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LAWSUITS
SEC

Eighteen Republican attorneys general and the DeFi Education Fund sue the US SEC over its treatment of crypto

Republican attorneys general from eighteen states sued the SEC, claiming it exceeded its authority over digital asset regulations and disrupted state-level frameworks for cryptocurrency.

theblock.co • 14/11/2024 - 21:26 PM

The Daily: Bernstein says 'don't fight this' amid post-election crypto surge, MicroStrategy buys another $2 billion in bitcoin and more

Bernstein forecasts a crypto bull market post-Trump's election; MicroStrategy buys more Bitcoin; FTX sues Binance; Delta Prime faces security issues; user loses $25 million in a transaction error.

theblock.co • 11/11/2024 - 19:18 PM

FTX
LAWSUITS

Alameda Research sues Waves founder to claw back $90 million

Alameda Research has sued Waves founder Aleksandr Ivanov to reclaim $90 million deposited with Vires.Finance amid FTX bankruptcy. Multiple clawback lawsuits are ongoing.

theblock.co • 11/11/2024 - 07:12 AM

Immutable says it received a Wells notice from the US SEC over securities law violations potentially involving IMX

Immutable faces a potential SEC enforcement action regarding alleged securities law violations tied to IMX, challenging the nature of digital assets as securities.

theblock.co • 31/10/2024 - 21:41 PM

The Daily: DWF Labs dismisses partner amid drink spiking allegations, Bhutan's government moves $66 million in bitcoin to Binance and more

DWF Labs dismisses a partner over serious allegations, Bhutan transfers $66 million in bitcoin, a hacker exploits an account, and Consensys lays off 20% of its workforce.

theblock.co • 29/10/2024 - 18:45 PM

Crypto lobbying groups file court brief supporting lawsuit against SEC, seeks clarity over token airdrops

Crypto lobbying groups support a lawsuit against the SEC for clarity on token airdrops, arguing they don't violate securities laws, while criticizing the agency's regulatory practices.

theblock.co • 28/10/2024 - 23:01 PM

The Daily: Founders Fund invests in Infinex's Patron NFT sale, FTX agrees to drop its Bybit lawsuit and more

Peter Thiel’s Founders Fund was unveiled as an investor in Infinex’s new “patronage” fundraising model on Monday, as the sale officially closed, raising a total of $67.7 million. The FTX estate has settled its lawsuit with crypto exchange Bybit, its executives and its investment arm Mirana for $228 million, aiding upcoming creditor repayments. Solana’s leading web3 wallet Phantom, was hit with 2 hours and 45 minutes of downtime on Monday, leading to inaccurate account balances for users. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/10/2024 - 18:19 PM

FTX
LAWSUITS

FTX agrees to drop lawsuit against Bybit in $228 million settlement

FTX has agreed to drop its lawsuit against Bybit in a settlement that would allow FTX to collect around $228 million. Earlier this month, a U.S. bankruptcy court approved FTX’s reorganization plan to repay its creditors.

theblock.co • 28/10/2024 - 04:54 AM

LAWSUITS
SEC

Ripple contests prior ruling’s Howey test application on XRP institutional sales in appeal

Ripple Labs continues its legal battle with the SEC, challenging a ruling about XRP's classification as a security, while asserting clarity on its non-security status.

theblock.co • 25/10/2024 - 07:51 AM

Ripple CEO Garlinghouse predicts crypto 'reset' after US election, criticizes Biden administration

Brad Garlinghouse of Ripple predicts a crypto reset regardless of the upcoming U.S. elections, highlighting candidates' differing support for the industry.

theblock.co • 23/10/2024 - 20:41 PM

Currency