BlockFi and DOJ settle $35M asset tranfer lawsuit

The legal dispute between BlockFi and the US Department of Justice (DOJ) over $35 million in crypto assets has officially been resolved, following court approval of a settlement reached by both parties.

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SEC vs Ripple Twist: Court Rejects $50M Settlement, Upholds Penalty on XRP Sales

The long-running legal battle between the SEC and Ripple just took another twist. Today, June 26, U. S. District Judge Analisa Torres rejected a joint request from both sides to change the final judgment.

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Ripple and U.S. SEC jointly propose $125M settlement split to end XRP lawsuit

Ripple and the U.S. Securities and Exchange Commission have jointly proposed a settlement that would split a $125 million civil penalty, potentially ending one of the longest-running legal battles in the crypto industry. According to a June 12 court filing…

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BREAKING: SEC and Ripple File for Settlement Agreement

Ripple, SEC jointly request court approval for settlement

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XRP dips as U.S. court rejects Ripple-SEC settlement bid over procedural misstep

Ripple’s attempt to finalize a settlement with the U.S. Securities and Exchange Commission has been halted after a federal judge dismissed their joint request as procedurally flawed.  The decision, issued by Judge Analisa Torres of the U.S. District Court for…

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SEC files to settle Ripple lawsuit amid internal opposition. Will XRP vs. SEC case resurface?

The U. S. Securities and Exchange Commission has filed a motion seeking court approval for a settlement with Ripple Labs, even as one SEC commissioner opposes the move over investor protection concerns.

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Ripple and SEC Settlement Will Need Paul Atkins’ Approval As Court Pauses Cross-Appeal

Ripple and the SEC have been given more time to negotiate a settlement, with both parties making significant progress despite lingering procedural delays. The post Ripple and SEC Settlement Will Need Paul Atkins’ Approval As Court Pauses Cross-Appeal appeared first on BeInCrypto.

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Ripple and SEC file joint motion to pause XRP lawsuit appeals

Ripple Labs and the U. S. Securities and Exchange Commission have jointly asked the Second Circuit Court of Appeals to pause their ongoing legal dispute, suggesting a full settlement may soon be reached.

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Court approves $11m settlement in Shaquille O’Neal’s Astrals NFT lawsuit

A Florida federal court judge has approved an $11 million settlement between Shaquille O’Neal and Astrals NFT buyers, ending a class-action lawsuit over an alleged promotion of unregistered securities.

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Shaquille O’Neal gets judge’s greenlight for $11M Astrals NFT settlement

Former NBA star Shaquille O’Neal has been granted final court approval to settle a class-action lawsuit for $11 million with Astrals non-fungible token (NFT) buyers.

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SEC drops major crypto lawsuits - So why is Ripple still in court?

Ripple may be delaying settlement to secure better terms for a future IPO or securities offering. The SEC’s withdrawal from other crypto lawsuits raises questions about the prolonged XRP caseThe post SEC drops major crypto lawsuits - So why is Ripple still in court? appeared first on AMBCrypto.

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Alameda’s Trabucco forfeits Yacht, $70m in claims to FTX estate

Former Alameda co-CEO Sam Trabucco will forfeit real estate and luxury assets to the FTX, according to a proposed settlement filed in court.

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FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer

The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.

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Brace For Impact: Court Orders Massive LUNC Burn As Part Of $4.5 Billion Settlement For Terraform Labs

The Terra Classic community is preparing for a supply shock that the LUNC coin could soon face. This is based on a court settlement that has mandated Terraform Labs to burn the tokens in their possession.

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Caroline Ellison to forfeit assets in FTX’s settlement proposal

FTX seeks court approval for Caroline Ellison to forfeit nearly all her assets. Ellison has agreed to cooperate with investigations into FTX and Sam Bankman-Fried. A hearing for the proposed settlement is scheduled for November 20, 2024.

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FTX and CFTC agree to $12.7B settlement, subject to court approval

The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors.

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SEC Denies Ripple’s Terraform Labs Comparison in Court

The SEC has countered Ripple's attempt to use the Terraform Labs settlement to argue against a proposed $2 billion fine, stating that the comparison is invalid. The post SEC Denies Ripple’s Terraform Labs Comparison in Court appeared first on BeInCrypto.

