Consensys sues the SEC, wants court to declare Ethereum not a security

Consensys, a blockchain software technology company backing the Ethereum blockchain, has sued the US Securities and Exchange Commission (SEC). Consensys sues the SEC The lawsuit, filed in the District Court for the Northern District of Texas, concerns Consensys’ complaint against the SEC’s impending enforcement action against the company. Also key to the lawsuit is Consensys’ […] дальше »

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SEC seeks $5.3b in penalty from Terraform Labs and co-founder Do Kwon

Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern… дальше »

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Google Takes On Crypto Scammers With Legal Action

Google has initiated legal proceedings against a cadre of individuals accused of executing a sophisticated crypto scam, as CNBC reports exclusively today. The lawsuit, lodged on Thursday in the Southern District of New York, targets Yunfeng Sun, also known as Alphonse Sun, and Hongnam Cheung, known alternately as Zhang Hongnim or Stanford Fischer, alongside their […] дальше »

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OneCoin Scammer Gets 4 Years Jail Sentence — Justice Served?

OneCoin, the cryptocurrency project that morphed into a notorious pyramid scheme, continues to cast a long shadow. Yesterday, Irina Dilkinska, the former head of Legal and Compliance for OneCoin, was sentenced to four years in prison by US District Judge Edgardo Ramos for her role in the multi-billion dollar scam. Related Reading: Move Over Gold, […] дальше »

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OneCoin’s legal chief sentenced 4 years for $4.4b crypto fraud

United States District Judge Edgardo Ramos has sentenced Irina Dilkinska, the ex-head of legal and compliance for the notorious OneCoin Ponzi scheme, to four years in prison. On April 3, the U.S. Attorney’s office announced the sentencing that follows Dilkinska’s… дальше »

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Tornado Cash Co-Founder Seeks To Dismiss Charges – Details

The co-founder of Tornado Cash, Roman Storm, has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ), Southern District of New York. In a petition submitted on March 29, Storm’s lawyers have laid out several arguments to secure the freedom of the client, including invoking the First […] дальше »

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Court rules in favor of Apple in class action over crypto payment policies

A California judge dismissed a class action lawsuit against Apple that accused the tech giant of imposing restrictions on third-party crypto payments on March 26. District Judge Vince Chhabria said the complaint contained “several fatal problems,” including inadequately alleged agreements between Apple and other payment services. дальше »

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BREAKING: Sam Bankman-Fried Sentenced To 25 Years In Prison

In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. US District Judge Lewis Kaplan delivered the judgment during a Lower Manhattan federal courtroom hearing. дальше »

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KCS dips on KuCoin criminal charges; investors turn to Mantle (MNT) and Kangamoon (KANG)

Over the past few days, the cryptocurrency market witnessed a significant shake-up as KuCoin and its co-founders face criminal charges from the United States Attorney’s Office for the Southern District of New York. дальше »

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XRP Lawsuit Battle Heats Up: Ripple And SEC Agree To Seal Details In Settlement Negotiations

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Korean altcoin issuer detained over $16.1m fraud allegations

A South Korean altcoin issuer was arrested by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team on March 19, facing fraud charges. The unnamed individual is accused of defrauding investors of $16.1 million, an arrest that… дальше »

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US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case

US District Judge Robert Shelby sanctioned the SEC for abuse of power in its case against DEBT Box, casting a shadow over the SEC’s regulatory tactics. The post US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case appeared first on BeInCrypto. дальше »

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Federal court sanctions SEC for gross misconduct in Debt Box case

A United States district court has sanctioned the Securities and Exchange Commission (SEC) for demonstrating “bad faith” in its legal actions against Debt Box, a company accused of operating a $50-million fraudulent cryptocurrency scheme. дальше »

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Jury convicts IcomTech promoters in crypto ponzi scheme, faces 20 years

A New York District Court jury convicted two men associated with IcomTech, a company that presented itself as specializing in cryptocurrency mining and trading, of wire fraud conspiracy. The individuals, David Brend and Gustavo Rodriguez, now potentially face up to… дальше »

