Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC’s arguments against Coinbase and most of Binance’s litigation would be severely weakened if Judge Torres ruled that XRP tokens purchased on secondary marketplaces are not securities, according...
Ishan Wahi, a former product manager at Coinbase crypto exchange, and his brother Nikhil Wahi have reportedly settled their insider trading case with the United States Securities and Exchange Commission (SEC). Ishan Wahi has been sentenced to 24 months in prison, with forfeiture...
Kylie Chiseul Kim, a key defense attorney for Ripple Labs in its ongoing litigation against the SEC, has submitted a motion to withdraw from the case due to her departure from the law firm representing Ripple. In a development from the high-profile litigation...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely...
Yuga Labs, the creators of Bored Ape Yacht Club (BAYC), a collection of non-fungible tokens (NFTs) featuring digital images of apes, has won a lawsuit against artist Ryder Ripps and his co-defendant Jeremy Cahen, who copied their NFTs and sold them as RR/BAYC....
Based on recent reports, the Securities and Exchange Commission won a market manipulation case against Hydrogen technologies. After months of an agonizing court battle, a US court has finally released a judgment on the SEC vs. Hydrogen Corporation and its leader Michael Ross...
The Securities and Exchange Commission (SEC) is close to reaching a settlement in a landmark insider trading case involving former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi. According to a joint court filing, the SEC agreed in principle with Ishan...
Korean authorities have seized over $150 million from people suspected of making unfair gains from Terraform labs. After the dramatic fall of Terra last year, regulators have been working hard to compensate those who lost. Based on reports, the prosecution recently seized around...
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...
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...