Gemini Agrees To $50 Million Settlement With New York AG

The New York State Attorney General’s Office has secured a settlement of approximately $50 million with the crypto exchange Gemini Trust Company, LLC (Gemini). This marks the latest development in a high-stakes lawsuit involving the New York AG, Gemini, its former business partner Genesis Global Capital, and several other defendants. дальше »

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SEC Denies Ripple’s Terraform Labs Comparison in Court

The SEC has countered Ripple's attempt to use the Terraform Labs settlement to argue against a proposed $2 billion fine, stating that the comparison is invalid. The post SEC Denies Ripple’s Terraform Labs Comparison in Court appeared first on BeInCrypto. дальше »

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SEC slashes Ripple penalty to $102 million

The SEC has cut its settlement demand for Ripple from $2B to $102.6M, following legal debates and comparisons to similar financial cases. The post SEC slashes Ripple penalty to $102 million appeared first on Crypto Briefing. дальше »

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Ripple Gets Epic Clap Back From SEC in Latest Terraform Labs Citation

SEC flays Ripple in Terraform-fueled demand for settlement reduction дальше »

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NYAG completes settlement with Gemini over Earn program, recovers remaining $50 million for impacted users

The New York Attorney General’s (NYAG) office announced the completion of its settlement with Gemini and the recovery of $50 million for users of the defunct Gemini Earn program on June 14. Users will receive the crypto in their accounts without having to take any further action. дальше »

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Gemini to pay $50 million to defrauded investors

Gemini will make this payment as a settlement for a crypto fraud claim in New York. Gemini is also banned from operating lending programs in New York. Letitia James, the New York Attorney General, announced that her office has successfully… дальше »

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Ripple rejects SEC’s $2 billion fine for ‘unreasonableness’ citing Terraform settlement

Ripple's lawyers have asked a court to consider an "appropriate" civil penalty in its ongoing case against the SEC, citing the recent settlement between the regulator and Terraform Labs as evidence that the SEC's requested $2 billion penalty is unreasonable. дальше »

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XRP Lawsuit: Ripple Cites Terra Settlement To Make Strong Case Against SEC’s $2 Billion Request

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What’s Next For The Terra Ecosystem After $4.47 Billion SEC Settlement Over LUNA, UST?

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Ripple calls SEC penalty disproportionate compared to Terraform Labs

Crypto firm Ripple has referenced the recent settlement between the US Securities and Exchange Commission (SEC) and Terraform Labs to challenge the financial regulator’s proposed $2 billion penalty. дальше »

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US judge approves Terraform’s $4.5B settlement with SEC

A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.

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U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties. дальше »

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Terraform Labs to shut down following the SEC settlement

Current CEO Chris Amani announced that Terraform Labs will wind down. Terraform Labs will sell its remaining assets to various digital asset management firms. More information about Terraform Labs’ dissolution and the distribution of its assets will be released in the coming weeks. дальше »

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SEC may receive ‘only a fraction’ of Terraform’s settlement

The U.S. SEC still has to queue up behind secured creditors to receive a payment from Terraform Labs’ multibillion-dollar settlement, if any. дальше »

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Terraform to dissolve following $4.47b settlement with SEC

Terraform Labs plans to dissolve, leaving the Terraform community to monitor the blockchain ecosystem.  In the wake of a $4.47 billion settlement with the SEC, Terraform Labs has announced plans to dissolve, leaving the blockchain’s future in the hands of… дальше »

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Terraform Labs to end operations, Terra community will take over

Terraform Labs is ceasing operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community. дальше »

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Terra community to own chain after TFL wind-down; Coinbase exec slams SEC settlement

Terraform Labs CEO Chris Amani said Terra will become a community project as the company winds down following a $4. 5 billion SEC settlement. Amani wrote on June 12 that the community must “take over ownership of the chain. дальше »

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Terraform Labs agrees $4.5 billion settlement with SEC

Terraform Labs is to pay $4. 47 billion to settle with the US Securities and Exchange Commission (SEC). The SEC sued Terraform Labs and its former CEO Do Kwon after the firm’s collapse in 2022. дальше »

