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
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EMAX class action against Kim K and Mayweather is back on, says judge
While a federal judge dismissed the lawsuit last year, U.S. District Judge Michael Fitzgerald has given the plaintiffs a new chance at pursuing action against the celebrities. Go to Source Powered by WPeMatico
Binance.US says user funds ‘remain safe’ amid SEC attempt to freeze assets
The U.S.-based exchange said it’s “fully operational” and called the SEC’s motion “unwarranted.” Go to Source Powered by WPeMatico
Coinbase CEO responds to SEC suit, says team is ‘confidant’ in facts and law
In a social media post, Brian Armstrong said he thinks the SEC’s rules are unclear and that the courts need to make rulings to clarify them. Go to Source Powered by WPeMatico
Binance off the hook from $8M Tinder ‘pig butchering’ lawsuit
The plaintiff, a Texan woman, initially blamed Binance for losing $8 million in a pig butchering scam that began on Tinder. Go to Source Powered by WPeMatico
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty. Go to Source Powered by WPeMatico
Terraform Labs seeks to dismiss class action arguing US laws don’t apply
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs. Go to Source Powered by WPeMatico
Ava Labs founder awarded $3M in crypto defamation suit
Emin Gün Sirer, the founder and CEO of Ava Labs, has been awarded millions in damages after an influencer publicly accused him of being part of a Turkish terrorist group in 2021. Go to Source Powered by WPeMatico
Coinbase faces suit over alleged privacy violations in biometrics collection
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans. Go to Source Powered by WPeMatico
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention. Go to Source Powered by WPeMatico