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Cryptocoins News / The Cointelegraph ​ - 2 years ago

Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit

Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April 2024. Bankrupt crypto lende...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

FTX users name Mercedes F1 team and MLB in new promo lawsuits

The group of FTX users is taking aim at the Mercedes Formula One team and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms....

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Azuki DAO rebrands to ‘Bean’ as it drops lawsuit against founder

The DAO previously proposed a lawsuit against Azuki creator Zagabond over a dilutive $39 million NFT minting that took place in June. Update - November 25 11:45 AM UT...

Bitcoin News / Bitcoin.com - 2 years ago

Filmmaker Makes Millions After Risky Dogecoin Bet Pays Off — Faces Netflix Lawsuit

A U.S. filmmaker reportedly made a profit of more than $20 million from a bet on the cryptocurrency dogecoin. Netflix accuses the filmmaker of using funds meant for the production of a TV series to place risky bets on a biotech company, the S&P 5...

Bitcoin News / Bitcoinist - 2 years ago

Genesis Launches New Lawsuit Against Gemini For ‘Unfair’ $700M Transfers Before Bankruptcy

In a dramatic turn of events, bankrupt crypto lender Genesis has initiated a new legal battle against its long-standing rival, Gemini. The lawsuit claims that Gemini received “unfair preferential transfers” of approximately $700 million s...

Bitcoin News / Bitcoin.com - 2 years ago

SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit

The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsui...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Crypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ Gensler

The crypto community, including prominent industry lawyers and U.S. Senator Cynthia Lummis, is sounding off about the new lawsuit filed by the U.S. SEC against cryptocurrency exchange Kra...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Blockchain Association files support in suit to lift Tornado Cash sanctions

The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. The Blockchain Association has t...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Atomic Wallet asks to toss suit over $100M hack, saying it has ‘no US ties’

The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado, where the suit was filed. The company behind Atomic Wal...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

ENS developers urge Unstoppable Domains to drop patents or face lawsuit

ENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innovations. The founder and lead developer of Ether...

Bitcoin News / Bitcoin.com - 2 years ago

Bitget Subsidiary Drops Hong Kong License Pursuit Amidst OSL Acquisition Rumors

The Singapore-based crypto exchange Bitget’s Hong Kong division said on Nov. 13 that it is no longer seeking a trading license to operate in that region. Market rumors suggest that Bitgetx’s decision not to seek the license may be linked...

Cryptocoins News / Blockchain  - 2 years ago

Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal

Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector. (Read More)

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Robinhood meme stock punters denied class suit certification

A court has rejected a motion requesting class action certification from investors pursuing legal action against Robinhood. Investors pursuing legal action against Rob...