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Terraform Labs Reaches $4.47 Billion Settlement With US SEC

Terraform Labs, the company at the center of a significant collapse in 2022, has agreed to pay a substantial settlement of $4. 47 billion to resolve a civil lawsuit filed by the US Securities and Exchange Commission (SEC). дальше »

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Terraform Labs settles SEC lawsuit for $4.47 billion

Terraform Labs agrees to a $4.47 billion SEC settlement after a jury verdict on its 2022 collapse that affected investors. The post Terraform Labs settles SEC lawsuit for $4.47 billion appeared first on Crypto Briefing. дальше »

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BREAKING: Terraform to pay $4.47B to resolve SEC civil lawsuit

The settlement would resolve a civil lawsuit filed by the Securities and Exchange Commission following Terraform’s collapse in 2022. дальше »

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Dapper Labs Settles $4M Lawsuit Over NBA Top Shot NFTs

Dapper Labs, the blockchain company known for its NBA Top Shot collectibles, has agreed to settle a class-action lawsuit for $4 million. The settlement addresses allegations that the company violated securities laws. дальше »

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FTX agrees settlement in $24b IRS tax case

FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings. дальше »

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FTX reaches $200M settlement with IRS on tax bill

The agreement, which is subject to court approval, resolves a major hurdle for the FTX bankruptcy process.

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Dapper Labs settlement affirms NBA NFTs are not securities

Dapper Labs’ $4 million settlement deal to conclude a class-action lawsuit against the company maintains that NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou. дальше »

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Bitcoin Advocate Michael Saylor Settles DC Tax Evasion Case for $40 Million

Michael Saylor, a prominent Bitcoin advocate, and his software company, MicroStrategy, have agreed to a $40 million settlement to resolve tax evasion charges levied by the District of Columbia (DC) attorney general. дальше »

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Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit

Dapper Labs has reached a tentative settlement agreement with a group of investors who sued the non-fungible token (NFT) company and its co-founder and CEO Roham Gharegozlou for allegedly violating federal securities laws. дальше »

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Michael Saylor and MicroStrategy settle $40 million tax fraud case without admission of guilt

Washington, D. C. Attorney General Brian Schwalb announced a historic $40 million tax fraud recovery settlement with Michael Saylor and his company, MicroStrategy, according to a June 3 press release. дальше »

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MicroStrategy and Michael Saylor settle tax case for $40M

In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia. дальше »

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Michael Saylor, MicroStrategy to pay $40m in tax evasion settlement

MicroStrategy CEO and Bitcoin supporter Michael Saylor has agreed to the largest income tax settlement deal in Washington D.C.'s history. дальше »

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MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case

The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district. дальше »

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Terraform Labs and Do Kwon Settle with SEC Over TerraUSD Collapse

Terraform Labs and Do Kwon reached a tentative settlement with the SEC over misleading investors before the TerraUSD collapse. The post Terraform Labs and Do Kwon Settle with SEC Over TerraUSD Collapse appeared first on BeInCrypto. дальше »

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Terraform Labs, Do Kwon reach preliminary deal with SEC in TerraUSD case

The U.S. Securities and Exchange Commission and Terraform Labs, along with Do Kwon, have reached a preliminary settlement concerning charges of misleading investors about TerraUSD. Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the… дальше »

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Terraform Labs And Do Kwon Settle SEC Fraud Allegations In Civil Case

Singapore-based Terraform Labs and its founder, Do Kwon, have reached a “tentative settlement” with the US Securities and Exchange Commission (SEC) in a high-profile civil fraud case, as reported by Reuters. дальше »

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Terraform Labs, Do Kwon reach tentative settlement with SEC to end civil lawsuit

Singapore-based Terraform Labs and its founder, Do Kwon, have reached a settlement agreement with the SEC to end the civil lawsuit filed in the US over allegations of defrauding crypto investors. The development comes after a jury in the US District Court for the Southern District of New York found the company and Kwon liable […] The post Terraform Labs, Do Kwon reach tentative settlement with SEC to end civil lawsuit appeared first on CryptoSlate. дальше »

