Legal Battle Ensues as BlockFi Counters FTX and Three Arrows Capital’s Claims
Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...
CFTC Sues Americans in Icomtech Crypto Scheme Fraud, Demands Return of Funds
The Commodity Futures Trading Commission (CFTC) sued five Americans who promoted what officials said was a fraudulent Icomtech cryptocurrency scheme that caused more than 170 people to lose money. The CFTC filed a civil lawsuit in California Central District Court against D ...
Founder of bankrupt crypto exchange FTX seeks dismissal of criminal charges
Founder of the bankrupt cryptocurrency exchange FTX Sam Bankman-Fried asked the court to drop most of the criminal charges related to the collapse of the site. Sam Bankman-Fried has filed a motion to dismiss 10 of the 13 charges he faced, including fraud, conspiracy and b ...
First criminal case in Russia for misappropriation of cryptocurrency
The case of Alexei Ivanov, a system administrator at the Singapore-based WEX cryptocurrency exchange, is set to be heard in Novosibirsk. Ivanov is accused of misappropriating digital assets worth 3 billion rubles, in what is believed to be Russia's first criminal case involving the theft of crypt ...
Binance Responds to Forbes Article on Misappropriation of Customer Collateral
Binance has issued a response to an article published by Forbes, which alleged that the exchange had misappropriated $1.8 billion of customer collateral. “When you are the world’s largest crypto exchange in a virtually unregulated market, you can change the rules of the game as you see ...