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The Genesis Litigation Oversight Committee has filed two lawsuits against Digital Currency Group in an effort to recover billions of dollars owed to Genesis Global Capital. Claims of Mismanagement and Fraud The Genesis Litigation Oversight Committee (LOC) has filed two lawsuits against Digital Currency Group Inc. (DCG), seeking recovery in-kind, including more than 1 million … Read more
The legal team for Samourai Wallet co-founders Keonne Rodriguez and William Hill has requested dismissal of criminal charges, citing newly disclosed FinCEN guidance that contradicted prosecutors’ claims and a recent Justice Department policy discouraging “regulation by prosecution” in the crypto sector. Legal Battle Looms as Samourai Founders Cite Brady Violations In a recent court filing … Read more
Federal prosecutors have asked a judge to sentence former Celsius Network CEO Alex Mashinsky to at least 20 years in prison for orchestrating a multiyear fraud that caused over $550 million in losses to cryptocurrency investors. Mashinsky’s $48M Gain from Celsius Collapse Demands 20 Years, Prosecutors Say In a sentencing memorandum filed April 28, the … Read more
The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing the estate of the collapsed cryptocurrency exchange FTX announced on April 28 that it is commencing legal action against token issuers NFT Stars Limited … Read more
SEC’s retreat and XRP’s legal triumph are sidelined as Oregon charges ahead with a new lawsuit against Coinbase, intensifying the war over crypto regulation. Coinbase Says Oregon Ignores SEC Losses, XRP Victory in Crypto Lawsuit Legal tensions surrounding crypto exchange Coinbase have reignited following a new lawsuit filed by Oregon’s Attorney General, adding another chapter … Read more
Coinbase is going on the offensive as Oregon revives a discredited crypto crackdown, slamming the state’s lawsuit as politically driven and dead-on-arrival in court. Coinbase Rips Into Oregon for Rehashing SEC’s Collapsed Crypto Regulation-by-Enforcement Crypto exchange Coinbase revealed on April 18 that it is facing a new securities enforcement action from Oregon’s Attorney General, a … Read more
OpenAI has announced a counter-lawsuit against Elon Musk, alleging that his ongoing actions against the organization are bad-faith tactics aimed at undermining its operations and seizing control of its AI innovations for personal gain. In a statement on X, OpenAI accused Musk of spreading false information about the organization, asserting that it is committed to … Read more
The class action lawsuit, filed by Burwick Law before the Supreme Court of New York, alleges that Kelsier Ventures, KIP Protocol, Meteora, and other related parties orchestrated an unfair token launch, misleading purchasers and harming Libra’s retail investors. Burwick Law Introduces Class Action Lawsuit Against Libra Token Co-Founders La Libertad Avanza, better known as the … Read more
The U.S. Securities and Exchange Commission (SEC) plans to drop its enforcement lawsuit against Consensys’ Metamask wallet, CEO Joe Lubin announced Feb. 27, 2025, citing a regulatory pivot under new leadership pending commissioner approval. Subject to the Approval of the Commission, SEC Dismisses Metamask Lawsuit The SEC sued Consensys last year, alleging Metamask operated as … Read more
Burwick Law and Wolf Popper LLP have issued a cease-and-desist letter to Pump.fun, demanding the immediate removal of certain tokens deployed on the Solana-based platform that allegedly misuse their intellectual property (IP) and likenesses of their employees. Law Firms Demand Pump.fun Remove Tokens Impersonating Their Brand The law firms cited one specific token as a … Read more
