Federal securities regulators have filed suit against Donald Basile, a crypto executive accused of raising roughly $16 million from hundreds of investors through a digital token scheme built almost entirely on false promises, officials said. The US Securities and Exchange…
Key Takeaways In a major development, a federal court has delivered a major win for Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), dismissing a high-profile lawsuit that alleged the company sold unregistered securities in the form…
Key Takeaways Unicoin is gearing up to challenge the U.S. Securities and Exchange Commission’s (SEC) fraud case in federal court, arguing the regulator has built its claims on mischaracterisations and circumstantial evidence. The Miami-based crypto investment platform had asked a…
Key Takeaways A federal judge in Illinois has agreed to halt proceedings in a lawsuit against crypto exchange giant Coinbase that centres on alleged violations of the state’s biometric privacy law. The decision allows the case to remain on hold…
Key Takeaways Leading Venture Capital firm Digital Currency Group (DCG) has filed a lawsuit against Genesis Global Capital, the crypto lender it owns, seeking repayment of more than USD 105 million linked to a USD 1.1 billion promissory note. The…
Key Takeaways Changpeng Zhao, the former CEO of Binance, has asked a Delaware bankruptcy court to dismiss a lawsuit filed by the collapsed exchange FTX, which is seeking to claw back nearly $1.8 billion tied to a 2021 share repurchase…
Key Takeaways The United States Supreme Court has declined to hear a case brought by James Harper, a Coinbase user who alleged that the Internal Revenue Service (IRS) violated his constitutional rights when it obtained his crypto transaction records without…
Key Takeaways Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly requested the release of $125 million from an escrow account to finalise a long-running legal dispute, but their proposal hit a roadblock Thursday as a federal…
Key Takeaways Leading crypto exchange, Coinbase and two of its top executives are facing a proposed class action lawsuit filed in federal court, with allegations that the company failed to disclose critical information that led to financial harm for shareholders.…
Key Takeaways A U.S. District Court has ruled in favor of Coinbase, allowing the company to proceed with its plan to delist Wrapped Bitcoin (wBTC) despite a legal challenge from BiT Global, a Hong Kong-based firm with ties to Justin…
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