Solana Co-Founder Faces Legal Battle Over Hidden Crypto Staking Rewards
Stephen Akridge, Solana co-founder, is being sued by his ex-wife for allegedly concealing millions in cryptocurrency staking rewards following their divorce settlement. The case highlights the growing complexities of handling digital assets in legal proceedings and offers rare insight into the finances of a key blockchain pioneer.
Solana Co-Founder Faces Legal Battle Over Ex-Wife's Stolen Staking Rewards
Stephen Akridge, Solana co-founder, is accused of exploiting his blockchain expertise to misappropriate millions in crypto staking rewards from his ex-wife's digital wallet. The lawsuit, filed in San Francisco, highlights vulnerabilities in digital asset management when technical knowledge differs between parties.
DeFi Industry Groups Challenge IRS Crypto Broker Regulations in Landmark Lawsuit
The Blockchain Association and partners have filed a lawsuit against the IRS over new rules classifying DeFi platforms as brokers. The regulations, requiring transaction reporting and KYC compliance by 2027, face criticism for overstepping authority and imposing technically unfeasible requirements.
Montenegro Court Rejects Do Kwon's Appeal, Setting Stage for US or South Korea Extradition
Montenegro's Constitutional Court has unanimously rejected Terra founder Do Kwon's appeal against his extradition ruling, leaving the final decision to the Justice Minister. The high-profile case could see Kwon face charges in either the US or South Korea for the $34 billion collapse of TerraUSD and Luna tokens.
Coinbase Faces $1 Billion Lawsuit Over Controversial wBTC Delisting
Cryptocurrency exchange Coinbase faces a massive lawsuit from BiT Global Digital Limited for allegedly delisting wrapped bitcoin to boost its own competing product. The $1 billion legal challenge highlights growing tensions in the tokenized Bitcoin market and raises concerns about exchange practices.
Former Celsius CEO Pleads Guilty in $42M Crypto Fraud Case
Alex Mashinsky, former CEO of Celsius, has pleaded guilty to two criminal charges involving investor deception and illegal trading practices. The cryptocurrency executive faces up to 30 years in prison after admitting to manipulating markets and making false claims about regulatory approval.
Social Media Star's Crypto Venture HAWK Faces Legal Scrutiny After $440M Crash
Law firms are investigating potential legal action against influencer Haliey Welch after her HAWK cryptocurrency lost 88% of its value within 24 hours of launch. The dramatic collapse from $500M to $60M market cap has sparked accusations of a 'pump and dump' scheme.
Bitcoin Jesus Challenges $50M Tax Evasion Case Over Cryptocurrency Transactions
Roger Ver, known as 'Bitcoin Jesus', fights an eight-count tax evasion indictment involving $50M in unreported Bitcoin gains and alleged undervaluation of companies during citizenship renunciation. His defense team claims prosecutorial misconduct and unclear crypto regulations in their motion to dismiss.
SEC Files $115M Fraud Lawsuit Against Touzi Capital Over Crypto Mining Scheme
The SEC has initiated legal action against Touzi Capital, alleging a $115 million cryptocurrency mining fraud affecting 1,500 investors through false promises and misused funds. The case highlights increased regulatory oversight of crypto operations as authorities seek penalties and fund recovery.
Trump-Backed Crypto Token Falls Short: $WLFI Sells Only 2% of Initial Target
A cryptocurrency project endorsed by former President Trump has achieved just 2% of its original 63 billion token sales goal amid multiple target revisions and centralization concerns. The project's structure, which grants Trump-affiliated entities majority control and revenue share, has raised questions about its alignment with crypto's decentralization principles.