WazirX Seeks 30-Day Pause for Restructuring Amid Lawsuit
CoinSwitch has sued WazirX over funds locked on its platform after a July cyber attack. WazirX simultaneously filed for a 30-day moratorium with Singapore’s High Court. CoinSwitch, a cryptocurrency exchange, has initiated legal proceedings against its embattled competitor, WazirX, in response to funds that remain on the latter’s platform as a result of an alleged […]
Richard Teng Denies $26B Revenue Claim in Nigeria Lawsuit
Binance CEO Richard Teng strongly refutes Nigerian government allegations in a lawsuit involving money laundering and tax evasion. Binance CEO Richard Teng has responded forcefully to the Nigerian government’s allegations concerning the company’s operations in the country. Binance and two of its executives, Nadeem Arjarwalla and Tigran Gambaryan, are currently facing allegations of tax evasion […]
Bithumb Wins 130M Won Corporate Tax Lawsuit
The Seoul High Court Administration Department recently absolved Bithumb of a massive 130 million won corporate tax charge. The Seoul High Court Administration Department 1-3 has recently ruled in favor of the South Korean crypto exchange, Bithumb, regarding an appeal to eliminate specific tax charges. Presided over by Judges Lee Seung-han, Shim Jun-bo, and Kim […]
Binance, CZ Face New Lawsuit Over Alleged Crypto Money Laundering
Binance and CEO CZ are sued for allegedly enabling crypto money laundering, leading to investor losses and RICO violations. A new lawsuit has been filed against Binance and its CEO, Changpeng Zhao (CZ), alleging that the cryptocurrency exchange enabled money laundering, which resulted in substantial losses for three investors. The lawsuit, which was filed on […]
Lawsuit Labels Binance a ‘Crypto-Wash Empire’ Over Money Laundering
Binance and former CEO Changpeng Zhao face a class-action lawsuit in Seattle, alleging consumer harm from the exchange’s money laundering activities. The suit claims they prioritized profits by enabling illicit actors to launder funds. In a Seattle Federal court, a new class-action lawsuit has been filed against Binance and its former CEO, Changpeng Zhao, for […]