Legal

Ripple’s Legal Chief Blasts SEC for Using ‘Fabricated’ Term in Crypto Cases

Ripple’s Legal Chief Blasts SEC for Using ‘Fabricated’ Term in Crypto Cases

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The Chief Legal Officer at Ripple Stuart Alderoty has publicly criticized the U.S. Securities and Exchange Commission (SEC) over its use of the phrase “crypto asset security.” In a post published on his official X account, the lawyer argued that the term is a made-up concept that has no legitimate grounding. Lawyer, Court, Call Out […]

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FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims

FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims

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Last updated: February 18, 2024 11:00 EST | 2 min read Source: blackday/AdobeFTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According to court filings on February 16,

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Bitcoin as Legal Tender: El Salvador’s Risky Financial Maneuver Struggles to Pay Off

Bitcoin as Legal Tender: El Salvador’s Risky Financial Maneuver Struggles to Pay Off

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El Salvador Bitcoin. Source: RawBeautyPixels/Adobe More than two years after implementing Bitcoin (BTC) as legal tender, El Salvador’s big crypto bet is still struggling to bear fruit. That includes the government’s own BTC investments, which still appear to be underwater due to the president’s ill-timed buys. According to the Nayib Bukele Portfolio Tracker website, the

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OneCoin’s Head of Legal and Compliance Pleads Guilty To Wire Fraud and Money Laundering Charges

OneCoin’s Head of Legal and Compliance Pleads Guilty To Wire Fraud and Money Laundering Charges

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Source: Pixabay OneCoin’s legal chief pleaded guilty to money laundering and wire fraud charges, according to a statement released today from the U.S. Attorney’s Office for the Southern District of New York. Bulgarian national Irina Dilkinska, 42, faces up to 10 years in prison for her role in OneCoin’s notorious crypto fraud scheme. In a

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SBF’s Legal Time Seeks to Cross Examine Caroline Ellison Over FTX’s Anthropic Investment

SBF’s Legal Time Seeks to Cross Examine Caroline Ellison Over FTX’s Anthropic Investment

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Source: @carolinecapital / Twitter Sam Bankman-Fried’s defense team is preparing to question Caroline Ellison, the former CEO of Alameda Research, over FTX’s investment in AnthropicAI. The line of questioning would also center around the extent to which Ellison relied on legal counsel when making pivotal decisions during her tenure as the head of Alameda Research,

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