Category: Law of the Chain
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FTX investors sue Sullivan & Cromwell over 2022 exchange collapse fraud
FTX investors sued Sullivan & Cromwell, alleging the law firm enabled fraud; FTX collapsed in 2022 with $8 billion in missing client funds.
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SEC targets clear crypto regulations post-Ripple case by 2024
SEC plans clearer crypto regulations post-Ripple case, says Paul Atkins. XRP rose 5% post-ruling. Bitcoin and Ethereum await regulatory clarity by 2024.
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Texas utility regulator blocks crypto mining data release over terrorism concerns
Texas utility regulator sues Attorney General to withhold crypto mining data, citing terrorism risks. Bitcoin miners like Riot Platforms and Core Scientific operate in Texas, consuming 2.3 GW.
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Do Kwon pleads guilty in $40B Terra collapse case involving LUNA
Do Kwon, Terraform Labs founder, will plead guilty in the $40B Terra collapse case involving LUNA and UST, marking a pivotal moment for crypto regulation.
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Wisconsin targets 500 crypto kiosks with new consumer protection regulations in 2024
Wisconsin lawmakers propose new regulations for crypto kiosks, targeting CoinFlip and Bitcoin Depot. Over 500 kiosks operate statewide, raising consumer protection concerns.
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FTX lawsuit alleges Fenwick & West enabled $8 billion fraud in 2023
FTX customers allege Fenwick & West facilitated fraud in a 2023 lawsuit, involving $8 billion in losses and Sam Bankman-Fried’s collapsed exchange.
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Paul Atkins on Ripple SEC settlement: $10M resolution shapes 2024 crypto rules
Paul Atkins discusses Ripple’s XRP lawsuit resolution with SEC, highlighting a $10M settlement and implications for crypto regulations in 2024.
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Bithumb slashes crypto lending leverage 50% and loan limits 80% in 2023
Bithumb reduced crypto lending leverage by 50% and slashed loan limits 80%, impacting traders. BTC and ETH affected, following global regulatory trends in 2023.
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Ripple CTO responds to SEC statements on XRP lawsuit aftermath
Ripple CTO David Schwartz addressed SEC statements post-lawsuit, highlighting XRP’s 60% price drop and regulatory clarity concerns for Coinbase and Binance.
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Wisconsin Senate bill targets crypto kiosks with $1,000 transaction limits
Wisconsin Democrats introduced a Senate bill targeting crypto kiosks, aiming to regulate transactions exceeding $1,000, involving Bitcoin and Ethereum, citing fraud concerns.
