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LAWSUITS

Australia’s securities watchdog sues ASX over alleged ‘misleading’ claims on paused blockchain project

The Australian Securities and Investments Commission sued ASX Limited for misleading statements regarding a blockchain project, leading to financial penalties and market consequences.

theblock.co • 14/08/2024 - 09:20 AM

Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end

Judge P. Kevin Castel approved a $12.7 billion settlement for FTX and Alameda, ending a CFTC lawsuit and mandating restitution while prohibiting future trading activities.

theblock.co • 08/08/2024 - 11:00 AM

SEC urges court to reject Coinbase’s subpoena request for documents

The SEC seeks to deny Coinbase's subpoena for documents regarding crypto assets, asserting Coinbase's requests are irrelevant and unsupported by legal precedent amid ongoing regulatory disputes.

theblock.co • 06/08/2024 - 04:42 AM

Genesis completes bankruptcy restructuring, begins distributing $4 billion in crypto and cash

Genesis Global has completed its restructuring after bankruptcy, distributing $4 billion in assets to over 100,000 creditors and addressing liabilities of around $10 billion.

theblock.co • 02/08/2024 - 17:11 PM

Montenegro appeals court rules Do Kwon will be extradited to South Korea

Montenegro court denies U.S. extradition request for Do Kwon, ruling he will be sent to South Korea, where he faces serious financial crime charges.

theblock.co • 01/08/2024 - 16:45 PM

SEC posts information page for investors harmed by Terraform fraud

The SEC and CFTC warn investors about Terraform Labs' settlement and increasing crypto fraud, highlighting challenges in fund recovery and the need for vigilance against online scams.

theblock.co • 30/07/2024 - 19:55 PM

Ripple execs denounce SEC over its plan to amend its complaint against Binance, says it adds to confusion

Ripple executives criticize the SEC's handling of crypto cases, particularly regarding Binance and Coinbase, alleging inconsistent regulation and confusion surrounding cryptocurrencies as securities.

theblock.co • 30/07/2024 - 17:06 PM

Artists sue SEC over whether NFTs are securities, use Taylor Swift tickets as example

NFT artists Brian Frye and Jonathan Mann sue the SEC for clarity on NFT jurisdiction, arguing it threatens artists' livelihoods and raises legal concerns about their work.

theblock.co • 29/07/2024 - 20:49 PM

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