US Supreme Court halts Coinbase cases in its first crypto ruling
The United States Supreme Court ruled in favor of Coinbase in its first-ever opinion on a cryptocurrency case on June 23. Go to Source Powered by WPeMatico
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Binance, Binance.US, and CZ allege SEC made ‘misleading’ statements on exchange assets
The legal motion referred to the SEC publicly claiming CZ and Binance could “commingle customer assets or divert customer assets”, despite a court transcript suggesting otherwise. Go to Source Powered by WPeMatico
FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor
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
Mango Markets exploiter behind alleged $116M theft will stand trial in December
Avraham Eisenberg faces civil lawsuits from the U.S. Commodity Futures Trading Commission, Securities and Exchange Commission and Mango Markets and criminal charges from the DoJ. Go to Source Powered by WPeMatico
SEC asks for more time to respond to Coinbase call for crypto clarity
The securities regulator said it would make a recommendation within 120 days on Coinbase’s rulemaking request, but says the action has “no merit.” Go to Source Powered by WPeMatico
SEC and Binance seek compromise on US assets freeze
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order. Go to Source Powered by WPeMatico
US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital
Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022. Go to Source Powered by WPeMatico
FTX argues releasing ‘valuable’ customer list will harm its sale value
Releasing the nine million-strong list of customers would “impair” the ability to maximize value for FTX creditors, a banker for the exchange said. Go to Source Powered by WPeMatico
SEC’s crypto actions surged 183% in 6 months after the FTX collapse
The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX. Go to Source Powered by WPeMatico
Do Kwon could serve prison in both US and South Korea, prosecutor says
South Korean senior prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes better sense, but suggested Kwon could also serve time in the US too. Go to Source Powered by WPeMatico