lawyer – DIGIT INFO

BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe

DIGIT — Fri, 07 Jul 2023 05:41:00 +0000

Some DAO members joked about the situation while others believed there may be an ulterior motive at play.

FBI searched Kraken co-founder’s home in March: Report

DIGIT — Fri, 07 Jul 2023 00:17:15 +0000

Electronic devices were seized from former Kraken CEO Jesse Powell’s Los Angeles home in connection to a non-crypto-related investigation into alleged hacking and cyberstalking.

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Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers

DIGIT — Wed, 31 May 2023 04:01:00 +0000

Michael Kanovitz, a lawyer threatening to file a class action against Ben.eth, says the PSYOP scheme bear similarities to cases that have seen SEC enforcement.

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Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

DIGIT — Sat, 01 Apr 2023 05:19:59 +0000

Investors pointed to Musk’s portrayal of “a fictitious financial expert” during a Saturday Night Live appearance, where he referred to Dogecoin as “a hustle,” as a reference point in the lawsuit.

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Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

DIGIT — Tue, 14 Mar 2023 14:00:02 +0000

The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: […]

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Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases

DIGIT — Wed, 01 Mar 2023 21:30:23 +0000

Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are securities. However, Stuart Alderoty, Ripple’s chief legal officer, argues that Gensler must “recuse himself from voting on any enforcement case […]

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US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawyer Says

DIGIT — Fri, 24 Feb 2023 04:30:04 +0000

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 […]

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Voyager victim calls for trustee to seize control of the estate

DIGIT — Thu, 02 Feb 2023 06:15:26 +0000

The 120-page motion came from a creditor who asked for the appointment of a chapter 11 trustee citing alleged fraud and incompetence at Voyager.

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Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius

DIGIT — Wed, 04 Jan 2023 22:30:47 +0000

Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius […]

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SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’

DIGIT — Wed, 14 Dec 2022 15:00:38 +0000

On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents Joseph Bankman and Barbara Fried attended […]

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