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LUNA price skyrockets as Terraform Labs, Do Kwon agree to settle SEC fraud case

Terraform Labs and its founder Do Kwon have agreed to a tentative settlement with the US Securities and Exchange Commission (SEC). According to court documents filed on Thursday, the Singapore-based crypto entity and Do Kwon had reached the agreement with the US regulator to settle the fraud case on May 29. The development follows a […] дальше »

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Terraform, Do Kwon to reach fraud settlement with SEC

Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June. дальше »

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Just in: PayPal’s stablecoin PAYUSD goes live on Solana (SOL)

PayPal revealed that it has launched its PayPal USD (PYUSD) stablecoin on the Solana (SOL) blockchain. The move aims to ensure cheap and faster transaction settlement for PYUSD users. “The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases.” PYUSD will […] дальше »

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Letitia James warns crypto firms: ‘Play by same rules’ or…

NYAG Letitia James maintained a strict stance on crypto after the $2B Genesis settlement.  NYAG warned other crypto firms to face consequences if they don’t play by the rules. New York AtThe post Letitia James warns crypto firms: ‘Play by same rules’ or… appeared first on AMBCrypto. дальше »

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NY AG Issues Warning for Crypto Companies

Warning comes after NYAG's recent settlement with embattled lender Genesis дальше »

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Horizen Labs Launches zkVerify – The Most Efficient Modular Blockchain for ZK Proof Verification

Horizen Labs is proud to announce the official launch of zkVerify, a dedicated zero-knowledge proof verification network designed for settlement optimization.  дальше »

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Bankruptcy court approves NYAG, Genesis $2 billion settlement

The US Bankruptcy Court for the Southern District of New York has approved the $2 billion settlement between Genesis Global and the New York Attorney General and confirmed the Amended Plan of Reorganization for the defunct company and its subsidiaries. дальше »

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New York Attorney General concludes $2b Genesis settlement

The New York Attorney General Letitia James has reached a $2 billion settlement with Digital Currency Group subsidiary Genesis.  дальше »

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CFTC announces $1.8M settlement against brokerage firm FalconX

The regulator reported the firm voluntarily improved its practices after the CFTC’s civil suit with Binance and its former CEO Changpeng Zhao. дальше »

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Voyager crypto lawsuit: Mark Cuban can face trial after missing settlement talks

Three co-defendants and sports stars in the Voyager Digital lawsuit have agreed to settle with the victims However, Mark Cuban and his team haven’t settled, which could see them face trial inThe post Voyager crypto lawsuit: Mark Cuban can face trial after missing settlement talks appeared first on AMBCrypto. дальше »

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Binance CEO Denounces Nigerian Officials For Alleged Secret Crypto Settlement Proposal

Binance CEO Richard Teng recently denounced the Nigerian authorities’ abuse of power and mistreatment of the crypto exchange executives, including still-detained Tigran Gambaryan. Teng considers it’s time to highlight the implications of the saga between the crypto exchange and the Nigerian regulators on behalf of the business community. дальше »

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FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?

In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.   The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2. дальше »

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Rob Gronkowski crypto promotions: 'Sincere empathy for fans,' says Lawyer

Gronkowski, Oladipo, and Cassill to pay $2.4 million in Voyager lawsuit. The settlement underscores regulatory challenges and investor protection concerns. In a surprising crossover of sportThe post Rob Gronkowski crypto promotions: 'Sincere empathy for fans,' says Lawyer appeared first on AMBCrypto. дальше »

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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Major banks collaborate on a shared ledger PoC to streamline tokenized asset settlements, aiming for a 24/7 interoperable network. The post JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger appeared first on Crypto Briefing. дальше »

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Mastercard, Citi, JPMorgan, Visa Test Distributed Ledger Solutions for Settlements

Mastercard, Visa, JPMorgan, and Citigroup have launched the Regulated Settlement Network, integrating multiple financial elements to revolutionize settlements and enhance efficiency using Distributed Ledger Technology (DLT). дальше »

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