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Ripple rejects SEC’s $2 billion fine for ‘unreasonableness’ citing Terraform settlement

Ripple's lawyers have asked a court to consider an "appropriate" civil penalty in its ongoing case against the SEC, citing the recent settlement between the regulator and Terraform Labs as evidence that the SEC's requested $2 billion penalty is unreasonable.

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US judge approves Terraform’s $4.5B settlement with SEC

A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.

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FTX reaches $200M settlement with IRS on tax bill

The agreement, which is subject to court approval, resolves a major hurdle for the FTX bankruptcy process.

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Dapper Labs settlement affirms NBA NFTs are not securities

Dapper Labs’ $4 million settlement deal to conclude a class-action lawsuit against the company maintains that NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou.

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Terraform Labs, Do Kwon reach tentative settlement with SEC to end civil lawsuit

Singapore-based Terraform Labs and its founder, Do Kwon, have reached a settlement agreement with the SEC to end the civil lawsuit filed in the US over allegations of defrauding crypto investors. The development comes after a jury in the US District Court for the Southern District of New York found the company and Kwon liable […] The post Terraform Labs, Do Kwon reach tentative settlement with SEC to end civil lawsuit appeared first on CryptoSlate.

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LUNA price skyrockets as Terraform Labs, Do Kwon agree to settle SEC fraud case

Terraform Labs and its founder Do Kwon have agreed to a tentative settlement with the US Securities and Exchange Commission (SEC). According to court documents filed on Thursday, the Singapore-based crypto entity and Do Kwon had reached the agreement with the US regulator to settle the fraud case on May 29. The development follows a […]

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Terraform, Do Kwon to reach fraud settlement with SEC

Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June.

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Bankruptcy court approves NYAG, Genesis $2 billion settlement

The US Bankruptcy Court for the Southern District of New York has approved the $2 billion settlement between Genesis Global and the New York Attorney General and confirmed the Amended Plan of Reorganization for the defunct company and its subsidiaries.

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Ripple challenges SEC’s $2 billion fine, proposes $10 million settlement instead

Crypto company Ripple has responded to the Securities and Exchange Commission’s (SEC) pursuit of nearly $2 billion in fines by advocating for a different approach. In a court filing dated April 22, Ripple proposed that the Court reject the SEC’s demands and instead impose a civil penalty not exceeding $10 million.

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

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BlockFi hails ‘excellent outcome’ in $875 million settlement with FTX

Bankrupt crypto firms FTX and BlockFi have reached an in-principle agreement to settle all litigation and disputes for nearly $900 million, according to a Mar. 6 court filing. Under the terms, BlockFi will receive $185.

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FTX, Alameda reach settlement with crypto lender BlockFi, will pay up to $874m

FTX and Alameda have settled their disputes with BlockFi, agreeing to pay the firm up to $874 million, subject to court approval. Bankrupt crypto companies FTX and BlockFi have reportedly settled their disputes arising from their collapses in 2022 after…

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DCG files objection in bankruptcy court, calls out Genesis’ settlement subversive

Digital Currency Group (DCG) opposes the settlement between the New York Attorney General and Genesis. DCG filed a new application following an agreement with the prosecutor and Genesis, a bankrupt crypto lender that was one of DCG’s companies. Company executives…

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Judge approves sealed settlement between BlockFi and 3AC

In a pivotal development for BlockFi and Three Arrows Capital (3AC), a United States judge, Michael Kaplan, in a court hearing on Tuesday provided the legal nod to a settlement that puts an end to the financial disputes between the crypto lender and the defunct crypto hedge fund. BlockFi had asserted a claim of $129 […]

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Genesis Global Trading Exits New York Following Landmark Court Settlement

Crypto firm Genesis Global Trading will voluntarily surrender its BitLicense to New York authorities. The post Genesis Global Trading Exits New York Following Landmark Court Settlement appeared first on BeInCrypto.

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FTX Announces Global Settlement With The Bahamas Subsidiary: Fund Recovery on Horizon?

FTX Trading Ltd has reached a settlement with its Bahamas subsidiary, FTX Digital Markets, over bankruptcy proceedings. The settlement, which still requires court approval, aims to ensure equal distribution of funds to FTX customers.

