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Decentralized finance trader Eisenberg had, "through fraud and deception," taken and converted approximately $114 million from Mango Markets. He later returned $67 million but "retained" the remainder, the filing said. Mango Markets now wants the remaining $47 million back in damages. Source
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Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg. The Jan. 25 filing in the United States District Court for the Southern District of New York alleges Einseberg of exploiting its platform for millions of dollars
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It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.” Source
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Nexo has sued the Cayman Islands Monetary Authority to overturn its rejection of Nexo's application to register as a virtual asset services provider. Source
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The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, for denying its registration
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New York’s state attorney general Letitia James revealed on Twitter that she is suing the former Celsius Network head for defrauding investors out of billions of dollars. Who would have thought that the once-upon-a-buzzing crypto industry would have to fight so many legal battles? While former FTX CEO Sam
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On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of
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“We believe very strongly in the protection of our intellectual property and corporate assets,” Nate Nesbitt, Head of Communications at Mythical told CoinDesk. “In this instance, it was necessary to take these steps to rectify this situation and protect the company’s corporate interest, as is our duty to our employees
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It was previously reported that Hoeptner left the company in October 2022. Source
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The United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas Trading, a Discord-based forum. The forum’s co-founders, affiliated podcasters and Youtubers are being alleged of stock manipulation. The claim was filed with the U.S. District Court Southern District of Texas on Dec. 13. The regulator accuses
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