Cryptocurrency Analysis and News Portal
The defendants allegedly used their connections on the inside to ensure that their withdrawals were prioritized over those of other customers. Bankrupt crypto exchange FTX has sued former employees of its Hong Kong-based affiliate Salameda in hopes of recovering $157.3 million. According to a Thursday filing, Salameda was being controlled by
Read More
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million. Source
Read More
The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against Bit Trade, the provider of the Kraken crypto exchange in Australia, for failing to comply with design and distribution obligations for one of its trading products. According to a Sept. 21 media release from ASIC, the Australian financial regulator
Read More
Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate. Original Source
Read More
An investor lost over 8,000 BTC after his hard drive was scrapped. Now, he will sue the UK council because he was not allowed to dig it up. According to The Telegraph, former engineer James Howells lost 8,000 Bitcoins (BTC) — over $205 million under the current rate — when he
Read More
Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in total. GGC filed the complaints against Digital Currency Group (DCG) and DCG International Investments (DCIG) in the Southern District of New
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied After falling victim to an apparent scam, Bryan Lawrence, CEO of crypto startup Glow Token, has sued major crypto exchange Crypto.com. Glow Token LLC has taken legal action in a Florida court against Crypto.com, accusing the exchange
Read More
Australia’s financial regulator has sued trading platform eToro over one of the leveraged trading products it offered to retail investors, alleging inappropriate screening tests caused thousands of users to lose money.The Australian Securities and Investments Commission (ASIC) said on Aug. 3 it commenced Federal Court proceedings over eToro’s contract for
Read More
The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings. Source
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The CFTC has accused Tennessee-based real estate business owners of running a fraudulent crypto scheme that allegedly swindled over 100 individuals out of more than $6 million. The Commodity Futures Trading Commission (CFTC) initiated a lawsuit against
Read More