property – DIGIT INFO

Russia’s Cybercrime Damage Exceeds $1.25 Billion in 2024, Minister Says

DIGIT — Thu, 26 Sep 2024 03:46:21 +0000

Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes in the country, rising to 60% in serious cases. Cybercrime Costs Russia Over $1.25 […]

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UK Court Recognizes USDT as ‘Distinct Form of Property’

DIGIT — Sun, 15 Sep 2024 23:15:00 +0000

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business […]

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UK court rules Tether is property in first English law post-trial crypto ruling

DIGIT — Fri, 13 Sep 2024 03:56:56 +0000

It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.

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Former FTX exec Ryan Salame to give up $5.9M Bahamas property

DIGIT — Fri, 03 May 2024 03:07:48 +0000

Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd.

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Digital assets should be valued as ‘proper property’ — Sandbox co-founder

DIGIT — Tue, 16 May 2023 05:44:05 +0000

Around 5 billion people are online and digitally-bound assets should get the same treatment as any other type of property, says Sandbox co-founder Sebastien Borget.

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Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

DIGIT — Wed, 19 Apr 2023 22:20:03 +0000

In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto […]

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

DIGIT — Wed, 05 Apr 2023 00:30:10 +0000

Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors […]

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Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders

DIGIT — Tue, 07 Mar 2023 15:00:44 +0000

FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion in exorbitant management fees in violation of the trust agreements.” FTX Debtors Accuse […]

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Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital

DIGIT — Tue, 31 Jan 2023 18:35:04 +0000

On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset […]

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Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

DIGIT — Mon, 19 Dec 2022 07:00:45 +0000

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian Investigators Should Have Cryptocurrency Wallets Russian prosecutors are convinced that investigative […]

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