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On Wednesday, Judge Lewis Caplan of the Southern District of New York (SDNY) disclosed the names of the two additional bond co-signers, Stanford University’s Andreas Paepcke, a senior research scientist; and Larry Kramer, once a dean of the university’s law school. They had agreed to pay $200,000 and $500,000, respectively.
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David Leichtman, a managing partner at law firm Leichtman Law PLLC, discusses the legal implications that copyright and trademark law could have for NFTs and creators moving forward. Original Source
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The two sides are asking the court to modify Bankman-Fried's bail conditions to allow him to use various messaging apps, including FaceTime, Zoom, iMessage, SMS texts, emails, Facebook Messenger and WhatsApp. (For WhatsApp, Bankman-Fried's cell phone must have monitoring software installed to record those messages.) Source
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A former FTX chief lawyer has accused the company's US general counsel of channeling business to Sullivan & Cromwell (S&C) — the firm currently serving FTX as bankruptcy counsel.Daniel Friedberg, who was the chief regulatory officer of FTX until he resigned on Nov. 8, made the allegations as part of
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Gemini Earn customers loaned their crypto deposits to Genesis, which then lent them out in exchange for offering Gemini customers a high yield on their deposits. In November, however, Genesis froze withdrawals, leaving an estimated 340,000 Gemini Earn customers and $900 million in crypto up in the air. Original Source
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The United Arab Emirates (UAE) Cabinet has decided to pass a new law that governs virtual assets, setting up the country's initial regulatory regime for the cryptocurrency space at the federal level. Before the federal-level regulation, the UAE already introduced several supervisory initiatives for digital assets in financial free zones like
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Daniel Friedberg, controversial lawyer who served as top compliance chief at now-defunkt exchange FTX, has reportedly cooperated with United States’ prosecutors investigating FTX collapse.Friedberg provided details about FTX in a meeting with two dozen investigators hold by the U.S. Attorney for the Southern District of New York's (SDNY) office on
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A former lawyer of Sam Bankman-Fried's bankrupt FTX crypto firm provided details of what he knew about the company's dealings during a meeting with officials of the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC), Reuters reported, citing a person
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“But when you dollarize – regardless of what digital asset it is, what form of asset it is – as of the petition date, that is essentially giving the debtors the power to liquidate whatever’s on the exchange and say, ‘This is what you get at the bottom of the
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Former FTX CEO Sam Bankman-Fried (SBF) may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits to be received for entering a guilty plea instead of going to trial. Set to appear in court in the first days of
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