FDIC asked banks to ‘pause’ crypto activities — Court docs
Coinbase chief legal officer Paul Grewal claimed the letters provided evidence that an alleged US government attempt to debank firms “wasn’t just some crypto conspiracy theory.” Go to Source
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IcomTech promoter sentenced to 10 years in prison
The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence. Go to Source
Alex Mashinsky to plead guilty to two charges in plea deal
US authorities charged the former Celsius CEO with seven felony counts related to fraud and misleading users after reaching a “non-prosecution agreement” with the company in 2023. Go to Source
Court blocks ‘Faketoshi’ Craig Wright’s appeal in Bitcoin creator case
The UK Court of Appeal suggested that Craig Wright’s appeal grounds contained “multiple falsehoods,” including reliance upon some “fictitious authorities.” Go to Source
Ex-Binance employee sues UK exchange, alleging bribery: Report
Amrita Srivastava, who worked at Binance from 2022 to 2023, alleged reporting a bribe at the crypto exchange resulted in her dismissal. Go to Source
Oracle Corp again sues crypto firm for alleged trademark infringement
Oracle Corporation sued Crypto Oracle claiming it had “egregiously and flagrantly violated” a past settlement agreement and court injunction. Go to Source
Swan Bitcoin sues its lawyers for picking up Tether as client
Swan Bitcoin sued former employees it alleged got help from Tether, and now accuses its own law firm of malpractice after it picked up the stablecoin issuer as a client. Go to Source
US Attorney behind Sam Bankman-Fried case will resign on Dec. 13
Deputy US Attorney Edward Y. Kim will serve as the acting head for the Southern District of New York until the Senate confirms one of Donald Trump’s nominees. Go to Source
Court prolongs Tornado Cash developer Pertsev’s pre-trial detention
The court decision raises alarming legal concerns for the developers of privacy-preserving blockchain protocols. Go to Source
A New Frontier: Court Authorizes Service of Process Through NFT Airdrop
In a landmark decision highlighting the unique aspects of blockchain technology, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible tokens (NFTs) to anonymous defendants’ digital asset wallets. The following opinion editorial was written by Alex Forehand and Michael Handelsman for … Read more
