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Do Kwon’s final appeal to undo his incarceration in a Montenegrin prison was refused by a high court, leaving Terra’s former CEO awaiting extradition rather than freedom. The High Court in Podgorica rejected Kwon’s appeal to overturn his jail time issued by a lower court in Montenegro’s capital city. Per Nov. 16
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The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence. Source
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Investors pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback after the United States District Court for the Southern District of Florida rejected a request for class certification by the plaintiffs on Nov. 13, 2023. Chief Judge Cecilia Altonaga said that after thoroughly considering
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The judge had previously ruled in July that while Ripple violated federal securities laws in selling XRP to institutional investors directly, it had not done so by making XRP available to retail customers through programmatic sales to exchanges. That decision cast doubt on how strongly securities regulators would be able
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As to Cohen's argument that Bankman-Fried's case is complex, meaning he deserves ample time outside of prison to strategize, Kaplan again demurred. While the FTX case "involves subjects that to the lay world are pretty arcane," like cryptocurrency and finance, said Kaplan, "the issues in this case are pretty straightforward:
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The United States government sent a letter to Judge Lewis Kaplan on Sept. 27 stating that it opposes the motion by Sam Bankman-Fried (SBF) and his representation for temporary release from jail before his Oct. 3 trial. The judge is scheduled to hear arguments from both sides later today.In its
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The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a new trial, despite a prosecution witness having perjured themselves in the trial against him in 2019.According to a Sept. 18 report from Bloomberg, 54-year-old lawyer Mark Scott argued that he didn’t know
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Former FTX boss Sam Bankman-Fried will likely remain behind bars while until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release.Judge Lewis A. Kaplan explained on Sept. 12 that Bankman-Fried's lack of internet access in prison to prepare for his upcoming
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In a recent court ruling, Ethereum (ETH) was denied non-security status in a case against the U.S. Securities and Exchange Commission (SEC). The
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The denial of a custody license in Germany poses significant challenges for Binance, as Germany represents one of Europe’s largest and most influential markets. Germany’s Federal Financial Supervisory Authority (BaFin) has reportedly denied the Binance exchange’s application for a crypto custody license. Finance Forward, a news publication, has reported that BaFin
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