Following the filing of a cease and desist order, Nevada’s Financial Institutions Division has again moved against crypto custodian Prime Trust by petitioning for the appointment of a receiver. In a June 26…
Nevada’s Financial Institutions Division has taken legal action against Prime Trust LLC, filing a court petition to place the company in receivership. The Division cited concerns about Prime Trust’s unsafe and unsound operations…
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After a protracted silence and vague responses from the United States Securities and Exchange Commission, cryptocurrency company Coinbase filed an official request in federal court on Saturday. “We couldn’t wait until our deadline…
A U.S. court has dismissed the lawsuit filed by BitGo against Galaxy Digital in relation to a failed merger previously agreed to in 2021. In the company’s response to the terminated merger agreement,…
In a court ruling that could have broad implications for the popular Decentralized Autonomous Organization (DAO) structure, a federal district judge ruled in favor of the Commodity Futures Trading Commission (CFTC) and its…
Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC)…
Terraform Labs co-founder Do Kwon has been granted bail in Montenegro after an appeals process by prosecutors was dismissed by a Montenegrin court on June 2. According to an official release from the…
A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline. Steven Schwartz, an attorney with the New York law firm Levidow,…
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Late last month, Coinbase – who had previously been hit with a Wells notice, an informal warning from the SEC usually followed by a lawsuit – asked the courts to force the agency…
A U.S. judge today said yes to the sale of FTX-owned derivatives trading platform LedgerX—at a massive loss. In a Thursday hearing, Judge John Dorsey quickly authorized the sale to private equity firm…
South Korean authorities make progress in Terraform Labs case, declaring LUNA not security. The recent South Korean court ruling dismisses security violation charges against Terraform Labs’ former CEO, Hyun-seong Shin, and classifies LUNA,…
A recent court judgment further weakens a key defense made by technology firm Ripple Labs in its ongoing legal battle with the United States Securities and Exchange Commission (SEC), the regulator has claimed…
A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by…
Singapore’s lower division of the Supreme Court approved Zipmex’s pre-packaged plan to restructure some of its operations and thus enable customers to receive portions of their deposits. The Thai-based crypto exchange suspended clients’…