News
Kalshi is looking to have Nevada’s lawsuit heard in federal court, again asserting it is subject only to federal commodity exchange laws.
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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.
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A Miami federal judge has entered a default judgment against Ben Armstrong, who failed to respond to Kevin O’Leary’s complaint accusing him of defamation.
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US prosecutors said Paxful marketed itself as a non-KYC platform and presented anti-money laundering policies that it knew “were not implemented or enforced.”
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Sam Bankman-Fried seeks a new FTX trial, alleging DOJ witness pressure and citing a declaration disputing the prosecution’s insolvency claims, according to a new filing.
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Sam Bankman-Fried asked a federal appeals panel for a new trial in the FTX fraud case, arguing that new witness testimony could weaken the case that led to his 25-year sentence.
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The dark web drug market used crypto for payments, but blockchain transaction tracing helped the FBI identify its creator, who was sentenced to 30 years in prison.
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FTX users filed the lawsuit in 2023, accusing the law firm of playing “a key and crucial role" in "how the FTX fraud was accomplished.”
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Cere Network is facing a second lawsuit this month that accuses its co-founder and board of fraud in relation to a public token launch for the platform in 2021.
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The lawsuit came days after the president threatened on social media to sue the banking giant for debanking him in the weeks after his supporters attacked the US Capitol in 2021.
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A preliminary injunction against the prediction markets platform reportedly came at the request of Massachusetts Attorney General Andrea Joy Campbell.
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Kalshi can continue offering event contracts in Tennessee after a federal judge temporarily restrained state regulators pending a preliminary injunction hearing.
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The Tornado Cash developer was convicted on one count in August, with two felony charges unresolved as prosecutors weigh a possible retrial.
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The class-action suit, filed against Cuban and others in August 2022 shortly after Voyager filed for bankruptcy, alleged “false representations and other deceptive conduct.“
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Federal prosecutors argue an industry amicus brief is irrelevant as a New York court weighs next steps in the MEV bot case against two brothers.
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In the latest update on the FTX saga, the SEC confirmed Caroline Ellison had consented to an officer-and-director ban, preventing her from leading any companies for 10 years.
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