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.
Federal Court Ruling Classifies Lido DAO as General Partnership, Setting Major Legal Precedent
A California federal court has ruled that Lido DAO qualifies as a general partnership, potentially exposing members to legal liability. This landmark decision challenges traditional views of decentralized organizations and could force DAOs to reconsider their operational structures.
Crypto Heist Mastermind Behind $4.5B Bitfinex Hack Sentenced to 5 Years
Ilya Lichtenstein receives a 5-year prison sentence for orchestrating the 2016 Bitfinex cryptocurrency exchange hack that stole nearly 120,000 Bitcoin. Law enforcement recovered $3.6 billion of stolen funds through unprecedented cooperation, marking a major breakthrough in crypto-crime investigations.
FTX Sues Binance: A $1.76 Billion Battle in the Crypto World
FTX, the bankrupt cryptocurrency exchange, has filed a lawsuit against Binance to recover $1.76 billion in allegedly fraudulent fund transfers. The legal action unveils a complex web of transactions and accusations, promising far-reaching implications for the digital asset industry.