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” Yuga Labs settles lawsuit with developer involved in copycat BAYCs “ The creator of the nonfungible token (NFT) collection Bored Ape Yacht Club has settled a lawsuit with one of the developers behind a copycat collection known as RR/BAYC. On Feb. 6, Yuga Labs settled a lawsuit that involved Thomas Lehman, the developer of…
” Genesis entity going up for sale as DCG makes creditor pact “ Genesis Global has announced it has reached an “agreement in principle” with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of restructuring efforts. According to a Feb. 6 press release, DCG would contribute…
” Logan Paul and CryptoZoo sued in class action lawsuit “ CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser’s cryptocurrency via a “fraudulent venture.” In a court filing on Feb. 2 in the District Court of the Western…
” Judge dismisses proposed class action suit alleging Coinbase securities sales “ A proposed class action suit against cryptocurrency exchange Coinbase, Coinbase Global and CEO Brian Armstrong alleging unregistered securities sales was dismissed in the United States District Court of Southern New York on Feb. 1. The suit, filed on March 11, claimed that 79…
” FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried “ A motion filed in the United States Bankruptcy Court for the District of Delaware seeks to glean valuable information from the likes of Gabriel Bankman-Fried and Barbara Fried, the brother and mother of the FTX founder. According to the filing, FTX and its debtors…
” BAYC investors have less than a week to join class action against Yuga Labs “ Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC), and other projects. Rosen Law Firm, a global law firm focused on investor rights’ protection,…
” BlockFi gets court nod to sell crypto mining assets “ Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its creditors. A court document filed on Jan. 30 in the United States Bankruptcy Court for the District of New Jersey…
” Sam Bankman-Fried’s $250M bail guarantors to be made public, says judge “ The two people who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could have their identities revealed next month after a recent ruling by United States District Judge Lewis Kaplan. According to the Jan. 30 filing, Kaplan granted…
” Hermes v MetaBirkin: NFT trademark stoush heads to trial in Manhattan “ The trademark infringement trial between French luxury brand Hermès and digital artist Mason Rothschild is set to go ahead on Jan. 30 in a Manhattan federal court. The luxury brand accused the nonfungible token (NFT) artist of trademark infringement for promoting and selling…
” South Korea to deploy cryptocurrency tracking system in 2023 “ The Ministry of Justice in South Korea announced plans to introduce a crypto tracking system to counter money laundering initiatives and recover funds linked to criminal activities. The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions…