The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never intended to hurt anyone.” Former FTX […]
CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […]
Kucoin’s Legal Woes Spark Massive $1.7 Billion Withdrawal, Onchain Data Reveals
After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $ 1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $ 1.7 Billion Pulled From Kucoin Since the Department of Justice (DOJ) accused Kucoin and its founders of breaching the Bank Secrecy Act and …
Economists Rally Behind Honduras in $10.8 Billion Legal Fight Over Crypto Island Project
A group of 85 economists has supported the Honduran government’s decision to leave the World Bank’s arbitration body, the International Centre for Settlement of Investment Disputes (ICSID), amidst a legal conflict with the crypto island project Próspera Inc., which seeks $ 10.8 billion in compensation after losing its special economic status due to legislative …
Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto Exchange Coinbase Initiates Legal Action Against SEC’s Crypto Regulation Approach Coinbase’s legal action underscores the ongoing tension between the […]