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
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Judge dismisses class-action suit against Uniswap over token scam losses
The judge showed rare understanding of DeFi technology and stated the defendants would do better to address their complaints to Congress. Go to Source
Ensuring integrity of blockchain transactions: Trust through audits
Reliable auditing procedures are important for ensuring the integrity of blockchain networks. Go to Source Powered by WPeMatico
Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple. Go to Source Powered by WPeMatico
CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool. Go to Source Powered by WPeMatico
FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case
Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too. Go to Source Powered by WPeMatico
National Australia Bank joins crypto exchange boycott, cites ‘scams’
National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams. Go to Source Powered by WPeMatico
CFTC issues $54M default judgment against trader in crypto fraud scheme
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body. Go to Source Powered by WPeMatico
FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations
Tracing funds is highly challenging, according to the FTX Debtors’ second interim report, and there is no doubt that that was by design. Go to Source Powered by WPeMatico
FTX seeks to claw $700M from Bankman Fried friends and affiliated funds
After a Hollywood dinner party, hundreds of millions of dollars of “avoidable” transfers were sent from Alameda to investment firm K5 Global, the suit alleges. Go to Source Powered by WPeMatico
