News
Gambling company DraftKings has agreed to pay a $10 million settlement to a group of NFT buyers that accused it of selling unregistered securities.
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Court News
A court is a tribunal that has the authority to provide legal processes of resolving disputes between parties in criminal, civil and administrative matters relying on the law. The court is one of the branches of power and is crucial to the political, economical and social prosperity of the country it’s in. The decisions of the court may be crucial to any industry working under its jurisdiction. For example, a court can pause or cancel an unconstitutional law or establish new law enforcement practices in fields like IT, minerals, environment and others. The court has already been involved in the blockchain industry. Courts are working on Bitcoin-fraud cases, making decisions about measures of restraint for criminals that were operating with blockchain-based platforms and more. Famous blockchain-related court cases include Ross Ulbricht’s case about the dark market Silk Road and Mark Karpeles case concerning the Mt.Gox exchange bankruptcy.
- News
Olumide Osunkoya, who operated a network of crypto ATMs without regulatory permission, has been sentenced to four years in prison.
9064 - News
The Ethereum Foundation donated $1.25 million to support Tornado Cash developer Alexey Pertsev’s legal defense as he prepares to appeal his money laundering conviction in the Netherlands.
2888 - Analysis
Bankman-Fried is hoping that he can appeal his case or secure a pardon from President Trump.
1400 - News
SafeMoon chief technology offer Thomas Smith is now pleading guilty to allegations that he took part in a $200 million crypto scheme.
3472 - News
The US Securities and Exchange Commission abandoned its court appeal over a case it lost to expand the definition of a dealer, which was seen as a threat to decentralized finance platforms.
4452 - News
Coinbase shareholder Wenduo Guo has sued the crypto exchange and its top executives for allegedly violating securities laws.
6472 - News
Authorities in Norway allege that the creators of a crypto scheme laundered $62 million through the accounts of a local law firm.
3353 - News
US prosecutors have filed parallel charges against former and current Geosyn Mining executives, which has put the brakes on an SEC lawsuit.
3358 - News
The US-based Ready Makers says it won a court order to freeze crypto tokens from its Gibraltar subsidiary, Ready Maker, which it claims it lost control of.
10081 - News
The acting US Attorney for the Southern District of New York reportedly resigned after the federal Justice Department directed her to halt a case against NYC Mayor Eric Adams.
4951 - News
CluCoin founder Austin Michael Taylor asked a judge to sentence him to probation after he copped to wire fraud for a $1.1 million crypto scheme.
7501 - News
The US tax agency claims it complied with financial privacy laws when it summoned banks for crypto founder Rowland Marcus Andrade's financial records.
1943 - News
The language the SEC used to request a delay in a crypto enforcement case — similar to that in a Binance filing — suggested the agency would be following suit in other courtrooms.
11517 - News
The SEC and Binance filed a joint motion to pause their legal case for 60 days, citing the newly formed SEC Crypto Task Force’s potential impact on regulations.
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