legal action

Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement

September 14, 2022 Bitcoin.com

1.2 billion

According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo Seeks Damages From […]

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach

Celsius Countersues Keyfi Founder, Company Claims Millions Were Stolen From Crypto Lender’s Wallets

August 24, 2022 Bitcoin.com

0xb1 address

Roughly seven weeks after Keyfi founder Jason Stone filed a lawsuit against the crypto lender Celsius, the company has filed a countersuit against Stone claiming that he stole millions from Celsius wallets and allegedly “pocketed seven-figure returns.” Stone’s attorney Kyle Roche says the lawsuit is an attempt to “rewrite history,” and to use Stone as […]

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach

Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing

August 16, 2022 Bitcoin.com

1.2 billion

Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021. Galaxy Ends Deal With the Crypto Custodian Bitgo On […]

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach

Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’

July 8, 2022 Bitcoin.com

0xb1 address

On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team found “major problems in how the company operated,” and Stone told Celsius his […]

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach

Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions

May 12, 2022 Bitcoin.com

bitcoin.com

Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects US Accusations as Unfounded, Sees No Legal Ground for Sanctions Leading Russian […]

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach

“Parody” Token Struck Down by Estate of J.R.R. Tolkien

November 25, 2021 The Crypto Briefing

Source: Crypto Briefing Go to Source Author: Brooks Butler

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach

NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

June 9, 2021 Bitcoin.com

Attorney General

The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of the shutdown, Coinseed’s CEO said he created an ERC20 token called “FLJ” […]

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach

US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors

May 8, 2021 Bitcoin.com

Attorney General

New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the crypto exchange but the platform allegedly continued to operate and dupe investors. US Authorities Take Urgent Action Against Coinseed The Office of Attorney General Letitia […]

Read more

Cybersecurity Wake-Up Call – Lessons From Bybit’s $1.5 Billion Breach