OpenAI and Microsoft accused of stealing data to train ChatGPT in new class-action suit
The lawsuit alleges that OpenAI’s profits came as a result of using illegally scraped data to train its models. Go to Source
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Appellate judge denies Sam Bankman-Fried’s request for immediate release from jail
The motion from Sam Bankman-Fried’s lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEO’s criminal trial is set to begin in New York. Go to Source
Tornado Cash co-founder pleads not guilty to all charges: Report
Roman Storm, facing charges related to his role in helping create crypto mixer Tornado Cash, has been free on bail following his arrest by U.S. authorities in August. Go to Source
Alex Mashinsky’s assets frozen by US court as part of criminal case
The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform. Go to Source
Sam Bankman-Fried appeal against bail revocation ‘meritless’: Prosecutors
The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions. Go to Source
SBF releases memorandum asking court to block prosecutor filings
Sam Bankman-Fried files a memorandum asking the court to deny recent requests filed by the Department of Justice calling them “unworkable.” Go to Source
Court rules in favor of HelbizCoin investors, class lawsuit to go ahead
A U.S. District Court has upheld claims by HBZ investors that the company acted fraudulently and also asserted that its token violated securities laws. Go to Source
Gala Games founders biff over $130M theft, corporate waste allegations
Gala co-founder Eric Schiermeyer allegedly enriched himself, says his founding peer Wright Thurston, while Schiermeyer says Thurston stole millions. Go to Source
Ripple legal team opposes SEC appeal over XRP decision
Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify as a security. Go to Source
FTX founder’s expert witnesses would cost up to $1.2K an hour
Sam Bankman-Fried’s potential expert witnesses could charge more than the U.S. prosecution witnesses, according to court filings. Go to Source
