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The official committee of Celsius creditors is proposing to sue Celsius co-founder Alex Mashinsky and other executives for "fraud, recklessness, gross mismanagement and self-interested conduct" that eventually led to the collapse of the crypto lender.In a proposed complaint filed in a New York Bankruptcy Court on Feb. 14, attorneys representing
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MicroStrategy shares were down more than 4% following Racine’s tweets. In a statement, Saylor said that although MicroStrategy headquarters is in Virginia, he had moved to Miami Beach. "Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and
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“It’s about getting answers to some of the technical questions,” Bitwise Chief Compliance Officer Katherine Dowling said, regarding the SEC’s denial of the asset management firm’s spot bitcoin ETF application, on CoinDesk TV’s “All About Bitcoin.” Original Source
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The lawsuit, alongside a recent research report, also cast new light on a pseudonymous Twitter account, @0x_b1, that became highly influential with the 2020 rise of decentralized finance, or DeFi, tools. The account was regarded as a “whale,” or large crypto holder, but was not widely known to, in fact,
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The same group of plaintiffs, which includes pseudonymous Terra victim and researcher Fatman, has said it will also file suit against Terraform Labs, the entity that created a litany of apps – like the lending protocol Anchor – that used the LUNA and UST tokens. That possibility highlights one of
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Timothy McKimmy says his Bored Ape was sold out from under him for just 0.01 ETH. Original Source
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Do Kwon, co-founder and CEO of Terraform Labs, the company that backs the Terra blockchain ecosystem, is suing the U.S. Securities and Exchange Commission (SEC). Kwon, who was served a subpoena while appearing at Messari’s Mainnet conference as a presenter, states this behavior was against the SEC’s own policies, and
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In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to
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Investors in Telegram’s TON project are in discussion to sue the company after it abruptly shuttered the blockchain effort earlier this week, according to four individuals familiar with the situation. It’s not the ambitious project being shut down that upset investors but the options they were given: Take back 72% of
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One of the biggest names in crypto has joined in an ongoing argument about who will lead the class-action suit against Bitfinex and its affiliates over alleged market manipulation leading to Bitcoin’s 2017 bull run. Antonopoulos’s affidavitAmid a flurry of filings seeking to lead the class, Andreas Antonopoulos has come
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