CFTC Reportedly Set to Sue Celsius and Mashinsky
The CFTC has reportedly found evidence that the crypto lender and its former CEO violated its rules by deceiving customers about the risks and returns of its products. According to a Bloomberg report , citing sources familiar with the matter, the Commodity Futures Trading Commission (CFTC) has concluded that Celsius Network and its former CEO, […]
SEC to Reply Coinbase’s Legal Defense on July 13
According to a court order issued on Thursday, June 29, the United States Securities and Exchange Commission (SEC) will respond to Coinbase’s initial legal defense on July 13. In a filing with the court, the SEC requested an extension of three business days. This extension was asked to allow the SEC sufficient time to prepare […]
FTX Sues Ex-Clinton Aide’s Firm for $700M
FTX has filed a lawsuit against K5 Global, an investment firm co-owned by Michael Kives, a former aide to Hilary Clinton. The lawsuit accuses Kives and his associates of fraudulently receiving $700 million from FTX through shell companies and fake transactions. The lawsuit, filed on June 22 in the Delaware Bankruptcy Court, accuses Kives and […]
SBF to Face Trial on Eight Charges Over FTX Collapse
The U.S. Department of Justice (DoJ) has confirmed that it will proceed with the trial of SBF, the co-founder of FTX, on the original eight charges of fraud and conspiracy. The trial is scheduled to start on October 2, 2023. SBF, whose full name is Sam Bankman-Fried, was extradited from the Bahamas, where FTX was […]
SEC Chair Offers to Serve as Advisor to Binance – Report
Amidst the SEC-Binance lawsuit, Binance’s attorneys have revealed that the Chairman of the Securities and Exchange Commission, Gary Gensler, had offered to serve as an advisor to the crypto exchange in 2019. According to documents filed by the SEC on Wednesday, attorneys from two of Binance’s law firms, Gibson Dunn and Latham & Watkins, allege […]