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Ripple Is Meeting With The SEC Today; Here’s The Agenda

The Ripple battle with the United States Securities and Exchange Commission (SEC) over the security status of the XRP token is yet to come to an end even after multiple partial victories. In an effort to end the three-year-long battle, the court has ordered that both parties consider a settlement and work out the terms […]

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Genesis, Digital Currency Group reach agreement on new settlement plan

Genesis Global and its parent company, Digital Currency Group (DCG), are closing in on a settlement agreement, according to a Nov. 28 court filing. The filing includes an amended settlement plan that both companies have agreed on and urged other stakeholders to vote in favor.

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Court greenlights settlement talks between BlockFi and FTX

On Nov. 14, U.S. Federal Judge Michael Kaplan gave a green light to cryptocurrency firms FTX and BlockFi to begin settlement discussions over a $1 billion dispute. The permission comes in the aftermath of BlockFi’s bankruptcy filing in November 2022, as it seeks to recover funds owed by FTX and its sister hedge fund, Alameda […] The post Court greenlights settlement talks between BlockFi and FTX appeared first on CryptoSlate.

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FTX, BlockFi claims settlement allowed to proceed, judge declares

A U.S. bankruptcy court judge has ordered the end of an automatic holding placed on claims settlement proceedings between the two bankrupt crypto companies FTX and BlockFi.

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Ripple v. SEC Settlement Discussion, Here Are Key Dates to Watch

Court sets discovery schedule in Ripple v. SEC lawsuit

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Genesis seeks court approval for 3AC settlement

In a Nov. 9 court filing, Genesis, the cryptocurrency trading lender heavily impacted by the collapse of Three Arrows Capital (3AC) and FTX last year, is now seeking out court approval for a settlement agreement.

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Genesis seeks court’s approval to reduce Three Arrows Capital claim from $1B to $33M

Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with imploded crypto hedge fund 3AC.

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Genesis seeks court approval to slash 3AC claim from $1B to $33M

Bankrupt crypto lender Genesis has sought court approval for its proposed settlement agreement with collapsed crypto hedge fund Three Arrows Capital (3AC), according to a Nov. 9 court filing. Under the agreement, 3AC will have an allowed general unsecured claim of $33 million against the bankrupt lender instead of the previous over $1 billion claim […] The post Genesis seeks court approval to slash 3AC claim from $1B to $33M appeared first on CryptoSlate.

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Bittrex's court-approved bankruptcy plan marks end of U.S. operations

The company reached a settlement with the SEC in August. Its international arm, Bittrex Global, continues to operate in other regions. Bittrex has received court approval for its revised banThe post Bittrex's court-approved bankruptcy plan marks end of U.S. operations appeared first on AMBCrypto.

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Ad Hoc Committee of FTX.com non-US customers announces successful settlement agreement

The Ad Hoc Committee of Non-US Customers of FTX.com announces the successful execution of a Settlement and Plan Support Agreement filed with the U.S. Bankruptcy Court in Delaware. 

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Bankruptcy judge approves $175 Million settlement between FTX and Genesis Global Trading

Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX.

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American Football Star Looks Toward Settlement After Being Named In FTX Lawsuit

American football star Trevor Lawrence is one of three celebrities who have agreed to settle after being named in an FTX class-action lawsuit. Terms Of Settlement According to a Bloomberg report, the NFL quarterback’s intention to settle was made known in court documents filed on September 15.

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Celsius and Core Scientific propose $45M settlement for litigation

Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.

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Celsius to purchase $45M Core Scientific mining facility as part of bankruptcy settlement

Celsius has filed a motion in its bankruptcy case to resolve ongoing litigation and disputed contracts and claims, seeking court approval of a settlement agreement and purchase agreement with Core Scientific.

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Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’

Crypto exchange Gemini rejected the proposed settlement deal between bankrupt crypto platform FTX and Genesis, according to an Aug. 31 court filing. Gemini posited that the proposed settlement between the failed firms is an attempt to manipulate the voting process for the bankruptcy plan, further describing it as a “sweetheart pre-plan deal” designed to benefit […] The post Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’ appeared first on CryptoSlate.

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FTX Debtors Pivot: Revised Settlement Proposal Emerges Amid US Trustee Objection

In a recent court filing on Sunday, bankrupt cryptocurrency exchange FTX disclosed that it had revised its motion for settlement after facing objections from the US Trustee.  Despite criticizing the US Department of Justice (DOJ) representatives for intervening in what they considered a routine settlement process safeguarded by two creditor committees, FTX debtors acknowledged the […]

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