SEC and Gemini Explore Settlement in Crypto Lending Program Lawsuit
The SEC and Gemini have requested a 60-day pause in their legal battle over the unregistered Gemini Earn program to discuss settlement terms. The case, initiated in January 2023, follows Genesis Global Capital's $21 million settlement and bankruptcy filing after holding $900 million in customer assets.
Crypto Influencer 'Bitboy' Faces Second Arrest Over Alleged Threats to Judge
Ben 'Bitboy' Armstrong, former cryptocurrency YouTuber, was arrested in Florida on a fugitive warrant following alleged threatening emails to Judge Childs. This marks his second arrest in recent months, after a September confrontation over a Lamborghini that resulted in multiple charges.
SEC Lawsuit Against HEX Founder Dismissed Over Jurisdictional Issues
A federal judge has dismissed the SEC's $1 billion fraud case against cryptocurrency entrepreneur Richard Heart due to insufficient U.S. connections. The ruling deals a setback to regulators' efforts to police cross-border crypto activities despite Heart's alleged misappropriation of investor funds.
FTX Legal Fees Hit $1 Billion: Inside One of History's Most Expensive Bankruptcies
The FTX bankruptcy saga has racked up nearly $1 billion in legal fees, making it one of the costliest corporate collapses ever. Despite the astronomical costs, customers may recover 118% of their funds, though the case exposed unprecedented failures in corporate controls.
SEC and Tron's Justin Sun Seek 60-Day Pause to Explore Settlement
Justin Sun and the SEC have jointly requested a temporary halt in their legal battle to pursue settlement talks over allegations of unregistered securities offerings and market manipulation. The pause would delay proceedings while both parties negotiate, with several celebrities already having settled related charges.
LayerZero Reaches Settlement with FTX Estate Over $21M Legal Dispute
LayerZero Labs has settled its legal battle with FTX's bankruptcy estate regarding a $21 million claim tied to pre-collapse Alameda Ventures transactions. CEO Bryan Pellegrino announced the agreement, which includes returning the original repurchase amount to creditors.
Lost Bitcoin Fortune: UK Court Denies Man's £600M Landfill Search Quest
A High Court judge has rejected James Howells' legal bid to search a Newport landfill for a hard drive containing £598M worth of Bitcoin accidentally discarded in 2013. The ruling ends a decade-long battle to recover the digital fortune, with the court finding no reasonable grounds for the claim.
Coinbase Secures Crucial Legal Victory as SEC Lawsuit Faces Temporary Halt
Coinbase achieves significant legal win as Judge Failla grants interlocutory appeal in SEC case, pausing district court proceedings. The rare ruling allows Coinbase to challenge SEC's cryptocurrency regulations interpretation at the Second Circuit Court of Appeals.
Gemini Exchange Settles CFTC Case for $5M Over Bitcoin Futures Disclosures
Cryptocurrency exchange Gemini agrees to pay $5 million to settle CFTC charges of providing misleading information during its 2017 Bitcoin futures initiative. The settlement resolves allegations about undisclosed preferential fee arrangements and market manipulation prevention measures.
Crypto Platform Pump.fun Faces $1B Lawsuit Over Hidden Fee Allegations
PumpPumpkin sues rival Solana-based platform Pump.fun for $1 billion, alleging concealed fees and improper fund management. The lawsuit comes as Pump.fun reports $90 million in monthly revenue while facing mounting regulatory challenges and controversy.