Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset

April 5, 2024 Bitcoin.com

bitcoin.com

In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a confidential meeting and vote resulted in the annulment of earlier judgments made by both the Podgorica Higher Court and the Court […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

US Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison

April 5, 2024 Bitcoin.com

bitcoin.com

A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of victims,” said U.S. Attorney Damian Williams. The Onecoin legal chief was also ordered to forfeit $111,440,000. Onecoin’s Irina Dilkinska Sentenced The U.S. Attorney’s Office for […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

After Sam Bankman-Fried’s Sentencing, Spotlight Turns to Former FTX Associates

April 2, 2024 Bitcoin.com

bitcoin.com

After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle. The Uncertain Road Ahead for FTX’s Co-Conspirators Post-conviction by a jury and subsequent sentencing by Judge […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

Court Dismisses Custodia Bank’s Challenge Against Federal Reserve

March 31, 2024 Bitcoin.com

bitcoin.com

In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master account, marking a setback for the Wyoming-based depository institution. Custodia Bank argued that the Federal Reserve Bank of Kansas City (FRBKC) was legally obliged to grant its application for a master account, a critical financial […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

Quadrigacx Co-Founder Compelled to Account for 45-Bar Gold Stash

March 30, 2024 Bitcoin.com

bitcoin.com

Michael Patryn, co-founder of the now-defunct Quadrigacx cryptocurrency exchange, has been compelled by Canadian officers to explain the origin of his wealth. Patryn must explain how he acquired a stash of 45 gold bars, more than $180,000 in cash, and a jewelry set with a diamond-studded Rolex watch. Quadrigacx Cofounder Must Explain 45 Gold Bar […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

UK Judge Freezes Craig Wright’s Assets Worth $7M Amid Satoshi Nakamoto Identity Dispute

March 29, 2024 Bitcoin.com

UK Judge Freezes Craig Wright’s Assets Worth M Amid Satoshi Nakamoto Identity Dispute

Asset Freeze

After Judge James Mellor in the U.K. rendered his decision in the notable lawsuit initiated by the Crypto Open Patent Alliance (COPA) against Craig Wright, he concluded that Wright did not embody the persona of the pseudonymous Satoshi Nakamoto. Subsequently, Mellor enforced a worldwide injunction on Wright’s holdings, freezing assets valued at £6.7 million (approximately […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets

March 27, 2024 Bitcoin.com

bitcoin.com

New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that Judge Katherine Polk Failla has declined Coinbase’s request to dismiss […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

Beba and Defi Education Fund Sue the SEC Over Its Airdrop Policies

March 26, 2024 Bitcoin.com

airdrops

Texas apparel company Beba and the Defi Education Fund (DEF) have announced a legal complaint against the U.S. SEC. They allege that the SEC has violated Administrative Procedure Act procedures by adopting an encompassing crypto policy without an official rulemaking process. Additionally, the plaintiffs seek to clarify that a token airdropped to its users does […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

FTX CEO Disputes Sam Bankman-Fried’s Claims of Solvency and No Harm to Creditors

March 23, 2024 Bitcoin.com

100000 bitcoins

John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer and CEO Debunks Bankman-Fried’s FTX Solvency Claims John J. Ray III outlined the extensive efforts made to […]

‘It Could Get Ugly’: Analyst Says Bitcoin Could Lose Major Support Level and Plunge Lower – Here Are His Targets

New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing

March 22, 2024 Bitcoin.com

Bankruptcy

A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN research paper entitled “Conflicting Public and Private Interests in Chapter 11” meticulously explores the controversial […]

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