lawsuit

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10 Mar 23

NYAG says ethereum is security in KuCoin Lawsuit

New York Attorney General (NYAG) Letitia James, claimed in court that ethereum (ETH) is security and exchanges should register it before offering it for trading. The AG filed a lawsuit against the crypto exchange KuCoin for allowing investors to buy and sell ETH without registering with the state. ETH is a security, just like TerraUSD […]

06 Feb 23

FTX wants politicians to refund donations, may file lawsuit

According to a news release on Feb. 5, 2023, the new management of the bankrupt FTX crypto exchange sent ‘confidential letters’ to political figures, PACs, and other receivers of contributions made by FTX founder Sam Bankman-Fried. The release also reiterated that John Jay Ray III led new management’s resolve to voluntarily take legal actions against […]

24 Jan 23

DCG and Barry Silbert hit with securities lawsuit

Digital Currency Group (DCG) and CEO Barry Silbert are facing a securities class action (SCA) lawsuit from a group of Genesis creditors. DCG and Barry Silbert faced with securities lawsuit The lawsuit was filed by Silver Golub & Teitell (SGT), a law firm based in Connecticut, on behalf of those who entered into lending agreements […]

14 Jan 23

Gemini facing a class action lawsuit for concealing risks in its Earn program

Rosen Law Firm, a global investor rights law in New York, is leading a class action against Gemini, a cryptocurrency exchange, and its founders, Tyler and Cameron Winklevoss, over the ramp’s alleged concealment of risks in their Earn product. Rosen Law advises more investors to join the lawsuit Rosen Law Firm is the latest to file a […]

11 Jan 23

Albright Capital drops lawsuit against Terraform Labs and Do Kwon

Albright Capital has voluntarily dropped its lawsuit against Terraform Labs and Do Kwon. Zhu Su, the founder of Three Arrows Capital, posted a portion of the dismissal letter on Twitter. In his Twitter post, Zhu said: Curious how long it will take cryptonative media to report on this sudden voluntary dismissal of class action against […]

26 Dec 22

FTX ambassadors and promoters face class action lawsuit

The class action lawsuit filed last month against a host of FTX promoters for the now-extinct crypto exchange has been amended. Financial watchdogs are seeking billions of dollars from the exchange’s ambassadors to compensate investors. The class action suit is now in Florida The Federal Consolidated Action case involves the now-jailed Bankman-Fried and FTX. It […]

SEC Sparks Interest in Reopening the Ripple Case

21 Dec 22

Ripple, SEC files joint motion asking for more time in pending lawsuit

Per a tweet from James Filan on Tuesday, the Securities and Exchange Commission (SEC) and Ripple have asked for more time to submit their Daubert motions and supporting documentation. They claim that the forthcoming holidays and their lawyers’ busy schedules necessitate more time. An extension request has been filed by the SEC, and Ripple Both […]