A South Korean court has acquitted Haru Invest CEO Lee Hyung-soo of fraud charges tied to the loss of approximately $650 million in crypto. The 15th Criminal Division of the Seoul Southern District Court delivered the ruling, led by Presiding Judge Yang Hwan-seung. Judge Yang’s Ruling Local media reports revealed that the court found that […]
Court Clears Haru Invest CEO of $650M Fraud Charges Read More »
A Massachusetts federal court has ordered My Big Coin Pay, Inc. and My Big Coin, Inc., along with individuals Mark Gillespie of Michigan and John Roche of California, to collectively pay nearly $25.8 million in penalties and restitution to the Commodity Futures Trading Commission (CFTC). The ruling was issued on Wednesday by the US District
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US Supreme Court Rejects Binance Petition to Avoid Class Action Lawsuit Read More »
Bitcoin has been very popular in the United States, Europe, the Middle East, and Latin America. The cryptocurrency has also enjoyed great success in neighboring South Korea and Japan. Cryptocurrency policy in China has been varied—from allowing citizens and residents of mainland China to own crypto, to banning the asset class in 2021. It would
Did a Shanghai Court Just Legalize Bitcoin in China? Read More »
Rostin Benham – Chairman of the Commodities and Futures Trading Commission (CFTC) – says that an Illinois court has formally ruled both Bitcoin (BTC) and Ethereum (ETH) to be commodities, all but settling the CFTC’s crypto turf war with its sister agency. “In its decision, the court re-affirmed that both Bitcoin and Ether are commodities
Illinois Court Confirms That Bitcoin And Ethereum Are Both Commodities: CFTC Chair Read More »
Nearly a year after his arrest in Montenegro, Terraform Labs co-founder and former CEO Do Kwon is reportedly set to be extradited to the United States to face criminal charges. Both the United States and South Korea previously submitted extradition requests to Montenegro officials. According to local news outlet Pobjeda, on Feb. 21, the Podgorica
Montenegro Court Approves Do Kwon’s Extradition to the United States: Report Read More »
Last updated: February 5, 2024 22:13 EST | 3 min read Source: Dalle-3Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Court Rules Against Crypto Mining Company, Will Not Force BC Hydro to Provide Power YouHodler Gets Bank of Spain’s
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed to creditors. The assets, valued at about $744 million last month, form a
FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets Read More »
Source: Hodlnaut The Singapore High Court has ordered cryptocurrency lending platform Hodlnaut to undergo liquidation, as stated in a court document dated November 10. The court has appointed Aaron Loh Cheng Lee and Ee Meng Yen Angela, both from corporate advisory firm EY, as the joint liquidators for Hodlnaut. The decision comes after the two were initially
This week in crypto: JPMorgan predicted a 20% drop in the Bitcoin hashrate after the next halving, some argued there’s a connection between McRib, bitcoin, and stocks, and while Jim Cramer predicted a sharp drop for bitcoin, Yann Allemann opined that no major bitcoin drop is to be expected. Binance’s $1 billion industry recovery fund
Court and Courtrooms, Law and Lawsuits and 20 Crypto Jokes Read More »
