SEC Sues Bankrupt Crypto Lender Celsius, Alleges Misrepresentation of Customer Count and Risky Practices

The U.S. Securities and Exchange Commission has filed a lawsuit against the now-defunct cryptocurrency lender, Celsius. The suit, filed Thursday, also names former CEO Alexander “Alex” Mashinsky as a defendant. Both he and the company stand accused of falsely promising investors a safe investment with high returns. Bankrupt Crypto Lender Celsius Accused by SEC of [...]

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US DOJ, SEC back suit against Nvidia, EU drafting AI Code of Practice Law Decoded

Nvidia faces renewed scrutiny over alleged misrepresentation in crypto mining-related sales, with the US DOJ and SEC backing the case.

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FTX’s former law firm hit with lawsuit alleging it set up shadowy entities

The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.

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