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Legal victory for Tether and Bitfinex as plaintiff drops lawsuit

Cryptocurrency stablecoin company Tether shared on X that the plaintiff had ended the appeal in the multi-year courtroom battle. Tether initially denied allegations of misconduct via a written statement one day before the lawsuit was filed in 2019. A conclusion of legal proceedings In a blog post on the Tether website, the stablecoin issuer

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On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project

Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegations.MachiBigBrother also posted an announcement

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Plaintiff in Coinbase lawsuit raises issues of account lockouts, crypto as a security

One user has filed a class-action lawsuit against crypto exchange Coinbase on behalf of account and wallet holders “who have had their accounts breached and incurred losses arising from the unauthorized transfer of assets.”In an Aug. 15 filing in the U.S. district court for the Northern District of Georgia, plaintiff

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Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’ – Fintech Bitcoin News

The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle for CBN’s yet to be rolled out digital

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Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims

An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case.The Nano team is after $701,000 in attorney fees and costs as a sanction after a token buyer dropped his proposed class action. On July 27,

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