The Supreme Court refused to hear Binance’s arguments for dismissal The US Supreme Court has rejected an appeal from Binance and its founder, Changpeng “CZ” Zhao, allowing a class-action lawsuit against the cryptocurrency exchange to move forward. The lawsuit, originally filed in 2020 by investor Chase Williams, accuses Binance of selling unregistered securities and operating
The states accuse the securities regulator of overstepping its authority on cryptocurrency A total of 18 US states, including Texas, Ohio, and Kentucky, have launched a lawsuit against the Securities and Exchange Commission (SEC) and its chair, Gary Gensler, accusing the agency of overstepping its authority in its regulation of the cryptocurrency industry. The states
The latest legal battle comes via Washington State and accuses the exchange of complicity Binance and its former CEO, Changpeng “CZ” Zhao, are facing a new legal challenge from three cryptocurrency investors who allege the exchange was complicit in money laundering activities that prevented them from recovering their stolen assets. The lawsuit, filed on August
The shuttered crypto exchange accuses Tether of illegally liquidating funds Celsius, the now-defunct cryptocurrency exchange, has launched a lawsuit against Tether, seeking a total of $3.5 billion. The lawsuit, filed during Celsius’ bankruptcy proceedings, revolves around a dispute over Bitcoin (BTC) collateral that Tether allegedly liquidated. The core of the lawsuit is Celsius’ claim that
The lawsuit wants to hold the bank accountable for supporting the failed cryptocurrency business A federal judge in San Diego ruled that Silvergate Bank must face a class-action lawsuit from former FTX users who accuse the now-defunct cryptocurrency institution and its trading firm, Alameda Research, of aiding fraud at the exchange. The March 20 ruling
The lawsuit accuses the media outlet of defamation in its cryptocurrency coverage The Wall Street Journal will face a defamation lawsuit for an article published in 2023 that made allegations portraying illegal activities implicating cryptocurrency firms Tether and Bitfinex. Investigative platform OffshoreAlert reports that Christopher Harborne and his company AML Global filed a lawsuit against
FTX users want the defunct cryptocurrency exchange’s partners to pay up A group of FTX users is targeting the Mercedes-AMG Petronas Formula One team and MLB for allegedly supporting FTX to commit fraud by promoting the crypto exchange, according to twin class-action lawsuits in a Florida district court on November 27. The suits accuse the
Apple’s history of suppressing competition continues to cause it financial problems Apple is facing a class-action lawsuit from dissatisfied consumers claiming the tech giant exhibited anti-competitive conduct by conspiring to limit peer-to-peer (P2P) payment options on iOS devices while blocking cryptocurrency technology from its payment apps. The complaint was filed on November 17 in a
A lawsuit accuses the FTX founder’s parents of getting rich off his fraud Debtors of bankrupt cryptocurrency exchange FTX have begun legal action against founder Sam Bankman-Fried’s parents, alleging that Joseph Bankman was a “de facto officer” at FTX Group and that he and Barbara Fried were responsible for misappropriating millions of dollars through their
Fenwick & West allegedly set up shell companies for the company, leading to a class-action suit Fenwick & West LLP, former primary counsel for FTX, will be facing a class-action suit that claims the firm assisted the crypto exchange’s alleged multibillion-dollar fraud scheme. A group of FTX customers filed the suit in a California District
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