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23 Feb 23

Trade group argues US SEC case labels crypto assets unfairly

Crypto trade association Chamber of Digital Commerce has filed an amicus brief with a US district court in Washington, urging the dismissal of a case brought by the SEC against ex-Coinbase employees accused of insider trading. The group argued that the case unfairly labeled several crypto assets as securities and that if the court proceeded […]

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21 Feb 23

Attorney believes that SEC has lost Ripple case

Attorney John E. Deaton, through a recent statement, reaffirmed his conviction that the SEC is not acting in line with the law but rather to strengthen its control over the expanding market. He believes this to be the case since the SEC’s primary objective is to increase its hold on the rising market. As a result, he […]

01 Feb 23

Court reveals SBF family involvement in FTX case

On Jan. 28, 2023, John J. Ray III, the current FTX CEO, who led the investigations team, revealed the SBF’s family involvement with the FTX bankruptcy case claiming that he has no doubt the SBF’s family was paid. SBF’s Family Involvement Revealed The parents of FTX founder Sam Bankman-Fried are under investigation for their alleged […]

27 Jan 23

FTX lawyers to make millions from bankruptcy case

FTX’s legal team is poised to reap millions from the ongoing FTX bankruptcy case. With the trial set to take place in October 2023, the team has under eight months to sort out the issue. The process is expected to take a lot of time and money, all at the expense of the investors. According […]

10 Jan 23

BlockFi to file its assets and liability for bankruptcy case

The crypto lending company BlockFi has said it will be transparent about its assets, debts, and payments made before declaring bankruptcy in November. BlockFi’s upcoming court session In a Twitter thread, BlockFi stated that it had submitted a briefing for its stakeholders outlining its plans for upcoming court filings and a summary of the bankruptcy […]

05 Jan 23

Former FTX’s top lawyer assists US authorities in SBF legal case

Daniel Friedberg, former FTX’s lawyer, is said to be helping the US authorities in the FTX case. He reportedly revealed the customers’ funds abuse to regulators. Daniel Friedberg collaborates with the US prosecutors In a recent investigation, Reuters has revealed new information on the FTX case, citing the collaboration of the former FTX lawyer and […]

SEC Sparks Interest in Reopening the Ripple Case

26 Dec 22

SEC’s decision to seal Hinman’s speech in Ripple case sparks outrage in crypto Twitter

The US SEC has appealed to conceal documents of Hinman’s speech from the ongoing Ripple case, sparking outrage in the crypto community. What was Hinman’s speech about? The former Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC), William Hinman, once discussed the application of U.S. securities laws to […]

25 Dec 22

Judge withdraws from FTX case citing conflict of interest

Judge Ronnie Abrams steps away from prosecuting the crypto mogul Sam Bankman-Fried, as her husband had a connection with the ill-fated crypto exchange FTX. Abrams wrote in a filing that she might need to be more neutral in the FTX case since her husband, Greg Andres, is a partner at Davis Pork & Wardwell. This […]