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US Court grants Galaxy Digital victory, dismisses $100m BitGo lawsuit

0xMain
June 12, 2023

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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...

Lawsuit against PoolTogether thrown out by US court

0xMain
June 8, 2023

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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...

Metacade announces partnership with Metastudio1

Changpeng Zhao summoned in SEC lawsuit by US court

0xMain
June 7, 2023

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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 orders SEC to respond to Coinbase’s rulemaking petition

0xMain
June 7, 2023

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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...

SEC seeks express court order to freeze BinanceUS’s assets

0xMain
June 7, 2023

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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...

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Montenegrin high court revokes bail for Do Kwon and former CFO

0xMain
May 24, 2023

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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...

Court directs BlockFi to retract chapter 11 reorganization plan

0xMain
May 22, 2023

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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...

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Montenegro court releases Terra founder Do Kwon on $436k bail

0xMain
May 13, 2023

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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...

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Court ruling favors Coinbase in legal battle with SEC over crypto regulations

0xMain
May 4, 2023

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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...

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CoinLoan halts withdrawals and services following court order

0xMain
April 26, 2023

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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...