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.