law firms – DIGIT INFO

Legal fees skyrocket in high-profile crypto bankruptcies

DIGIT — Fri, 31 May 2024 09:53:10 +0000

High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.

Go to Source

FTX’s bankruptcy lawyers and advisors pocket $32.5M in February

DIGIT — Tue, 11 Apr 2023 05:22:54 +0000

The reimbursement expenses for FTX’s massive team of legal professionals are just as exorbitant in February as they were the previous month.

Go to Source

Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales

DIGIT — Mon, 25 Jul 2022 14:00:11 +0000

According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment to unsuspecting investors.” Law Firm Seeks Investors Who “Suffered Losses” From Yuga Labs Products The […]

Go to Source

Coinbase Meeting With US Lawmakers to Discuss Crypto Regulatory Proposal

DIGIT — Sun, 03 Oct 2021 23:19:43 +0000

The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal. Coinbase Meeting Congress Members and […]

Go to Source

Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year

DIGIT — Sat, 25 Jan 2020 23:00:47 +0000

Crypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting more and more crypto companies. Their number has increased for a third consecutive […]

The post Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year appeared first on Bitcoin News.

Go to Source

Judge Appoints 2 Law Firms to Represent Quadrigacx Clients

DIGIT — Wed, 20 Feb 2019 17:15:47 +0000

Two law firms have been appointed to represent the clients of insolvent Canadian crypto exchange Quadrigacx in court. The number of affected users has been estimated at approximately 115,000 and lawyers will have to contact as many as they can. The digital asset trading platform owes them approximately $190 million. Also read: Hacked NZ Exchange […]

The post Judge Appoints 2 Law Firms to Represent Quadrigacx Clients appeared first on Bitcoin News.

Go to Source

World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

DIGIT — Sun, 21 Oct 2018 06:10:56 +0000

Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also […]

The post World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe appeared first on Bitcoin News.

Go to Source