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"I was the plaintiff, not CoinFLEX," Ver insisted, adding that the suit was kept confidential in accordance with Hong Kong law. CoinFLEX "later filed a counterclaim for $84 million" and, he claimed, Lamb "broke confidentiality to intentionally misrepresent to the entire world that CoinFLEX was the plaintiff." Source
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The United States-based Chamber of Digital Commerce has joined a collective effort to challenge the lawsuit between the SEC and Binance. In an amicus brief dated Oct. 19, the advocacy group aims to halt the SEC’s attempt to oversee the cryptocurrency industry without authorization from the U.S. Congress. Tokens are not a
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Genesis Global is suing its parent company, Digital Currency Group (DCG), to recover $620 million in unpaid loans amid ongoing bankruptcy proceedings and settlement talks. The lawsuit was filed in a New York bankruptcy court on Wednesday, Sep. 6. Genesis’ lawsuit centers on loans they claim matured in May. This debt
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“They came back to us, and they said . . . we believe every asset other than bitcoin is a security,” Armstrong said according to the FT. “And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tyler Winklevoss, the co-founder of Gemini, a cryptocurrency exchange compliant with New York rules, has criticized the Securities and Exchange Commission (SEC), saying that while the regulator has filed legal actions against prominent cryptocurrency exchanges, including Binance,
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U.S. Bankruptcy Court Judge Sean Lane extended a mediation period between crypto lender Genesis and its creditors at a Monday hearing as tensions flared over the role Genesis’ parent company, Digital Currency Group (DCG), would play in the lender's restructuring. The period, slated to end last month, will now conclude
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Top Stories This Week Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data Microsoft has been threatened with a lawsuit from Twitter CEO Elon Musk, who claimed the Big Tech firm “illegally” trained its artificial intelligence on
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The United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance for violations of trading and derivatives laws. The lawsuit, filed on March 27, alleged that the global crypto exchange offered its derivatives trading services to U.S. customers without applying for a derivatives license.The lawsuit from the commodities watchdog
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With the Bitcoin (BTC) halving more than a year away, don’t expect crypto industry narratives to change anytime soon. Nay, crypto winter is still in full force, and the nasty headlines show no signs of abating. This week, Silvergate Bank’s parent company announced it would shut down and liquidate the crypto
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The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 17, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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