Tagged: lawsuit

May 25, 2026 @ 3:46 pm By Omar Faridi  |  

Customers impacted by the spectacular 2022 collapse of the once prominent cryptocurrency exchange FTX have secured another round of financial recoveries through settlements with key professional service providers who worked with the exchange.  The agreements involve the firm’s former primary outside counsel and its auditor,… Read More

May 22, 2026 @ 4:32 am By Omar Faridi  |  

Michael Novogratz, the founder of Galaxy Digital, (NASDAQ: GLXY) have faced off against BitGo Holdings (NYSE: BTGO)  CEO Mike Belshe in a Delaware courtroom this week. The dispute centers on a seemingly high-potential but ultimately collapsed acquisition agreement from back in 2021, which had at… Read More

May 7, 2026 @ 5:09 am By Omar Faridi  |  

A prominent cryptocurrency investor has launched a legal challenge against Coinbase (NASDAQ:COIN), accusing the digital currency exchange of wrongly withholding frozen digital assets tied to a large-scale theft. The plaintiff, identified in court documents only as D.B. and a resident of Puerto Rico, filed the… Read More

May 5, 2026 @ 3:32 pm By Omar Faridi  |  

World Liberty Financial has filed a defamation lawsuit against prominent blockchain entrepreneur Justin Sun. The action, lodged on May 4 in Florida’s Eleventh Judicial Circuit Court for Miami-Dade County, accuses Sun of orchestrating a deliberate campaign of misleading public statements designed to undermine the project’s… Read More

April 26, 2026 @ 10:20 pm By Omar Faridi  |  

The Commodity Futures Trading Commission (CFTC) has launched a federal lawsuit against the State of New York. Filed on April 24, 2026, in the US District Court for the Southern District of New York, the action aims to prevent state officials from imposing gambling restrictions… Read More

April 22, 2026 @ 2:48 pm By JD Alois  |  

New York Attorney General Letitia James has sued both Coinbase (NASDAQ:COIN) and  Gemini (NASDAQ:GEMI), alleging the operation of illegal gambling platforms. The NY AG noted that both platforms enable prediction markets that allow users to bet on events such as sports and elections. The announcement said that… Read More

March 17, 2026 @ 3:36 pm By JD Alois  |  

Arizona Attorney General Kris Mayes has filed charges against prediction marketplace Kalshi. The battle between the new form of betting and state oversight has been simmering for some time. According to a release issued by the AG, the state alleges that Kalshi accepted bets from… Read More

March 15, 2026 @ 4:30 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has chosen to abandon its legal pursuit against Nader Al-Naji, the individual behind the innovative blockchain-based social media project originally known as BitClout. This resolution marks the end of a high-profile dispute that had cast somewhat of a… Read More

March 14, 2026 @ 12:32 pm By Omar Faridi  |  

On March 5, 2026, Senator Elizabeth Warren sharply rebuked the Securities and Exchange Commission (SEC) following its agreement to wind down enforcement actions against cryptocurrency entrepreneur Justin Sun and several entities linked to the Tron blockchain. As the ranking Democrat on the Senate Banking Committee,… Read More

March 13, 2026 @ 4:58 pm By Omar Faridi  |  

In a significant legal development for the cryptocurrency sector, a U.S. federal judge has thrown out a high-profile civil suit accusing Binance, the world’s largest digital asset exchange of enabling terrorist activities. The ruling, however, leaves room for the accusers to return with more targeted… Read More

March 13, 2026 @ 12:15 am By Omar Faridi  |  

Chicago-based crypto trading and lending platform BlockFills is actively pursuing restructuring options as it grapples with liquidity challenges and mounting legal pressure. The firm, which provides services to institutional investors worldwide, has turned to external advisors for guidance on stabilizing its operations following a sharp… Read More

March 1, 2026 @ 2:56 pm By Omar Faridi  |  

In a recent setback for the world’s largest cryptocurrency exchange, a US federal judge has denied Binance‘s attempt to shift class action lawsuits related to its token sales into private arbitration. The ruling, issued by District Judge Andrew Carter in Manhattan’s Southern District of New… Read More

February 25, 2026 @ 11:19 am By Omar Faridi  |  

The administrator overseeing the liquidation of Terraform Labs has filed a high-profile lawsuit against Jane Street, accusing the elite quantitative trading firm of exploiting confidential information to execute advantageous trades that allegedly intensified the 2022 collapse of the Terra ecosystem. Todd Snyder, the court-appointed plan… Read More

February 22, 2026 @ 3:45 pm By Omar Faridi  |  

A San Francisco federal judge has granted a significant victory to Evolve Bank & Trust by dismissing a fraud lawsuit brought against it by fintech company Yotta Technology, at least in federal court. The ruling, issued on February 18, 2026, by Judge Trina L. Thompson… Read More

February 4, 2026 @ 7:28 pm By Omar Faridi  |  

In yet another blow to the prestige of Forbes’ annual list of promising young talents, a 26-year-old fintech innovator has been charged with orchestrating a sophisticated fraud that bilked investors out of millions. Gokce Guven, the CEO of Klader Inc., faces federal indictment for allegedly… Read More

January 26, 2026 @ 12:11 am By Omar Faridi  |  

The US government has taken control of more than 127,000 Bitcoin, currently valued at over $11.4 billion, following what authorities describe as one of the largest cryptocurrency forfeitures ever. This haul stems from a sophisticated operation involving international fraud, sanctions evasion, and alleged ties to… Read More

January 25, 2026 @ 8:47 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has agreed to permanently drop its legal action against Gemini Trust Company (NASDAQ:GEMI) regarding the Gemini Earn program. This resolution comes after all affected investors received full restitution of their assets, marking the conclusion of a protracted regulatory… Read More

January 23, 2026 @ 10:19 am By JD Alois  |  

Debanking during the Biden Administration was a nefarious policy, if not criminal. Targeting individuals and entities for their political affiliations or disfavored businesses is obviously wrong. Some of the firms targeted were engaged in the digital asset sector,  a segment of Fintech the Biden adminstration… Read More

January 19, 2026 @ 2:13 pm By Omar Faridi  |  

In a dramatic turn in the ongoing legal feud between tech billionaire Elon Musk and artificial intelligence focused OpenAI, prediction markets are signaling increased confidence in Musk’s potential victory. According to data from Kalshi, a platform allowing users to wager on real-world events, the probability… Read More

January 5, 2026 @ 10:30 am By JD Alois  |  

Evestnet, a Fintech owned by Bain Capital, is headed to trial as part of an ongoing legal battle with FinancialApps. Evestnet was acquired by Bain in 2024 in a deal worth around $4.5 billion. This past August, it was reported that formal sanctions against Envestnet… Read More