As the legal battle begins between crypto executive Sam Bankman-Fried and an insurance company over defense costs in a lawsuit, the opening statements of the trial promise to be dramatic and closely watched.
The Commodity Futures Trading Commission (CFTC) has announced a lawsuit against Mosaic Exchange, alleging that the unregulated platform violated U.S. regulations by operating a fraudulent crypto scheme.
FTX has filed a lawsuit against two former employees of its Hong Kong affiliate. The lawsuit accuses the ex-employees of failing to return confidential information belonging to the company after their resignation.
FTX sued several former employees of its Hong Kong affiliate, claiming they unlawfully made off with $157 million. The exchange is seeking reimbursement for the funds, plus damages.
An ongoing shareholder campaign is fighting to reclaim customers’ Bitcoin from a Grayscale lawsuit, arguing that the fund was “wrongfully enriched.” The campaign demands that the crypto holdings are returned to their original owners.
Grayscale Investments Inc. won a major victory after US regulators settled a case this week concerning the company’s right to convert its investment fund – backed by Bitcoin – to a spot Bitcoin exchange traded fund.
Cryptocurrency wallet provider Atomic Wallet has been hit with a lawsuit seeking to recover losses associated with the alleged theft of over $100 million in cryptocurrencies. This follows news of a major cyberattack on the wallet that left some users and investors in the lurch.
In a remarkable turn of fate, Ripple’s legal battle against the U.S. Securities and Exchange Commission has cost Ripple’s XRP token nearly 3 years of adoption, according to Ripple lawyer Stuart Alderoty.
Gemini Trust Co., owned by the Winklevoss twins, has put forth a motion to dismiss the Securities and Exchange Commission’s lawsuit against Gemini for allegedly selling unregistered securities.
Gryphon Digital has applied for a court motion to dismiss a lawsuit made by Sphere 3D, claiming they are not liable for any of the damages Sphere 3D has alleged. The lawsuit claims technology fraud and breach of contract relating to the previous sale of certain assets.