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The Ethereum Foundation has donated $500,000 to support Tornado Cash co-founder Roman Storm’s legal defense ahead of his July trial on money laundering and sanctions charges. Storm, arrested in August 2023, faces accusations of enabling criminals—including North Korea’s Lazarus Group—to launder over $1 billion through the ethereum ( ETH) privacy tool. Privacy advocates argue that … Read more
Bit Global has officially dropped its $1 billion lawsuit against Coinbase, with both firms agreeing to dismiss the case with prejudice, according to a joint court filing submitted Friday. Antitrust Accusation Dropped The joint stipulation, filed in the U.S. District Court for the Northern District of California, confirms that the dispute between Bit Global Digital … Read more
Coinbase Global, Inc. and its executives face a class action lawsuit alleging they concealed compliance failures and data security risks that caused shareholder losses, according to a complaint filed Thursday in Pennsylvania federal court. Class Action Claims Coinbase Misled Investors Investor Brady Nessler filed the suit in the U.S. District Court for the Eastern District … Read more
The Genesis Litigation Oversight Committee has filed two lawsuits against Digital Currency Group in an effort to recover billions of dollars owed to Genesis Global Capital. Claims of Mismanagement and Fraud The Genesis Litigation Oversight Committee (LOC) has filed two lawsuits against Digital Currency Group Inc. (DCG), seeking recovery in-kind, including more than 1 million … Read more
The legal team for Samourai Wallet co-founders Keonne Rodriguez and William Hill has requested dismissal of criminal charges, citing newly disclosed FinCEN guidance that contradicted prosecutors’ claims and a recent Justice Department policy discouraging “regulation by prosecution” in the crypto sector. Legal Battle Looms as Samourai Founders Cite Brady Violations In a recent court filing … Read more
Federal prosecutors have asked a judge to sentence former Celsius Network CEO Alex Mashinsky to at least 20 years in prison for orchestrating a multiyear fraud that caused over $550 million in losses to cryptocurrency investors. Mashinsky’s $48M Gain from Celsius Collapse Demands 20 Years, Prosecutors Say In a sentencing memorandum filed April 28, the … Read more
The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing the estate of the collapsed cryptocurrency exchange FTX announced on April 28 that it is commencing legal action against token issuers NFT Stars Limited … Read more
SEC’s retreat and XRP’s legal triumph are sidelined as Oregon charges ahead with a new lawsuit against Coinbase, intensifying the war over crypto regulation. Coinbase Says Oregon Ignores SEC Losses, XRP Victory in Crypto Lawsuit Legal tensions surrounding crypto exchange Coinbase have reignited following a new lawsuit filed by Oregon’s Attorney General, adding another chapter … Read more
Coinbase is going on the offensive as Oregon revives a discredited crypto crackdown, slamming the state’s lawsuit as politically driven and dead-on-arrival in court. Coinbase Rips Into Oregon for Rehashing SEC’s Collapsed Crypto Regulation-by-Enforcement Crypto exchange Coinbase revealed on April 18 that it is facing a new securities enforcement action from Oregon’s Attorney General, a … Read more
OpenAI has announced a counter-lawsuit against Elon Musk, alleging that his ongoing actions against the organization are bad-faith tactics aimed at undermining its operations and seizing control of its AI innovations for personal gain. In a statement on X, OpenAI accused Musk of spreading false information about the organization, asserting that it is committed to … Read more
