hub.

442 +

First Mover Asia: Crypto Flat as Markets Await Tech Earnings

ALSO: Although Do Kwon is in a lot of trouble, his lawyers have raised a legitimate issue about crypto regulation in the U.S, and the SEC’s quest for unlimited jurisdiction over the asset class.

335 +

Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show

The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.

278 +

FTX native token spikes over 100% after lawyers tell court exchange could be revived

Collapsed crypto exchange FTX’s native token FTT surged more than 100% on April 12 after lawyers revealed they had recovered additional liquid assets. As of press time, FTT was trading at $2.

364 +

Crypto Exchange OKX Says It's Turning Over $157M in Frozen FTX and Alameda Assets

FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement.

181 +

BitBoy Crypto reportedly threatened FTX class action lawyers

According to recent court documents, Bitboy was at the front of insults thrown to class action lawyers working on the FTX fiasco. This came after he was identified as a defendant in the case.

337 +

XRP Lawsuit: Ripple Invokes Key Ruling in Voyager Bankruptcy Case to Strengthen Its Defense

404 +

Celsius lawyers and advisors on track to gain over $140M in fees

Legal fees in the case of the bankrupt crypto lender Celsius are skyrocketing.

The post Celsius lawyers and advisors on track to gain over $140M in fees appeared first on CryptoSlate.

306 +

U.S. Supreme Court to Hear First Crypto Case Tuesday

The U.S. Supreme Court will hear arguments in its first ever crypto-related case on Tuesday, when lawyers for San Francisco-based crypto exchange Coinbase will attempt to convince the nine Justices to pause a pair of class action lawsuits against the exchange.

384 +

FTX Digital Markets Was a Storefront for Fraud, Claim FTX Lawyers

Lawyers file papers in Delaware to strip Bahamian liquidators of claims to FTX property, crypto, fiat, and intellectual property, The post FTX Digital Markets Was a Storefront for Fraud, Claim FTX Lawyers appeared first on BeInCrypto.

361 +

Sam Bankman-Fried’s lawyers seek to delay trial until October

The lawyers representing Sam Bankman-Fried, the founder of crypto exchange FTX, said that his criminal trial might need to be delayed to give him more time to prepare his defense.

296 +

FTX Lawyers, Advisers Submit Nearly $40 Million Invoice For January Work

FTX lawyers working on the crypto exchange’s bankruptcy case billed nearly $40 million in expenses in January, according to documents filed in court. The lawyers are part of a group of legal experts hired to assist FTX in its Chapter 11 bankruptcy case, which was filed last year after the exchange faced a series of […]

321 +

SEC v. Ripple: XRP's Fate to Be Decided by Trial, Crypto Lawyers Agree

This might be fatal to SEC, says Scott Chamberlain

208 +

Phalanx of FTX Lawyers and Accountants Bill Nearly $40M for One Month’s Work

Bankruptcy lawyers and accountants for the embattled crypto exchange FTX have submitted hefty invoices for their work. The post Phalanx of FTX Lawyers and Accountants Bill Nearly $40M for One Month’s Work appeared first on BeInCrypto.

307 +

Crypto lawyers question SEC Chair over claims of crypto being security

Crypto lawyers have criticized the U.S. SEC Chair's comments. The SEC Chair claimed that every cryptocurrency except Bitcoin is a security subject to its jurisdiction. So far, SEC has either fiThe post Crypto lawyers question SEC Chair over claims of crypto being security appeared first on AMBCrypto.

339 +

Crypto lawyers flame Gensler over claims that all crypto are securities

Crypto lawyers weighed in on Gary Gensler’s crypto regulation claims, saying that the the Securities and Exchange Commission has no legal standing to police the space.

203 +

‘Wild’ — SEC going after Terra sparks responses from crypto lawyers

While community members are not defending Terra and Do Kwon, they are questioning the manner in which the SEC is going after the company and its founder.

485 +

Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?

The latest action from the U.S. Securities and Exchange Commission (SEC) against Kraken is probably only the first stirring of a U.S. government campaign to come for the major remaining crypto exchanges, according to industry lawyers, consultants and former regulators.

362 +

Voyager Digital subpoenas SBF and others from FTX and Alameda

Voyager Digital has subpoenaed several executives from FTX and Alameda, including Sam Bankman-Fried and Caroline Ellison. The bankrupt crypto lender's lawyers have requested documents related tThe post Voyager Digital subpoenas SBF and others from FTX and Alameda appeared first on AMBCrypto.

