The FTX estate is seeking a court order to freeze payouts to creditors in ‘restricted’ countries amidst ongoing bankruptcy proceedings. This move aims to ensure compliance with regulatory obligations, protecting the estate from potential legal complications.
The SEC, alongside Tron founder Justin Sun, has submitted a request to the court to pause the ongoing fraud case. They cite the possibility of a resolution that could address the issues at hand, aiming to expedite negotiations and settlements.
At Nishad Singh’s sentencing hearing, expect a pivotal moment as justice unfolds. Dive into the courtroom drama with anticipation and a quest for closure.
Prosecutors are recommending Heather Morgan, known online as “Razzlekhan,” serve 18 months in prison for her involvement in a cryptocurrency money laundering scheme. Morgan and her husband, Ilya Lichtenstein, were arrested in February 2022 for allegedly laundering $4.5 billion in stolen Bitcoin. Prosecutors argue that Morgan played a “crucial” role in the scheme by using her digital marketing expertise to promote their laundering services. Morgan’s defense attorneys have requested leniency, citing her lack of criminal history and her cooperation with investigators. The sentencing hearing is scheduled for February 28, 2023.
Media stocks rallied on Tuesday as a federal court temporarily blocked the Justice Department from enforcing an antitrust lawsuit against Google, removing a major threat to the search giant and its peers. The ruling sent shares of Google parent company Alphabet up 7%, while Facebook rose 4% and Twitter gained 3%.
The lawsuit, which was filed in October 2020, alleges that Google has abused its dominance in the online search market to stifle competition and harm consumers. The government has argued that Google’s dominance has allowed it to control the flow of information online and to discriminate against its rivals.
But the court on Tuesday ruled that the government had not shown that Google’s conduct had actually harmed competition or consumers. The court also said that the government’s proposed remedy—breaking up Google—was not necessary to address any potential harm.
Terraform Labs has requested a court order requiring Citadel to provide it with data relating to its recent depegging from the UST.The move comes in an effort to shed light on the details of the transaction.
The U.S. Department of Justice has filed a motion to stop Sam Bankman-Fried, the CEO of software company Alameda Research, from bringing up the company’s recent efforts to create an “Anthropic AI” in court. The DOJ contends that the topic is irrelevant to the case and should not be discussed.
BlockFi, a cryptocurrency lenders, has received approval from a federal court to move forward on its plan to repay customers affected by a recent data breach. The consent judgment aims to provide relief to those who lost money in the incident.
The Securities and Exchange Commission has submitted a request to the U.S. Court of Appeals to help settle the ongoing dispute between the regulator and Ripple. The SEC is urging the court to grant Ripple’s appeal in the latest filing.
In a new court filing, Ripple Labs Inc. seeks to block the U.S. Securities and Exchange Commission’s request to appeal a recent decision that ruled XRP is not a security. Ripple believes the SEC lacked evidence to prove it is a security.