legal proceedings – DIGIT INFO

Nigeria defends Binance exec prosecution amid US lawmakers’ criticism

DIGIT — Thu, 06 Jun 2024 07:12:50 +0000

The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law.

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Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame

DIGIT — Wed, 22 May 2024 18:00:58 +0000

Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient punishment of no more than 18 months. Clash Over Sentencing: Prosecutors Demand 5-7 Years […]

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Bitcoin.com Addresses Charges Against Early Investor and Founder Roger Ver

DIGIT — Tue, 30 Apr 2024 20:52:27 +0000

On April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s founder. Bitcoin Investor Roger Ver Charged With Tax Evasion According to […]

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Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

DIGIT — Thu, 11 May 2023 06:30:30 +0000

According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have […]

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Coinbase Shares Wells Response, Challenges SEC’s Change in Attitude Towards Its Core Businesses

DIGIT — Thu, 27 Apr 2023 22:15:03 +0000

On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to the agency’s previous approval of […]

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Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case

DIGIT — Fri, 14 Apr 2023 20:19:57 +0000

Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an […]

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Democrats to Return 2.2% of $45.2 Million Donation Made by FTX’s Co-Founder Sam Bankman-Fried

DIGIT — Sun, 19 Feb 2023 21:30:54 +0000

After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million, to the now-defunct crypto exchange. Of the total […]

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US Trustee motions for examiner to probe Celsius’ ‘significant transparency issues’

DIGIT — Fri, 19 Aug 2022 06:22:14 +0000

The Trustee overseeing Celsius’ bankruptcy case has requested an examiner to help shed the light on a number of complex issues.

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