The soccer star’s Binance-tied NFTs allegedly promoted investments in unregistered securities on the crypto exchange.
Category: suit
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SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds
The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency.
Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC
The SEC derided Binance’s request to have the regulator’s suit thrown out, claiming the crypto exchange hasn’t correctly applied the law.
Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.
SEC asks judge to reject Coinbase’s motion to dismiss lawsuit
The regulator has asked a federal judge to deny Coinbase’s motion to dismiss its lawsuit, claiming the exchange knew the cryptocurrencies it sold were securities under the Howey test.
Australian financial regulator sues eToro over ‘volatile’ trading products
The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them on the platform.
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Binance.US says user funds ‘remain safe’ amid SEC attempt to freeze assets
The U.S.-based exchange said it’s “fully operational” and called the SEC’s motion “unwarranted.”
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Coinbase faces suit over alleged privacy violations in biometrics collection
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans.
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FTX Customers File Class Action to Claim Assets Within Bankruptcy Case
A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their holdings with the trading platform belong to them rather than the failed company. Customers […]Powered by WPeMatico
Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules
Since its implosion back in 2014, the Mt. Gox exchange hacks continue to loom large within the cryptocurrency ecosystem. The U.S. District Court for the Eastern District of Pennsylvania determined recently it does not have jurisdiction in a case involving Gox victims and a bank closely associated, in effect condemning victims to redress their grievances […]
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