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Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in the first half of this year. “I feel very good about where we are relative to
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Compass Mining recently sustained a lawsuit by customers who claim the company lost their crypto mining machines in a deal with Bit River.Compass Mining is currently facing a lawsuit for losing Bitcoin (BTC) mining machines procured by customers. According to reports, the aggrieved Bitcoin mining machine owners are suing Compass Mining for more
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Ripple CEO Brad Garlinghouse expects the firm’s long-running dispute with the Securities Exchange Commission (SEC) will be finalized within “single-digit months” and remains confident in securing a favorable outcome. Speaking to CNBC on Jan. 18 at the World Economic Forum in Davos, Switzerland, Garlinghouse said the verdict could come as
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The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors,” the SEC alleged. SEC Takes
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The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the latter missed the deadline to respond to the lawsuit. According to a Jan. 11 court filing, the regulator has requested the court for an "entry of default" against the
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Albright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of Voluntary Dismissal filed in U.S. District Court on January 9. Before its dismissal, the lawsuit had alleged that the company had violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by
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YouTuber Logan Paul has deleted a video in which he threatened to sue internet detective Stephen "Coffeezilla" Findeisen over a three-part series that painted Paul’s CryptoZoo project as a "scam."According to Coffezilla in a Jan. 6 Twitter post, Paul has promised to drop his threats of filing a defamation lawsuit over
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New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, alleging the Celsius founder and CEO made numerous “false and misleading statements” which led to investors losing billions. In a Jan. 5 announcement, the New York Attorney General’s office announced the lawsuit, which allegedly involved defrauding more than
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A class action lawsuit has been filed against password management service LastPass following a data breach from Aug. 2022.The class action was filed with the U.S. district court of Massachusetts on Jan. 3, by an unnamed plaintiff known only as “John Doe” and on behalf of others similarly situated.It alleges
Read MoreBanking giant JPMorgan Chase settled a 2018 lawsuit recently, with a $2.5 total payout — the result of unclear fees charged when using credit cards for crypto purchases. A May 26 court document detailed:"The Court notes that Defendant JPMorgan Chase Bank, N.A., f/k/a Chase Bank USA, N.A. (“Chase” or “Defendant”) has
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