Canadian court orders $1.2M Bitcoin loan repayment
The Supreme Court of British Columbia has ordered $1.2 million in damages to be paid in a Bitcoin-related loan dispute, reflecting the growing legal acceptance of cryptocurrencies.
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The Supreme Court of British Columbia has ordered $1.2 million in damages to be paid in a Bitcoin-related loan dispute, reflecting the growing legal acceptance of cryptocurrencies.
The court said the DAOs financial details should be known to both sides as they hash out ownership and control issues.
The attempt to trademark ZK-proofs is like a baker trying to impose a blanket patent on bread, according to StarkWares CEO.
FDUSD depegged to $0.87, and Wintermute capitalized on it, making $3 million in profit
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge representing their cases has affirmed the intent of the firms to put [...]
The post Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution appeared first on Crypto Breaking News.
Video Courtesy of CNBC
Crypto can be moved with a level of secrecy that traditional wealth just can't match. If someone keeps their crypto on the exchange they bought it from, the process is no different than if it were a normal bank account.
But when one side of a divorcing couple believes the other is hiding crypto, full self-custody in a 'secret' wallet only they know the details of - This is where our new-age professionals, the crypto hunters, step in.
Because more and more divorces are involving crypto, law firms find themselves with with more work than the small number of professional crypto hunters can handle.
Here's some of the main skills they're looking for when hiring someone to help track down hidden crypto:
- Experience in Digital Forensics.
It's all about examining those cryptic trails left by crypto transactions. Yes, they're recorded on the blockchain's public ledger, but retracing these to an individual isn't always easy. It requires a keen understanding of this complex tech and the tools of the trade involve digging through files, even deleted ones, on any device that may have used. Even old cell phones left behind can sometimes lead investigators to someone's digital hiding spot.
- Ability to work closely with Legal Teams.
These hunters often work hand-in-hand with solicitors and financial advisors, equipping them with the intelligence they need to stand up for their client. This might involve presenting evidence in court, creating comprehensive reports, or advising on the potential ramifications of the assets.
- Lastly, work while preserving the Confidentiality of those involved.
Given the sensitive nature of their work, maintaining stringent confidentiality is paramount. They ensure that every step of the process adheres to all relevant privacy laws and standards.
So, if you know your way around blockchain technology, digital forensics, finance, and law - your help is wanted in the ever-evolving landscape of divorce proceedings.
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Author: Mark Pippen
London News Desk
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In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may extend “forbearance” to DCG in order to prevent a default. DCG’s Alleged [...]
The post DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini appeared first on Crypto Breaking News.
Canadian citizens are being advised to double-check crypto trading service providers as they may be using “fictitious” regulatory bodies to boost their credibility. According to a June 20 Investor Alert from the Canadian Securities Administrators (CSA) some “purported” crypto platforms are claiming to be approved by certain regulatory authorities or dispute resolution organizations in “an [...]
The post Crypto firms tout ‘fictitious’ regulatory stamps, Canadian regulator warns appeared first on Crypto Breaking News.
Attorneys representing Avraham Eisenberg argued he had already settled his dispute with Mango DAO and shouldn't have to pay back any more funds.
Canceled bonuses, pay disputes, massive layoffs and a communication blackout has been claimed as part of the goings-on at the crypto exchange.
The Gibraltar Court has recently made the decision to freeze all assets of the crypto gaming company, Internal Biff. This action comes following allegations of fraudulent activities and financial misconduct within the organization. Gibraltar, known for its stringent regulations in the cryptocurrency and gaming industries, is taking a proactive stance to ensure investor protection and [...]
The post Gibraltar Court Halts $7M Worth of PLAY Tokens Amid Crypto Gaming Company’s Internal Dispute appeared first on Crypto Breaking News.
Singapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law. (Read More)
An apparent business partner of Rebase's co-founder claims he was pushed out of the firm and funds he owned were moved from a joint crypto wallet.
Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang, co-founder of FTX. The legal action stems from the exchange’s ambitious FTX Stocks project, [...]
The post FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project appeared first on Crypto Breaking News.
On June 15, the San Francisco-based cryptocurrency exchange Coinbase announced that customers can now earn 4% rewards on the stablecoin USDC. The news follows Coinbase’s current dispute with the U.S. Securities and Exchange Commission (SEC) over the firm’s staking-as-a-service product. Coinbase Rolls Out 4% Stablecoin Rewards for Global Customers, Except Hawaii Residents Coinbase is now [...]
The post Coinbase Introduces 4% USDC Rewards Amidst SEC Dispute appeared first on Crypto Breaking News.
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that Coinex will pay $1.7 million in penalties and refunds and is barred from operating its [...]
The post Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market appeared first on Crypto Breaking News.
In a legal document lodged on July 13, 2023, Sam Bankman-Fried, the former chief executive officer and founder of FTX, expressed his desire for his “close friends” to drop by his parents’ residence “without the need for a security guard to be present.” The plea from Bankman-Fried petitioned the court to maintain confidentiality regarding the [...]
The post Bankman-Fried Requests Court’s Approval for a Mystery List of Visitors to Drop by Without Security appeared first on Crypto Breaking News.
Mark Longo, owner of Peanut the Squirrel, accused Binance of using his Peanuts likeness without permission to promote the PNUT memecoin.
Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute.
The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.
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