News
The US Treasury says because it dropped Tornado Cash from its sanctions list on March 21, the legal challenge against it should be considered moot.
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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
The US Secret Service seized some of the stolen funds from a foreign bank in 2023 and began the civil forfeiture action, eventually allowing them to return $7 million of the stolen funds.
5734 - News
Gotbit founder Aleksei Andriunin has agreed to forfeit about $23 million in Tether USDt and USDC in a plea deal with Massachusetts federal prosecutors.
2221 - News
Bitnomial sued the SEC in October, after the agency said they had to register as a securities exchange before listing XRP futures.
4212 - Analysis
Free speech advocates and crypto community members have voiced concern over what Durov’s case means in a wider context.
2934 - News
3AC liquidators have been trying to claw back funds held by the hedge fund on FTX since it filed a June 2023 claim in the collapsed exchanges bankruptcy case.
6211 - News
A Bitcoin mining firm has been granted a temporary restraining order against its hosting provider, which had blocked access to the rigs over a payment dispute.
5555 - 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.
6900 - News
Olumide Osunkoya, who operated a network of crypto ATMs without regulatory permission, has been sentenced to four years in prison.
9330 - 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.
3024 - Analysis
Bankman-Fried is hoping that he can appeal his case or secure a pardon from President Trump.
1436 - News
SafeMoon chief technology offer Thomas Smith is now pleading guilty to allegations that he took part in a $200 million crypto scheme.
3802 - 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.
4511 - News
Coinbase shareholder Wenduo Guo has sued the crypto exchange and its top executives for allegedly violating securities laws.
6617 - News
Authorities in Norway allege that the creators of a crypto scheme laundered $62 million through the accounts of a local law firm.
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