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GeneralBeginnerMeta Platforms, the company formerly known as Facebook, faces continued legal action after a US judge rejected its attempt to dismiss a lawsuit filed by Australian billionaire Andrew Forrest. The lawsuit centers around fraudulent cryptocurrency ads featuring Forrest’s image that were displayed on…
#ai#court#facebook
GeneralDapper Labs, the company behind the popular NBA Top Shot NFT collection, has reached a $4 million settlement agreement to conclude a class-action lawsuit against them. This move comes amidst ongoing debate regarding the classification of NFTs as securities. Roham Gharegozlou, CEO of Dapper Labs,…
#court#nfts
GeneralBeginnerThe former chief executive officer of Binance, the world’s largest cryptocurrency exchange, is awaiting sentencing on money laundering charges. Prosecutors are pushing for a harsh sentence, recommending three years in prison and a hefty $50 million fine. This stance marks a significant departure…
#binance#changpeng-zhao#court
GeneralBeginnerThe Australian Securities and Investments Commission (ASIC) is challenging a court decision that ruled in favor of Finder Wallet, a subsidiary of Australian fintech company Finder.com. The dispute centers on Finder Wallet’s “Earn” product, a service that allows users to convert Australian dollars…
#court#defi#law
GeneralBeginnerThe U.S. Securities and Exchange Commission (SEC) has been hit with sanctions for its handling of a lawsuit against a crypto firm called Debt Box. A federal judge ruled that the SEC’s actions constituted a “gross abuse of power” and undermined the integrity of the judicial process. The case…
#court#law#sec
BitcoinBeginnerAttestor, a London-based investment firm, has filed a lawsuit against Lemma Technologies, according to a Bloomberg report on March 18th. The lawsuit comes after Attestor saw a significant increase in the value of its FTX bankruptcy claims. Attestor was one of the biggest buyers of assets from the…
#court#crypto#ftx
GeneralBeginnerBinance.US, the American arm of the world’s largest cryptocurrency exchange, is facing significant challenges due to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) last June. In a recent court filing, Binance.US claims the lawsuit has dealt a “near-mortal blow” to their…
#binance#changpeng-zhao#court
EthereumBeginnerGoFundMe canceled the crowdfunding campaign for the Tornado Cash legal battle, citing a violation of its terms of service. All donations to the fundraiser were returned to their original donors. GoFundMe, an American crowdfunding platform, has canceled a fundraiser aimed at collecting legal fees…
#court#crypto
GeneralBeginnerThe sentencing for Changpeng “CZ” Zhao, founder and CEO of Binance, the world’s largest cryptocurrency exchange, has been postponed until late April 2024. Originally scheduled for February 23rd, this delay adds another layer of uncertainty to the ongoing legal battle concerning money laundering…
#binance#changpeng-zhao#court
GeneralBeginnerFormer Binance CEO Changpeng Zhao attempted to pledge his multibillion-dollar investment in Binance. According to a newly released court petition, the United States will allow security personnel to temporarily return to the United Arab Emirates. The Jan. 24 court filing revealed a previously…
#binance#changpeng-zhao#court
GeneralBeginnerNathaniel Chastain, the former product manager at OpenSea convicted of insider trading related to non-fungible tokens (NFTs), has appealed his conviction, arguing that the information he used to profit wasn’t considered property in the eyes of the law. This argument casts a spotlight on the murky…
#court#law#nfts
