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“The attempt by Mike Novogratz and Galaxy Digital to blame the termination on BitGo is absurd,” said R. Brian Timmons, a partner with Quinn Emanuel, the law firm BitGo has retained. In the press release, he pointed to Galaxy's recent losses, which he said range in the hundreds of millions
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British computer scientist and CEO of legal services chatbot DoNotPay, Joshua Browder, suggests investors sue the lender as it faces insolvency. He told CoinDesk TV’s “First Mover” a loophole in Celsius’ terms of service (Section 27 C) gives individual investors the ability to file a claim suit against Celsius Network
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On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers' digital assets during a critical exploit. The firm's client accounts were held in Gemini's custody. On February 8, a breach led to
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The U.S. Securities and Exchange Commission (SEC) has threatened to sue the Nasdaq-listed cryptocurrency exchange Coinbase over its lending product. The exchange says, “We don’t know why … We got no explanation from the SEC.” Coinbase Threatened by SEC Coinbase revealed Tuesday that it received a Wells notice from the SEC last
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The United States Securities and Exchange Commission (SEC) has reportedly threatened to sue Coinbase over a crypto yield program it deems as a security.Coinbase CEO Brian Armstrong tweeted on Sept. 8 that has been some “really sketchy behavior coming out of the SEC recently” before launching into a 21 post
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Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop (GME) and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy.The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been
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Ripple will be sued by the SEC for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune.In a move reminiscent of Coinbase's recent front-running of a New York Times expose of its alleged treatment of employees of color, Ripple CEO Brad Garlinghouse has taken the unusual
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A group of investors is crowdfunding a lawsuit against Yearn.finance (YFI) founder Andre Cronje over the unreleased and unfinished Eminence (EMN) protocol and its hack.In a post, the group EMN Investigation said it is raising money to sue Cronje, Yearn developer ‘banteg,’ and Twitter user and Yearn supporter Blue Kirby.
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Changpeng Zhao, CEO of the crypto exchange giant Binance, has threatened to sue the blockchain-oriented media outlet “The Block” over false reporting regarding raids of the Chinese police on Binance’s office in fiery tweets.The blazing interaction took place on Twitter when Changpeng Zhao published a tweet, saying:“Instead of apologizing to
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