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Sam Bankman-Fried deserves 40-50 years in prison, prosecutors say

Sam Bankman-Fried, the disgraced former CEO of collapsed crypto exchange FTX, deserves a jail term of not less than 40 years, US prosecutors said on Friday. According to the sentencing memo the Department of Justice, Southern District of New York, filed on Friday, what Bankman-Fried needs is 40 to 50 years in prison. The prosecution […] дальше »

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DOJ: Sam Bankman-Fried merits a 40-to-50-year sentence

Prosecutors asked a U.S. District Judge to jail Sam Bankman-Fried for 40-50 years following his conviction last November.   дальше »

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SEC Case Against Gemini And Genesis Gains Momentum As Judge Denies Motion To Dismiss

In a recent development, US District Judge Edgardo Ramos has denied motions from cryptocurrency exchange Gemini and crypto lender Genesis to dismiss the case brought by the US Securities and Exchange Commission (SEC). дальше »

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Binance bolsters web3 trust through law enforcement workshop in Taiwan

In a move aimed at bolstering ties with law enforcement in handling crypto-related crimes, Binance conducted a virtual assets law enforcement workshop for the officers of the Keelung District Prosecutors Office in Taiwan. дальше »

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Binance founder Changpeng Zhao ordered to surrender Canadian passport

A U.S. district court has changed the bail conditions for Binance cryptocurrency exchange founder Changpeng Zhao and ordered him to surrender his Canadian passport. дальше »

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Coinbase advocates for reevaluation of crypto as securities in legal clash with SEC

Coinbase’s legal team has approached U. S. District Judge Katherine Failla with a request to overlook a prior judgment that defined secondary sales of crypto assets as securities transactions. дальше »

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EIA Emergency Survey Preliminary Injuction Hearing Canceled Yesterday

The hearing in Waco, Texas under District Judge Alan Albright was canceled yesterday due to the EIA and plaintiffs reaching an agreement-in-principle. дальше »

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Judge ruling favors Riot in case against energy officials

Riot and the Texas Blockchain Council successfully convinced a U.S. district judge that immediate harm would occur without a temporary restraining order to halt further data collection. дальше »

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Binance reaches $4.3b settlement in US plea deal agreement

Binance Holdings Ltd. has been ordered to pay $4.3 billion as part of a plea deal approved by US District Judge Richard Jones, marking one of the heftiest criminal penalties in US history. дальше »

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SEC sued over unlawful targeting of crypto industry

The US Securities and Exchange Commission (SEC) has been sued in Texas for “unlawful targeting” digital asset businesses. The lawsuit was filed in the United States District Court for the Northern District of Texas on Wednesday by crypto startup LEJILEX and Crypto Freedom Alliance of Texas LEJILEX is filing the lawsuit ahead of its plans […] The post SEC sued over unlawful targeting of crypto industry appeared first on CoinJournal. дальше »

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Alex Mashinsky wants to continue retaining SBF’s defense lawyers for his trial

Celsius co-founder and ex-CEO Alex Mashinsky intends to rely on the same lawyers used by former FTX CEO Sam Bankman-Fried (SBF) to defend him against the criminal charges filed by the Department of Justice’s Southern District of New York (SDNY) in July 2023, Bloomberg News reported on Feb. дальше »

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Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect

Restitution paid to victims can be considered when sentencing, and judges in the Southern District of New York routinely impose shorter terms than guidelines suggest for white-collar cases. дальше »

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Ripple v. SEC: What court's latest decision means for XRP

The court heeded the SEC's call for Ripple to provide the statements and contracts. XRP's price continued to hover around $0. 50. Sarah Netburn, the Judge of the New York Southern District CoThe post Ripple v. дальше »

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$130 Million Silk Road Bitcoin Haul to be Sold by US Authorities

The US District Court has authorized the sale of $130 million worth of Bitcoin that was previously owned by Silk Road agents дальше »

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