NY Crypto Scammer Gets Nine Years for $250M Ponzi Scheme
Eddy Alexandre, a New York resident, and CEO of EminiFX, has been sentenced to nine years in prison for running a massive Ponzi scheme that defrauded investors of hundreds of millions of dollars. US District Judge John Cronan imposed the sentence after Alexandre pleaded guilty to commodities fraud in February. The court also ordered Alexandre […]
Marathon Digital Shareholders File Lawsuit Against CEO, Others
Crypto mining company Marathon Digital is facing a lawsuit from some shareholders alleging that CEO Fred Thiel and other top executives committed breaches of fiduciary duty, unjust enrichment, and squandering of corporate assets. On July 8, a shareholder complaint against Fred Thiel and nine other Marathon executives was lodged in Nevada’s United States District Court. […]
Celsius Network Files Lawsuit to Recover $150M from StakeHound
Insolvent cryptocurrency lender Celsius Network has filed a lawsuit against staking platform StakeHound for allegedly failing to return $150 million worth of Celsius’s tokens. Celsius placed 40 million Polygon (MATIC), 66,000 Polkadot (DOT), 25,000 staked native Ether, and 35,000 Ether (ETH), according to a court filing. Celsius emphasized that the total value of these tokens […]
Coinbase Shares See Over 50% Increase Since SEC Lawsuit
Since the U.S. Securities and Exchange Commission (SEC) filed a complaint against Coinbase for allegedly offering unregistered securities, Coinbase shares have appreciated more than 50%. Despite a securities violation litigation filed against the Coinbase cryptocurrency exchange in the United States, the company’s stock has risen recently. According to data from TradingView , Coinbase’s stock price […]
Sarah Silverman Files Lawsuit Against Meta, OpenAI
Sarah Silverman and authors Richard Kadrey and Christopher Golden have filed copyright infringement lawsuits against LLaMa and ChatGPT by Meta Platforms and OpenAI, respectively. Meta and OpenAI allegedly used the plaintiffs’ content without permission to train their respective artificial intelligence (AI) systems. According to the court documents filed against Meta, many of the plaintiffs’ copyright-protected […]