Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.The request for an emergency stay was granted by Judge Jennifer Rearden of the U.S. District Court in New York on March 27, meaning Binance.USBitcoinCourtcryptoexchangeExchangesHoldputSaleVoyagers Read More
Do Kwon, the founder of the failed crypto network Terraform Labs, was arrested on Thursday, Mar. 23, after months of evading authorities and regulators.
Kwon arrested, identity confirmed
The troubled Terra founder is responsible for over $40b in losses after the crash of two crypto assets, LUNA (now Luna Classic) and TerraUSD algorithmic stablecoin, ConfirmedCourtIdentityPresented Read More
Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.
Source AFPChargedCourtDueExtraditionHearingKwonMontenegro Read More
In Tuesday’s case, Coinbase Inc. v. Bielski, customer Abraham Bielski had initially accused Coinbase of lax protections when a scammer stole $31,000 from his account. A court found that he could go ahead and pursue that complaint in the courts, which Coinbase appealed. When the matter kept moving in court, ArbitrationArguesCaseCoinbaseCourtCryptoDebutSupremeU.S Read More
In the appeal to Supreme Court, crypto exchange Coinbase is willing to send the two lawsuits – Bielski v. Coinbase and Suski v. Coinbase – into arbitration.
On Tuesday, March 21, the US Supreme court is all set to hear its first-ever crypto case in history. Nine chief justices will CaseCourtCryptoHearSetSupremeTuesday Read More
“Mr. Bankman-Fried, and others at his direction, maintained a close, accommodating relationship with Bahamian law enforcement agencies” including the prime minister, attorney general and Securities Commission, the filing reads, adding that the FTX founder “aimed to leverage that relationship to minimize his criminal and civil exposure should the massive fraud ArmAssetsBahamasCourtFilingsFTXsNullityStripped Read More
Though the case the high court will hear Tuesday involves crypto, it is not itself a crypto case. Instead, this case is a fairly esoteric, procedural argument over whether a lawsuit can proceed in federal court while one party – in this case, Coinbase – is attempting to send the dispute to CaseCourtCryptoHearSupremeTomorrowU.S Read More
FTX and Alameda Research's former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm's restructuring.FTX, now helmed by CEO John Ray III, has been tracking missing funds from the exchange since its collapse, which it estimates to be $8.9 3.2BAlamedaCircleCourtFilingsReceivedSBFs Read More
The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue for the voiding AfricaBidBitcoinCourtDeclaredDevelopersDismissesExtraditionIllegalMoneroNewsRegulationSouth Read More
Sam Bankman-Fried is seeking to use FTX's insurance policies to cover his legal expenses, according to a court filing on March 15. The former FTX CEO's legal counsel requested in a motion to permit insurers to advance or reimburse his defense costs and fees under directors and officers (D&O) insurance policies BankmanFriedCourtFeesLegalPetitionsprioritizereimbursingSam Read More