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Tag: Law

Kroll faces class-action suit as FTX creditors allege daily scam emails
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Kroll faces class-action suit as FTX creditors allege daily scam emails

Admin10 months ago02 mins

FTX creditors claim they are being targeted via phishing emails after their information was leaked in a data breach in August 2023. Financial and risk advisory firm Kroll is facing a class-action lawsuit for alleged negligent behavior over a data breach that impacted creditors of FTX, BlockFi, and Genesis. The lawsuit was filed on Tuesday…

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US OCC terminates 2022 order targeting Anchorage Digital over AML
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US OCC terminates 2022 order targeting Anchorage Digital over AML

Admin10 months ago02 mins

The financial regulator said the bank’s “compliance with laws and regulations does not require the continued existence of the order,” first issued in April 2022. The US Office of the Comptroller of the Currency (OCC) said it had issued an order terminating a consent order made against cryptocurrency custody bank Anchorage Digital in 2022. In…

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US Treasury’s OFAC sanctions crypto exchange Garantex for second time
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US Treasury’s OFAC sanctions crypto exchange Garantex for second time

Admin10 months ago02 mins

The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022. The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities. In a Thursday notice, OFAC said…

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Crypto lawyer signals challenge to NY AG with 'lawfare' message
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Crypto lawyer signals challenge to NY AG with 'lawfare' message

Admin10 months ago02 mins

Letitia James, who holds New York state’s top law enforcement position, has come under scrutiny from some, claiming she was engaging in “lawfare” against the crypto industry. Khurram Dara, a former policy counsel at cryptocurrency exchange Coinbase, is considering a run for New York State Attorney General in 2026, aiming to replace Letitia James. In…

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Ethereum dev detained in Turkey donates to Roman Storm’s defense fund
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Ethereum dev detained in Turkey donates to Roman Storm’s defense fund

Admin10 months ago02 mins

Federico Carrone, an Ethereum core developer, pledged $500,000 to the Tornado Cash co-founder’s legal fund after being detained in Turkey over alleged links to a privacy protocol. Ethereum core developer Federico Carrone said that he would contribute $500,000 to Roman Storm’s legal fund amid the Tornado Cash co-founder facing a potential retrial in New York….

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EthereumMax investors secure partial win in class-action lawsuit
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EthereumMax investors secure partial win in class-action lawsuit

Admin10 months ago02 mins

Four state-level lawsuits against three celebrities and individuals tied to the EMAX token may proceed after a California judge’s ruling. Investors who were parties to a 2022 lawsuit may be closer to pursuing legal action against celebrities who promoted the EthereumMax (EMAX) token after a recent decision by a California judge. In a Wednesday filing…

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SEC-Ripple enforcement case to end after motion to drop appeals
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SEC-Ripple enforcement case to end after motion to drop appeals

Admin10 months ago02 mins

The filing came precisely one year after Ripple had been ordered to pay $125 million as part of an enforcement action over the company using XRP as unregistered securities. The civil lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs appears to be finished after a filing confirming both parties jointly stipulated…

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US DOJ could still pursue money laundering, sanctions charges against Roman Storm
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US DOJ could still pursue money laundering, sanctions charges against Roman Storm

Admin10 months ago02 mins

Roman Storm’s trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said. The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys. “The Department of Justice (DOJ) will decide in the…

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CrediX recovers .5M in crypto after successful exploit negotiation
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CrediX recovers $4.5M in crypto after successful exploit negotiation

Admin10 months ago02 mins

CrediX recovered $4.5 million in stolen crypto after reaching a deal with the exploiter. Affected users will be refunded within 48 hours, the team said. Money market abstraction infrastructure protocol CrediX has successfully negotiated the return of the assets stolen in a $4.5 million exploit, in a promising sign for users looking to recover their…

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DeFi Education Fund urges Senate to strengthen crypto dev protections in draft bill
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DeFi Education Fund urges Senate to strengthen crypto dev protections in draft bill

Admin10 months ago02 mins

DeFi Education Fund called on the Senate Banking Committee to frame a key crypto market bill in a more tech-neutral way and strengthen crypto developer protections in a recent letter. Crypto lobby group DeFi Education Fund has called on the US Senate Banking Committee to rethink how it plans to regulate the decentralized finance industry…

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