Gregory Dwyer becomes the last one from the exchange’s management to enter a plea.
Crypto Biz: The 3AC saga takes another bizarre twist
Once the most revered hedge fund in crypto, Three Arrows Capital has gone bust. As it turns out, its holdings of Deribit shares may be much smaller than reported.
Crypto use an aggravating factor for sentencing: Aussie court study
Offenders that use cryptocurrency for illegal activity in Australia are more likely to receive a tougher sentence.
Source claims 3AC’s Deribit exposure is worth much less than reported
The creditors of Three Arrows Capital may be left holding the bag, according to a source who claims the hedge fund’s exposure to Deribit is only worth $25 million.
SEC dismisses claims against John McAfee, fines accomplice for ICO promo
On October 5, 2020, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter without disclosing that they were paid for them.
Web3 activists fight for reproductive rights with NFTs, DAOs and protests
The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade.
Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions.
Celsius denies allegations on Alex Mashinsky trying to flee US
Celsius CEO Alex Mashinsky wasn’t trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed.
Coin Center takes US Treasury to court over alleged financial spying
Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate.
Crypto bank Custodia sues the Fed over 19 month delay on account approval
Custodia wants to compel the Federal Reserve Board and its Kansas City branch to approve its application for a Fed master account within 30 days.
Former product manager at OpenSea charged with insider trading
The charges are related to digital collectibles bought and sold on the NFT marketplace in September 2021.
South Korean authorities reportedly probe staff behind Terra
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues.
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation.
UK Court recognizes NFTs as ‘private property’ — What now?
Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud.
Shanghai court affirms that Bitcoin is virtual property, subject to property rights
A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process.
Chinese court rules marketplace guilty of minting NFTs from stolen artwork
A user of the NFT marketplace NFTCN allegedly poached a creation of an artist and sold it as an NFT for $137 to another user.
NY State Supreme Court dismisses petition against crypto mining company
The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm.
Class action suit against Coinbase alleges unregulated securities sales
Plaintiffs say 79 tokens that Coinbase sells meet the definition of securities, but they were not warned of their risks.
China’s Supreme Court adds digital currency to list of illegal fundraising methods
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public.
SEC v. Ripple: Here’s how two 2012 memos can turn the tide in the milestone crypto case
We will soon know if Ripple’s executives were warned of the possibility of an SEC lawsuit ahead of XRP’s launch.