Terra Founder Do Kwon Appeals Against Extradition Ruling
Do Kwon, the founder of Terraform Labs, has filed an appeal against the Montenegrin court’s decision to extradite him to either South Korea or the United States. The Montenegrin Court of Appeal confirmed on December 6 that Do Kwon has contested the decision, stating, “I do not accept the court’s decision to extradite me, so […]
OCBC Sues Money Laundering Suspect to Recover $15M Loss
OCBC, the second largest bank in Southeast Asia, has filed a claim against Su Baolin, one of the key suspects in Singapore’s largest money laundering scandal. The bank seeks to recover about $15 million in loans and interest. According to a Bloomberg report, OCBC has initiated legal proceedings against Su Baolin, a Cambodian passport holder, […]
Cristiano Ronaldo Faces $1Bln Lawsuit Over Binance Promotion
Cristiano Ronaldo’s recent urging of digital asset firm Binance has prompted crypto investors to file a lawsuit. Recently, Cristiano Ronaldo, a Portuguese-origin football star, sparked a commotion in the cryptocurrency community with his support for Binance, the leading global digital asset exchange. Numerous crypto traders and investors in the broader crypto markets attributed their losses to […]
Binance Ex-CEO CZ Stuck in US After Guilty Plea
Changpeng Zhao, the former CEO of Binance, has been ordered to remain in the US until his sentencing hearing in February after pleading guilty to violating US anti-money laundering laws. What does this mean for the crypto giant and its founder? Changpeng Zhao, also known as CZ, the founder and former CEO of Binance, the […]
OpenAI, Microsoft Face Lawsuits Over Unauthorized Use of Authors’ Work
OpenAI and Microsoft are confronting a new legal challenge as they are being sued over allegations of misusing nonfiction authors’ work to train artificial intelligence models. In order to train its large language models to respond to human text prompts, OpenAI reportedly used tens of thousands of nonfiction books without consent, according to Sancton’s complaint. […]