Defunct cryptocurrency exchange FTX filed a lawsuit on Sept. 21 against former employees of the Hong Kong-incorporated company Salameda, which was previously affiliated with the FTX group, according to court documents.The court filing says FTX seeks to recover $157.3 million that it claims
"Indeed, since 2019, Congress has considered more than a dozen proposals that would provide a coherent and workable framework for crypto assets and their trading platforms," the filing said. "Critically, none of those proposals would confer sole regulatory jurisdiction over the crypto industry
The Author’s Guild in the United States opened a class-action lawsuit against the Microsoft-backed OpenAI on Sept. 19 due to its alleged misuse of copyrighted material in the training of its artificial intelligence (AI) models.According to court documents, the oldest and largest professional
NRL quarterback player Trevor Lawrence and YouTube influencers Kevin Paffrath and Tom Nash have reportedly settled a lawsuit over alleged inadequate compensation disclosure in their promotions for the now-defunct FTX crypto exchange.According to a Sept. 16 Bloomberg report, the three high-profile individuals have
The SEC filed suit in 2022 alleging the blockchain-based file-sharing network had violated federal securities laws with the sale of its native LBRY credits (LBC), which the firm maintained were not securities. A New Hampshire judge ruled in favor of the SEC in
A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place. Source link
A United States District Court judge has called Ether (ETH) a commodity in her dismissal of a class action lawsuit against the decentralized exchange Uniswap.In an Aug. 30 dismissal order of the case brought by Uniswap users who claimed they lost money due
A knock-on effect of Grayscale’s recent favorable ruling against the U.S. Securities and Exchange Commission is that it potentially render meaningless a lawsuit brought by FTX affiliate Alameda Research, which called for the Grayscale Bitcoin Trust to reduce its fees and implement a
Crypto asset manager Grayscale Bitcoin Trust (GBTC) has scored a major victory against the United States Securities and Exchange Commission (SEC) in its efforts to convert its over-the-counter GBTC application into a listed Bitcoin ETF.According to August 29 court filings, U.S. Court of
A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June.Dozens of high-net worth investors from Russia and the Commonwealth of Independent States are part of the class
