FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor

The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.”

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Crypto Lawyers Dispute SEC Chief's Jurisdiction Claims

Lawyers for the cryptocurrency industry have challenged recent comments made by the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, in which he claimed that all cryptocurrencies except Bitcoin fall under the agency's jurisdiction. The lawyers argue that the SEC must prove its case in court for each token individually before it can claim jurisdiction over them. (Read More)

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'It would be absurd' for a US court to rule private NFTs as securities: Lawyer

The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security.

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NFT court orders could become a norm in crypto-related litigation: Lawyers

Despite whether the defendant sees the court notice, getting served by NFT "limits what the defendant" can do with the funds according to legal experts.

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What If Lawyers Had Vetted The Bitcoin White Paper?

The surge in “crypto lawyers” attempting to enter the ecosystem makes one wonder what they would have done to Bitcoin if they had the chance.

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Why Are Former FTX CEO SBF Lawyers Under Scrutiny?

United States Prosecutors have alleged that there may be conflict of interest over the fact that former CEO of now-defunct crypto exchange FTX Sam Bankman-Fried, and bankrupt crypto lending platform CEO Alex Mashinsky have the same lawyers. The prosecutors highlight the fact that Celsius positions itself as a victim of Alameda Research. This only intensifies...

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Argentine Lawyers Lodge Complaint with US Department of Justice and FBI over LIBRA Controversy

Argentinian legal representative files grievance against US DOJ and FBI over Libra investigations An Argentinian lawyer has raised concerns regarding the investigation conducted by the United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) into the Libra cryptocurrency project. The lawyer, Javier Milei, has filed a formal complaint against the US [...]

The post Argentine Lawyers Lodge Complaint with US Department of Justice and FBI over LIBRA Controversy appeared first on Crypto Breaking News.

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Pantera Founder Under Tax Probe and Milei Accused of Fraud by Argentine Lawyers: A Legal Overview

Pantera Capital Co-Founder Faces Tax Investigation and Milei Fraud Charges: Decoding the Legal Situation Recently, Pantera Capital co-founder, Dan Morehead, found himself embroiled in a tax probe and facing fraud charges in relation to his involvement with Milei, a cryptocurrency project. This turn of events has left the crypto community in a state of shock [...]

The post Pantera Founder Under Tax Probe and Milei Accused of Fraud by Argentine Lawyers: A Legal Overview appeared first on Crypto Breaking News.

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Argentine lawyers file fraud charges and launch class action against Milei for LIBRA scam

In a bold move, a group of attorneys in Argentina have filed charges of fraud against President Milei for his involvement in promoting cryptocurrency. The lawyers accuse Milei of misleading the public with false promises about the benefits of investing in digital assets. This legal action comes amidst a surge in cryptocurrency interest in Argentina, [...]

The post Argentine lawyers file fraud charges and launch class action against Milei for LIBRA scam appeared first on Crypto Breaking News.

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5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle

The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving SBF’s legal team to juggle two cases in the future. 5 Counts Against SBF Severed [...]

The post 5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle appeared first on Crypto Breaking News.

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Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean [...]

The post Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils appeared first on Crypto Breaking News.

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Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges

Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges Thursday. A U.S. judge has set Mashinsky’s bail at $40 million and restricted [...]

The post Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges appeared first on Crypto Breaking News.

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Winners and losers of 2024: A year of all-time highs, hacks and hodling

Crypto lawyers, Bitcoin hodlers and memecoin entrepreneurs were some of the biggest winners of 2024.

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Push to ban ransomware payments following Australia's biggest cyber attack

The attack on Latitude Financial is Australia’s biggest cyber attack with driver's license numbers, passports and financial documents among the stolen information.

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FTX's bankruptcy lawyers and advisors pocket $32.5M in February

The reimbursement expenses for FTX’s massive team of legal professionals are just as exorbitant in February as they were the previous month.

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Crypto.com sees strong legal footing in crypto rulings against SEC

Previous crypto rulings against the SEC have put Crypto.com on a strong legal footing in its lawsuit against the regulator, its chief legal officer Nick Lundgren said.

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Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers

Whether XRP is ruled as a security or not in the Ripple case will certainly have an influence on the two latest crypto exchange lawsuits, crypto lawyers told Cointelegraph.

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Wakweli partners with Blockchain Lawyers Group for solid Web3 legal expertise

Web3 protocol Wakweli has partnered with the Blockchain Lawyers Group (BLG). The partnership is aimed at enhancing a solid Web3 legal expertise and enabling deeper protocol refinements for the Proof-of-Democracy (PoD) consensus algorithm.  The Blockchain Lawyers Group is a global network of legal professionals with significant experience in blockchain and crypto-related matters. It works to …

<p>The post Wakweli partners with Blockchain Lawyers Group for solid Web3 legal expertise first appeared on CCNC | Cryptocurrency Newscast.</p>

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