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Interestingly, Haliey Welch was not listed as a defendant in the lawsuit and her most recent response may explain why. HAWK Memecoin Investors File Suit Disgruntled investors will finally have their day in court after buying the HAWK memecoin on December 4, only to see it implode and lose more than 90% of its value … Read more
Coinbase announced in November that it would delist WBTC on December 19, after the token became affiliated with Tron founder Justin Sun. Coinbase and Bit Global Clash in Court Over WBTC Delisting California judge Araceli Martínez-Olguín gave crypto exchange Coinbase the green light to delist wrapped bitcoin (WBTC) despite attempts by digital asset custodian Bit … Read more
Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients. Retail Users Misclassified Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients, thus denying them appropriate consumer protections. In its lawsuit filed in federal court, the Australian Securities and Investments … Read more
Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase’s choice to drop wrapped bitcoin (WBTC) from its exchange. Coinbase Defends Its Decision to Delist WBTC In a court filing submitted on Tuesday, Coinbase defended its action, claiming it was a necessary step to shield its … Read more
Law enforcement’s swift action seized $900,000 in bitcoin from a Nigerian fraud scheme, and its soaring value may fully reimburse victims of a $1 million scam. Bitcoin Boom: Law Enforcement’s Quick Move Recovers Millions for Scam Victims The U.S. Attorney’s Office for the Western District of Washington announced on Monday that bitcoin seized during a … Read more
Binance was the first to receive a cease-and-desist letter from lawyers representing the social media influencer. PNUT Meme Coin Listings Trigger Potential Litigation Mark Longo owner of Peanut – the squirrel that rose to national stardom after it was seized and abruptly euthanized by the New York State Department of Environmental Conservation (NYSDEC) – said … Read more
The Stanford Blockchain Club, a prominent group at Stanford University, has voiced significant worries about the U.S. government’s legal pursuit of Tornado Cash developers, Roman Storm and Roman Semenov, using old-school federal money transmission laws. Legal Overreach? Stanford Group Critiques Tornado Cash Indictments In their in-depth analysis, “Tornado Cash and the Boundaries of Money Transmission,” … Read more
The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal. Justin Sun and Coinbase CLO Paul Grewal Discuss WBTC Delisting on Social Media The recent lawsuit … Read more
An Australian court fined Kraken $5.1 million AUD for offering a margin lending product to Australian customers without proper regulatory approval. Unlawful Credit Facility An Australian court has fined the digital asset exchange platform Kraken $5.1 million Australian dollars (AUD) for “unlawfully issuing a credit facility to more than 1,100 Australian customers.” The penalty concludes … Read more
Following Gary Gensler’s resignation, Paul Atkins was nominated to take over as the new Chairman of the SEC—the approval of which would mark his return to the Commission after a 17-year hiatus and could mark a drastic change for the crypto industry and digital assets. The following opinion editorial was written by Alex Forehand and … Read more