Tagged: lawsuit

October 28, 2026 @ 4:36 pm By Omar Faridi  |  

The Commodity Futures Trading Commission (CFTC) escalated its defense of federal oversight of prediction markets on October 27, 2026, by filing a lawsuit against the State of Utah and Attorney General Derek Brown. The action was brought in the U.S. District Court for the District… Read More

October 28, 2026 @ 1:19 pm By Omar Faridi  |  

A proposed class-action lawsuit has been initiated in the Ontario Superior Court of Justice against Toronto-based Bitcoin hardware and security company Coinkite Inc., along with its co-founders Rodolfo Novak and Peter D. Gray. The proceeding, issued electronically on September 11, 2026, under court file number… Read More

October 21, 2026 @ 7:43 am By Omar Faridi  |  

Missouri Attorney General Catherine Hanaway’s September cease-and-desist campaign against prediction-market platforms offering sports-related event contracts has produced its first federal lawsuits. On October 16, 2026, two of the six recipients—Crypto.com’s affiliated exchange and sports-focused operator Novig—filed actions seeking to block the state from applying its… Read More

October 10, 2026 @ 6:53 pm By Omar Faridi  |  

Approved claimants in a class-action settlement involving Cash App and its parent company, Block Inc. (NYSE: XYZ), are expected to receive compensation during October 2026. The official settlement website, updated in late September, states that the review of claim deficiencies and appeals is complete and that… Read More

October 10, 2026 @ 11:24 am By Omar Faridi  |  

New York Attorney General (NYAG) Letitia James has reached a settlement that permanently bars Alex Mashinsky, co-founder and former chief executive of the cryptocurrency lending platform Celsius Network, from the securities, commodities, and cryptocurrency industries while securing up to $35 million in conditional payments from… Read More

October 9, 2026 @ 12:46 am By Omar Faridi  |  

A Pennsylvania public-employee pension fund has brought a proposed securities class action against Coastal Financial Corporation and three senior executives, claiming the bank holding company concealed a sharp deterioration in credit quality at one fintech partner until the resulting charge wiped out roughly $470 million… Read More

October 7, 2026 @ 4:54 pm By Omar Faridi  |  

Cross-border payments Fintech Conduit Technology has filed a federal lawsuit accusing stablecoin issuer Tether of locking roughly $2.76 million of the firm’s USDT and refusing either to release the balance or to explain the action. The complaint, lodged on October 5, 2026, in the US… Read More

October 6, 2026 @ 7:38 am By Omar Faridi  |  

Community bankers have taken the Office of the Comptroller of the Currency (OCC) to federal court, arguing that the agency has stretched its chartering power to let cryptocurrency firms enter the banking system under a lighter set of rules than traditional lenders face. On October… Read More

September 29, 2026 @ 11:28 pm By Omar Faridi  |  

A federal court in California has cleared the way for a large group of U.S. card issuers to pursue antitrust claims against Apple (NASDAQ: AAPL) over fees tied to Apple Pay. On September 23, 2026, US District Judge Jeffrey S. White certified a class of… Read More

September 27, 2026 @ 11:39 pm By Omar Faridi  |  

The US Commodity Futures Trading Commission (CFTC) has sued Cash FX Group S.A. and several associated individuals, alleging they ran a vast multilevel marketing operation that collected more than $950 million under the pretense of pooled retail foreign-exchange trading. The civil complaint, filed in the… Read More

September 26, 2026 @ 3:06 pm By Omar Faridi  |  

The developer behind liquid restaking protocol KelpDAO has taken LayerZero Labs and its co-founder and chief executive, Bryan Pellegrino, to court over an April 2026 cross-chain exploit that released about 116,500 rsETH, then worth roughly $292 million. Evercrest Technologies, the company that builds and operates… Read More

September 25, 2026 @ 10:17 am By Omar Faridi  |  

New York officials have opened a new front in their campaign against prediction-market platforms, accusing Polymarket’s US operation of conducting unlicensed wagering inside the state. On September 24, 2026, Attorney General Letitia James and Governor Kathy Hochul announced a civil action against QCX LLC, which… Read More

September 21, 2026 @ 10:15 pm By Omar Faridi  |  

Four of the world’s most prominent artificial intelligence developers now face a federal antitrust complaint accusing them of working together to hold back the pace of model improvement. The proposed class action, filed in the US District Court for the Northern District of California, names… Read More

September 12, 2026 @ 8:31 am By Omar Faridi  |  

Sam Bankman-Fried, the co-founder of the collapsed cryptocurrency exchange FTX, has asked the US Supreme Court to review his 2023 fraud conviction and the accompanying $11 billion forfeiture order. The petition for a writ of certiorari, filed on September 10, 2026, seeks a new trial… Read More

September 7, 2026 @ 8:14 am By Omar Faridi  |  

Russian investors behind a buy-now-pay-later (BNPL) platform have started international arbitration against Uzbekistan, arguing that a commercial joint venture with a state-owned bank collapsed into coercion, expropriation and the detention of a local executive. Counsel for Solfy RUS LLC and its shareholder Maksim Poletaev say… Read More

September 3, 2026 @ 5:07 pm By Omar Faridi  |  

The US Commodity Futures Trading Commission (CFTC) has asked a federal judge to throw out CME Group’s challenge to the agency’s approval of cryptocurrency perpetual futures, arguing that the world’s largest derivatives exchange has not shown a legally cognizable injury. In a motion filed September… Read More

August 30, 2026 @ 1:01 am By Omar Faridi  |  

A federal appeals panel has given Nevada a significant win in its clash with prediction market operator Kalshi, holding that sports-event contracts listed on the company’s exchange are not “swaps” under federal commodities law and therefore are not shielded from state gaming rules. On August… Read More

August 27, 2026 @ 8:32 am By Omar Faridi  |  

Connecticut officials have taken prediction-market operator Kalshi to state court, asking a judge to halt what they describe as unlicensed sports betting offered through the company’s event contracts. Attorney General William Tong, Consumer Protection Commissioner Bryan T. Cafferelli, and Governor Ned Lamont announced the action… Read More

August 25, 2026 @ 6:37 am By Omar Faridi  |  

Institutional investors in fintech firm FNZ Group (reportedly key Canadian pension funds) have significantly reshaped the company’s board of directors. The changes aim to address financial pressures and navigate a multimillion-dollar legal challenge from minority shareholders. FNZ, a provider of digital wealth management technology serving… Read More

August 21, 2026 @ 4:31 pm By Omar Faridi  |  

Crypto billionaire and Tron (TRX) founder Justin Sun recently secured a limited procedural success in his ongoing legal dispute with World Liberty Financial. A federal judge in California ruled that Sun’s personal claims against the Trump-linked crypto project will remain in open federal court rather than… Read More