Legal fees skyrocket in high-profile crypto bankruptcies
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis. Go to Source
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FTX’s bankruptcy lawyers and advisors pocket $32.5M in February
The reimbursement expenses for FTX’s massive team of legal professionals are just as exorbitant in February as they were the previous month. Go to Source Powered by WPeMatico
Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales
According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment to unsuspecting investors.” Law Firm Seeks Investors Who “Suffered Losses” From Yuga Labs Products The … Read more
Coinbase Meeting With US Lawmakers to Discuss Crypto Regulatory Proposal
The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal. Coinbase Meeting Congress Members and … Read more
Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year
Crypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting more and more crypto companies. Their number has increased for a third consecutive … Read more
Judge Appoints 2 Law Firms to Represent Quadrigacx Clients
Two law firms have been appointed to represent the clients of insolvent Canadian crypto exchange Quadrigacx in court. The number of affected users has been estimated at approximately 115,000 and lawyers will have to contact as many as they can. The digital asset trading platform owes them approximately $190 million. Also read: Hacked NZ Exchange … Read more
World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe
Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also … Read more
