The Delaware Court of Chancery has granted a motion by Galaxy Digital, resulting in the dismissal of BitGo’s case following the abandoned acquisition. Vice chancellor J. Travis Laster affirmed that Galaxy Digital had the right to terminate the acquisition of BitGo, asserting a...
The defi community rallied behind PoolTogether by raising $1.4 million through a nonfungible token sale last year to support the platform’s legal defense. In a June 7 development, a judge in the United States dismissed a lawsuit against PoolTogether, determining that the federal...
In response to the Securities and Exchange Commission’s (SEC) recent lawsuit accusing Binance of conducting unregistered securities operations, the United States district court in Washington, D.C. wasted no time in issuing a summons for Binance CEO Changpeng Zhao on June 7. The summons,...
US court has directed the SEC to address Coinbase’s rulemaking petition within a week, as the crypto exchange seeks regulatory clarity for digital assets amidst an ongoing lawsuit and heightened enforcement actions against market participants. The US Court of Appeals for the Third...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC has asked a United States federal court to freeze the entire assets of BinanceUS, to prevent the “dissipation of the exchange’s available assets for any judgment.” Binance.US...
A Montenegrin high court has revoked bail for Terraform Labs co-founder Do Kwon and the former chief financial officer. The court overturned an earlier decision, Marija Rakovic, a court spokeswoman, confirmed to DL News this afternoon. An appeal against bail Terraform Labs co-founders...
A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed chapter 11 reorganization plan and accompanying statement until all materials are formally authorized. On May 18, the court directed BlockFi, the insolvent cryptocurrency lender, to retract its prematurely disclosed...
Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on bail of €400,000...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent ruling by the Third Circuit Court of Appeals has given Coinbase an advantage in its legal battle with the Securities and Exchange Commission (SEC) over allegations of...
According to incoming reports, the European crypto-lending platform CoinLoan, acting under the license of the Estonian Financial Authority since 2017, halted all its operations following a court notice. Estonian regulators recently prohibited CoinLoan from disposing of any assets without getting direct provisional consent...