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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
Coinbase initially demanded a subpoena into Gary Gensler’s private communications before his time as SEC Chair but has changed tactics in its latest letter to the judge. Go to Source
Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm. Lead Attorneys in … Read more
The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds. Go to Source
Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers’ involvement in Alameda loan approvals. Go to Source
The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.” Go to Source Powered by WPeMatico
A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX. Shaquille Served Legal Notice in FTX Lawsuit Outside His … Read more
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean … Read more
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers … Read more
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
