What to expect at Nishad Singh’s sentencing hearing
After pleading guilty to six felony charges in February 2023 after FTX’s collapse, the former engineering director could face years in prison. Go to Source
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Homeowner fails to sue insurer over $170K crypto theft in appeals court
A United States appeals court said a federal court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss. Go to Source
US govt cites ex-FTX exec’s ‘exemplary cooperation’ before sentencing
Prosecutors asked Judge Lewis Kaplan to consider Nishad Singh’s “substantial assistance” to the government in its case against Sam Bankman-Fried at sentencing. Go to Source
Former Celsius CEO to return to court on Nov. 13
Judge John Koeltl ordered Alex Mashinsky and prosecutors to appear in court on Nov. 13 to address the former Celsius CEO’s motion to dismiss fraud and market manipulation charges. Go to Source
Judge delays sentencing of IcomTech promoter to allow testimony
Gustavo Rodriguez, who was initially scheduled to be sentenced following his conviction for conspiracy to commit wire fraud, will testify under oath on Oct. 25. Go to Source
Liminal challenges WazirX’s accusations after $235M security breach
According to Liminal, 75 days after the hack, WazirX still had more than $175 million in its custody despite blaming the custodian for causing the breach. Go to Source
Indicted NYC mayor leaves questionable crypto legacy as controversy mounts
Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub. Go to Source
Crypto.com sees ‘strong legal footing’ in crypto rulings against SEC
Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said. Go to Source
SEC’s Ripple appeal doesn’t challenge XRP non-security status
Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security. Go to Source
Bitcoin price drops under $67K as investors chase profit in stocks
Bitcoin pulled back from its range high as investors moved to greener pastures, but a possible misstep by the SEC could benefit BTC. Go to Source