453 +

Will the SEC Convince a Court It’s Right to Label These Tokens as Securities?

Lawyers have challenged a potentially consequential move from the U.S. Securities and Exchange Commission (SEC) to build a list of crypto tokens it considers unregistered securities.

408 +

Alameda requests back $445m in loans paid to Voyager

Alameda recently filed a case against Voyager for retrieval of $445 million or more it gave to the crypto lender as loan repayments. The case will go up in the US bankruptcy court for the District of Delaware. FTX’s lawyers…

330 +

Sam Bankman-Fried Seeks Right to Transfer FTX's Crypto

Lawyers for the bankrupt crypto exchange's founder said there was no evidence for restricting access to crypto held by FTX as part of bail conditions in a fraud trial.

296 +

Sam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say

The crypto exchange wants to question its founder’s family as it seeks to locate allegedly misappropriated funds

226 +

FTX Creditor List Features Netflix, Binance, Wall Street Journal

Lawyers for the bankrupt crypto exchange have published an extensive list of creditors that include media companies, airlines, universities and charities.

292 +

FTX Owes Money to Netflix, Binance, Wall Street Journal, Filing Shows

Lawyers for the bankrupt crypto exchange have published an extensive list of creditors that include media companies, airlines, universities and charities.

331 +

NFT Court Orders Could Become Commonplace

Crypto lawyers are expressing their enthusiasm for NFTs as a viable solution to prosecute blockchain-based crimes that would otherwise remain unresolved. Last year, there was an uptick in lawsuits filed against individuals for blockchain-related offences in situations where the accused could not be reached by more traditional means.

350 +

Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand.

206 +

Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors

Lawyers for Celsius Network said Tuesday that the bankrupt crypto lender is planning to reinvent itself as a new, publicly traded “recovery corporation” in order to exit the bankruptcy process – something they said could happen in “months.”

357 +

Crypto Lawyers Share Blame for FTX, Other Disasters, CFTC Commissioner Says

Lawyers, accountants and other financial professionals should have stepped in to halt the fatal mistakes going on inside crypto firms such as FTX long before they imploded, said Christy Goldsmith Romero, a commissioner with the U.

354 +

FTX Lawyers Claim $5 Billion Recovered In “Liquid” Assets

On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $5 billion. However, the magnitude of consumer losses in its collapse was still unknown.

378 +

FTX Recovers $5 Billion in Crypto: Will Customers Get Their Money Back?

FTX’s lawyers have reportedly recovered $5 billion, but divested customers could still end up at the back of the queue. The post FTX Recovers $5 Billion in Crypto: Will Customers Get Their Money Back? appeared first on BeInCrypto.

245 +

Bankruptcy Law Firms Boom as Crypto Firms Go Bust

As crypto firms continue to collapse in the wake of FTX, one group in particular has been benefitting: bankruptcy lawyers. The post Bankruptcy Law Firms Boom as Crypto Firms Go Bust appeared first on BeInCrypto.

355 +

Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy

Genesis is in talks with creditors and potential investors, Bloomberg News reports.

374 +

Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy: Bloomberg

Genesis is in talks with creditors and potential investors, Bloomberg News reports.

266 +

Alex Mashinsky suggests lawyers sue FTX to pay for Celsius hole

In a recent Twitter Space recording, Mashinsky was warming up to getting Celsius’ battery of lawyers to team up with their Unsecured Creditors Committee (UCC) counterparts and sue the collapsed crypto exchange.

442 +

Market Wrap: FTX Was Sam Bankman-Fried’s 'Personal Fiefdom,' Lawyers Said

The CoinDesk Market Index, bitcoin and ether were all in the green. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

300 +

Former SEC Official Doubts FTX Crash Will Prompt Congress to Act on Crypto Regulations

Lisa Braganca, former SEC enforcement branch chief, discusses why regulation for crypto is likely to come from the SEC or CFTC rather than Congress and why SBF’s lawyers are “apoplectic.”

404 +

FTX Violated Its Own Terms of Service and Misused User Funds, Lawyers Say

Although FTX’s terms of service prevented it from using customer’s crypto, lawyers told CoinDesk that its swift downfall indicates the funds were misused.

239 +

Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers

Australian and U.S. digital asset lawyers told Cointelegraph that by and large, the words on their own as "pretty useless."

354 +