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A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there's no case to argue funds were misappropriated. Source
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Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to bring up certain information from the crypto exchange’s terms of service during witness testimonies.In an Oct. 12 filing in United States District Court for the Southern District of New York, SBF’s legal team said the motion was aimed at addressing
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The updated terms and conditions restrict users from accessing the exchange if they are based in countries sanctioned by the U.S., UK or the European Union. Specific countries cited include Myanmar, Cuba, Iran, Iraq, North Korea, Sudan, Syria and Zimbabwe. Original Source
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The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In a press release, the HKMA said that the use of certain banking terms may
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Ethereum is currently dominating the DeFi and smart contract niches when it comes to the Total Value Locked (TVL). However, while Ethereum
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Video-conferencing platform Zoom has updated its terms of service after widespread backlash over a section concerning AI data scraping, clarifying that it won’t use user content to train AI without consent. In an Aug. 7 post, Zoom said its terms of service were updated to further confirm it would not
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The native tokens of Reddit’s r/CryptoCurrency community, Moons (MOON) and Bricks (BRICK) have recorded an impressive triple-digit price gain this week following an announced change in Reddit’s terms of service. The cryptocurrency Moons (MOON) associated with Reddit’s
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The chief prosecutor in South Korea, leading the case against Terraform Labs CEO Do Kwon, indicated that he might face multiple terms in his home country and the United States. Kwon was recently granted a bail petition
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MetaMask, a popular Ethereum native non-custodial wallet, has updated its terms of use and now has the right to “withhold taxes where required”. This change in their service is why the cryptocurrency community on Reddit is beginning to question ConsenSys’
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Terra co-founder Do Kwon’s bail is now in question after the State Prosecutor’s Office filed an appeal against it. Kwon is still wanted for extradition by South Korea and has criminal charges to answer in the United States. On May 17, the State Prosecutor’s Office in Montenegro’s capital Podgorica appealed against the
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