Ripple Must Share Financial Statements Requested by SEC, Court Rules
The statements will help a judge determine if institutional sales of XRP after the SEC lawsuit was filed in 2020 broke securities law, the SEC said in its request.
Binance Sued by Families of Hamas Victims, Hostages
The plaintiffs, who are also suing Iran and Syria, say the crypto exchange facilitated the financing of Hamas and other terrorist groups between 2017 and 2023.
Logan Paul to ‘buy back’ CryptoZoo NFTs a year after promising refunds
The program would give NFT holders 0.1 ETH for each eligible NFT, but they would also need to waive any current or future claims against Paul.
Former Lido holder files class action lawsuit against Lido DAO for crypto losses
The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions.
Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year.
Wallet of Satoshi vanishes from Apple and Google’s US app stores
Apple is facing the wrath of crypto users yet again as a popular Bitcoin Lightning wallet disappeared from its U.S.-facing App Store.
Bankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’
Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.”
Apple sued for blocking crypto tech for P2P payments
Apple faces a class action over alleged anti-competitive conduct in the iOS peer-to-peer payments market.
BNB pops after report that DOJ wants $4B settlement with Binance
BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange.
Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’
The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado where the suit was filed.
Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst
Bloomberg ETF analyst James Seyffart thinks Grayscale’s Ether futures ETF application is just a ploy to corner the SEC to approve its spot Ether ETF.
Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC
The SEC derided Binance’s request to have the regulator’s suit thrown out, claiming the crypto exchange hasn’t correctly applied the law.
OpenAI promises to fund legal costs for ChatGPT users sued over copyright
OpenAI joins Google, Microsoft and others in legally backing their users if they face legal action over copyright infringement.
Roger Ver Seeks Winding Up of Matrixport in Seychelles Lawsuit
The investor launched a suit last year in Seychelles against Matrixport’s subsidiary Smart Vega, which runs Bit.com, for confiscating $8 million, which he says Jihan Wu is keeping because Wu blames him for the collapse of CoinFLEX.
AI chatbots are illegally ripping off copyrighted news, says media group
AI developers are taking revenue, data and users away from news publications by building competing products, the News Media Alliance claims.
Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.
Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini’s Earn users.
CipherBlade Founder Says Blockchain Sleuthing Firm ‘Hijacked’
Members of the original CipherBlade entity – who no longer control its domain or social platforms – are suing the new ownership.