Lawyers – DIGIT INFO

Crypto.com sees ‘strong legal footing’ in crypto rulings against SEC

DIGIT — Fri, 18 Oct 2024 12:54:19 +0000

Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said.

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Coinbase narrows subpoena, wants Gensler’s emails during time as SEC Chair

DIGIT — Mon, 15 Jul 2024 23:44:50 +0000

Coinbase initially demanded a subpoena into Gary Gensler’s private communications before his time as SEC Chair but has changed tactics in its latest letter to the judge.

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SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’

DIGIT — Tue, 23 Apr 2024 20:24:55 +0000

Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm. Lead Attorneys in […]

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Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report

DIGIT — Sun, 12 Nov 2023 05:00:11 +0000

The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds.

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SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans

DIGIT — Tue, 10 Oct 2023 11:12:13 +0000

Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers’ involvement in Alameda loan approvals.

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FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor

DIGIT — Wed, 21 Jun 2023 06:01:41 +0000

The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.”

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NBA Hall of Famer Shaq Served in FTX Investor Suit

DIGIT — Tue, 18 Apr 2023 14:30:40 +0000

A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX. Shaquille Served Legal Notice in FTX Lawsuit Outside His […]

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Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

DIGIT — Sun, 16 Apr 2023 12:00:08 +0000

Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean […]

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FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange

DIGIT — Thu, 13 Apr 2023 17:30:01 +0000

FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers […]

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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.

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