DOJ seeks to narrow Sam Bankman-Fried’s bail terms, use only flip phones
The proposal restricts Sam Bankman-Fried communication to a flip phone or other non-smartphone device with no internet access. Go to Source Powered by WPeMatico
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The metaverse is testing the limits of what is legally possible
While digital events and spaces have become increasingly common over the last few years, is the digital reality the right place for all types of moments, such as court proceedings? Go to Source Powered by WPeMatico
Binance US restructuring plan favored by 97% of Voyager customers
An overwhelming majority of Voyager account holders want Binance US to buy out the firm’s assets. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s lawyers request extension for bail condition proposal
According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert. Go to Source Powered by WPeMatico
US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawyer Says
Crypto exchange BTC-e’s alleged operator Alexander Vinnik may be a candidate for prisoner swap between the United States and Russia. That’s according to a statement by one of his lawyers for Russian media. The latest court hearing in Vinnik’s case has been postponed. Russian Accused of Laundering Billions Through Crypto May Return Home, According to … Read more
Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges
The original indictment against the former FTX CEO included eight criminal charges without breaking down separate counts involving his alleged actions at both FTX and Alameda. Go to Source Powered by WPeMatico
CoinEx crypto exchange sued by New York for failing to register with state
The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet addresses originating from New York. Go to Source Powered by WPeMatico
Dapper Lab’s NBA Top Shot Moments qualify as a security, says U.S. judge
Federal judge Victor Marreo reviewed the Howey Test, which determines whether the NFTs qualified as an investment contract subject to U.S. securities laws. Upon denying the motion, the court authorized the case to proceed. Go to Source Powered by WPeMatico
US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets. FTC’s Objection to Voyager’s Proposed Sale Plan Could Impact Bankruptcy … Read more
Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming
Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the Super Bowl through a foreign subscription service he had purchased before his arrest. Prosecutors, … Read more