SEC Wins Lawsuit Against Thor Technologies
Thor Technologies founder David Chin, has lost a legal battle with the U.S. Securities and Exchange Commission (SEC) over the unauthorized transfer of $2.6 million of crypto asset securities. According to the 21 December 2022 SEC complaint, Chin and Thor Technologies raised $2.6 million from 1,600 investors between March and May 2018. The sale of […]
Chamber Of Digital Commerce Joins Binance in US SEC Lawsuit
The Chamber of Digital Commerce joins other digital asset companies, associations, law firms, and legislators in dismissing Binance v. U.S. SEC case. The foremost blockchain trade association in the world seeks to end the SEC’s attempt to regulate the cryptocurrency industry without authority from the U.S. Congress, thereby halting the SEC’s enforcement-based approach to regulation. […]
UMG Files Copyright Infringement Lawsuit Against Anthropic AI
Universal Music Group (UMG), Concord Publishing, and ABKCO Music & Records have filed a lawsuit against the artificial intelligence (AI) startup Anthropic for allegedly infringing on their intellectual property rights when training their AI chatbot Claude. The lawsuit was filed on October 18, alleging that Anthropic “illegally” duplicated and disseminated “vast quantities of copyrighted works, […]
NYAG Sues Gemini, Genesis, DCG for $1 billion Crypto Fraud
The New York Attorney General (NYAG) has filed a lawsuit against crypto exchange Gemini, crypto lending firm Genesis, crypto investment company DCG, and two executives, alleging that they conspired to fraudulently represent Genesis’ financial condition to hide a $1 billion hole in its finances. Gemini lied to investors about the Earn program According to the […]
Ex-FTX CEO’s Vulgar Messages Exposed in Fraud Trial
Prosecutors reveal evidence of Sam Bankman-Fried’s insulting and dismissive messages to reporters about regulators, contradicting his public image as a proponent of cryptocurrency oversight. The former FTX CEO is accused of looting billions of dollars from his customers to fund his personal and political agendas. The fraud trial of Sam Bankman-Fried took a dramatic turn […]