Tagged: lawsuit

August 17, 2026 @ 6:08 am By Omar Faridi  |  

Chainalysis Government Solutions has initiated legal action against the United States government. The company is contesting a sole-source procurement contract awarded by the Department of Homeland Security’s Immigration and Customs Enforcement (ICE) to competitor TRM Labs. The dispute centers on federal contracting practices for tools… Read More

August 14, 2026 @ 9:10 am By Omar Faridi  |  

Baltimore City has initiated legal action against leading prediction market operators, arguing that their sports-related offerings amount to unauthorized gambling that harms local consumers. On August 13, 2026, Mayor Brandon Scott and the City Council filed separate complaints in Baltimore City Circuit Court targeting Kalshi… Read More

August 11, 2026 @ 9:06 am By Omar Faridi  |  

Flight-tracking company FlightAware has filed a lawsuit against prediction-markets operator Kalshi, alleging the platform improperly leveraged its proprietary information and brand to support wagering on flight cancellations. The complaint, submitted August 10, 2026, in the US District Court for the Southern District of New York… Read More

August 9, 2026 @ 5:25 pm By Omar Faridi  |  

Bybit, one of the global cryptocurrency platforms, has taken significant legal steps against entities linked to a major digital asset heist. On August 7, 2026, the exchange announced a civil lawsuit filed in the US District Court for the District of Columbia. The defendants include… Read More

August 2, 2026 @ 12:02 pm By Omar Faridi  |  

BNB Chain has announced it is taking legal steps against a former employee who allegedly used a wallet originally set up for an educational video to release a new memecoin without any company approval. The blockchain network, linked to the Binance ecosystem, stressed that it… Read More

July 31, 2026 @ 6:33 am By Omar Faridi  |  

New York regulatory authorities have taken legal action against the prediction markets operator Kalshi, accusing it of running an unlicensed gambling business within the state. On July 31, 2026, Governor Kathy Hochul and Attorney General Letitia James announced that the state filed a petition against… Read More

July 28, 2026 @ 12:37 am By Omar Faridi  |  

A National Labor Relations Board administrative law judge has determined that a financial technology firm unlawfully dismissed a data engineer after he posted public criticism of the company’s diversity, equity, and inclusion programs on social media. The ruling requires the company to restore the worker… Read More

July 26, 2026 @ 7:18 pm By Omar Faridi  |  

BitMEX and its co-founders are once again facing legal challenges in the United States, this time through a newly filed class-action lawsuit that accuses the crypto derivatives platform of operating a secret internal trading operation against its own customers. The complaint was submitted on July… Read More

July 25, 2026 @ 4:42 pm By Omar Faridi  |  

A New York state court has refused to throw out a major lawsuit targeting the company behind the popular Zelle payment service, allowing claims of widespread consumer fraud to move forward. The ruling represents a significant setback for Early Warning Services, the operator of Zelle,… Read More

July 22, 2026 @ 3:32 pm By Omar Faridi  |  

The Digital Chamber (TDC) has initiated legal action against Illinois to prevent a novel tax on digital asset activities from taking effect. This move marks an early courtroom test of state-level efforts to impose transaction-based levies on blockchain-related services, highlighting ongoing debates about innovation, economic… Read More

July 10, 2026 @ 6:51 am By Omar Faridi  |  

Fintech firm Block Inc. (NYSE: XYZ), the company behind the popular peer-to-peer payment platform Cash App, has agreed to pay $45 million and implement significant operational changes to resolve a multistate investigation. Attorneys general from 46 US states accused the firm of misleading consumers about… Read More

July 8, 2026 @ 3:31 pm By Omar Faridi  |  

A federal judge in Manhattan has denied prediction market operator Kalshi’s effort to stop New York from enforcing its gambling laws against the platform’s sports-related offerings. The July 7, 2026 ruling by US District Judge Analisa Torres clears the way for state regulators to proceed… Read More

July 8, 2026 @ 1:19 pm By Omar Faridi  |  

Payward Inc., the parent company of cryptocurrency exchange Kraken, has prevailed in arbitration against its former auditor, Mazars USA, receiving a $22 million award after the firm unexpectedly pulled out of a nearly completed financial review. The decision marks a notable legal victory for the… Read More

June 25, 2026 @ 10:30 am By Omar Faridi  |  

Financial services research from TD Cowen indicates that CME Group holds a significant edge in its federal lawsuit contesting the Commodity Futures Trading Commission’s (CFTC) recent decisions on cryptocurrency perpetual futures products. The dispute arose after CME Group filed its complaint on June 18, 2026,… Read More

June 19, 2026 @ 3:45 pm By Omar Faridi  |  

CME Group, the operator of major US futures exchanges, filed a federal lawsuit on June 18, 2026, against the Commodity Futures Trading Commission (CFTC) and its chairman, Michael Selig. The action challenges recent CFTC decisions that cleared the way for perpetual futures contracts tied to… Read More

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