Lawsuits

The latest lawsuit news in cryptocurrencies from DailyCoin.

SEC chairperson Gary Gensler looking at Nexo cofounder Antoni Trenchev.

Nexo Settles with SEC for $45M: What You Need to Know!

U.S. regulators have charged Nexo Capital with failing to register retail crypto lending product before offering it to the public.

by Kyle Calvert

January 20, 2023 │ 5:40 PM GMT

Cameron Winklevoss holding Barry Silbert by the neck.

Lawsuits

Winklevoss Twins Threaten to Sue DCG CEO After Genesis Bankruptcy

Winklevoss twins threaten to sue DCG over $900 million in loans that Gemini Earn users gave to Genesis.

by David Marsanic

January 20, 2023 │ 4:40 PM GMT

A man shrugs while another man in a suit stands handcuffed.

Hacks and Scams

Crypto Twitter Makes Fun of DOJ’s ‘Major Action’ Against Obscure Russian Exchange Bitzlato

Users on Twitter were mocking the DOJ’s decision to go after a small crypto exchange and then bragging about it.

by Arturas Skur

January 19, 2023 │ 5:40 PM GMT

Policeman issues a parking ticket to a fancy pink sportscar.

Lawsuits

Gemini’s Winklevoss Responds to SEC’s Charges, Calls Them ‘Manufactured Parking Ticket’

Tyler Winklevoss said that the SEC’s actions are “totally counterproductive” and “super lame.”

by Arturas Skur

January 13, 2023 │ 10:30 AM GMT

Lady Justice statue holding scales and sword.

Lawsuits

SEC Charges Genesis and Gemini, Alleges Genesis Loaned Customer Assets to DCG

The agency said that Genesis lent $575 million, including Gemini Earn customer assets, to its parent company DCG.

by Arturas Skur

January 13, 2023 │ 10:05 AM GMT

Lawsuits

Nexo’s Office in Bulgaria Raided on Suspected Money Laundering and Tax Crimes

Over 300 police officers, prosecutors, and national security agents are involved in the investigation of Nexo.

by Arturas Skur

January 12, 2023 │ 7:00 PM GMT

Sam Bankman Fried with dollar bills instead of eyes looking at a sinking car with a human on top reaching towards him.

Lawsuits

FTX Recovers $5 billion in Liquid Assets to Repay Customers, But Extent of Loss Still Unknown

FTX's attorney has said that the company has recovered over $5 billion in assets to repay customers and investors.

by Milko Trajcevski

January 12, 2023 │ 1:00 PM GMT

A man in suit is going downstairs while another man cut in half is pointing his hand at something and papers are flying around. Gemini, Genesis

Lawsuits

Gemini Terminates Genesis Loans, Ends Crypto Yield Program

The exchange said it would “operate with the utmost urgency” to return users over $900 million stuck with Genesis.

by Arturas Skur

January 11, 2023 │ 4:00 PM GMT

Lawsuits

BAYC Creators Yuga Labs Ordered to Testify Under Oath in Ryder Ripps Case

More monkey business for Bored Apes, as the founders are obliged to answer some inconvenient questions under oath.

by Tadas Klimasevskis

January 10, 2023 │ 3:15 PM GMT

Man sitting in a convertible that's driving fast and has dollars flying out of its trunk

Lawsuits

Barry Silbert’s DCG Faces SEC and DOJ Investigation Over Internal Transfers

A DCG spokesperson said that the company is unaware of any active investigations related to its business activities.

by Arturas Skur

January 9, 2023 │ 5:15 PM GMT

A man stands with his hands in pockets while a bird with a muscular hand clenches documents in its hands.

Lawsuits

Three Arrows Capital Founders Ordered by Liquidators on Twitter to Provide Documents

Su Zhu and Kyle Davies have been issued subpoenas to “furnish all documents available” to them.

by Arturas Skur

January 6, 2023 │ 5:30 PM GMT

Hacks and Scams

SEC Charges 8 over $45M Fraud Scheme as U.S. Regulators’ Crypto Crusade Continues

The defendants linked to the scam project CoinDeal promised investors returns of over 500,000 times their initial investments.

by Arturas Skur

January 5, 2023 │ 5:30 PM GMT

A person standing with a drawn bow behind falling feathers.

Lawsuits

BlockFi and FTX Lay Claim to Robinhood Stocks to be Seized by US DOJ

As per an affidavit, Sam Bankman-Fried acquired 7.42% of Robinhood shares through Emergent Fidelity Technologies.

by Soumen Datta

January 5, 2023 │ 5:00 PM GMT

Lawsuits

Genesis Unlikely to Meet Gemini’s Deadline as CEO Says It Needs ‘Additional Time’ to Sort Liquidity Issues

Derar Islim said in a letter to its investors that the firm’s financial woes are “a very complex process.”

by Arturas Skur

January 5, 2023 │ 1:25 PM GMT

Judge Martin Glenn giving a speech with Alex Machinsky at background.

Lawsuits

Court Approves Celsius Network’s Ownership of $4.2 Billion in Customer Funds

This ruling means that Earn users won't receive top priority in Celsius's imminent repayment plans.

by Soumen Datta

January 5, 2023 │ 11:00 AM GMT

Bahamas policemen with bulletproof west and a helmet standing confused in front of a police station and police car

Lawsuits

Bahamas Regulator Debunks Rumors About Asking SBF to Mint New Tokens

According to the Bahamas regulator, FTX's argument stems from incomplete information.

by Soumen Datta

January 3, 2023 │ 1:40 PM GMT

Barry Silbert sitting next to an angry man holding a megaphone and shouting

Lawsuits

Gemini Users File a Class Action Arbitration Against Genesis Global Capital

Three users have accused Genesis Global Capital of breaching a contract and offering unregistered securities.

by Milko Trajcevski

January 3, 2023 │ 12:00 PM GMT

A human wearing green body pain t and green clothes pointing above the angry crowd

Lawsuits

FTX Customers Demand Names Be Removed from Bankruptcy Filings Citing Privacy Issue

The FTX customers claimed that revealing their identities could lead to numerous illicit attacks, including scams and robberies.

by Soumen Datta

December 30, 2022 │ 3:30 PM GMT

Mango Markets exploiter Avraham Eisenberg arrested in Puerto Rico

Hacks and Scams

Mango Markets Exploiter Arrested in Puerto Rico, Charged with Market Manipulation and Fraud

Avraham Eisenberg left the U.S. and went to Israel a day after exploiting Mango Markets for $110 million.

by Arturas Skur

December 28, 2022 │ 4:15 PM GMT

Lawsuits

Gemini and Winklevoss Twins Sued for Not Selling Interest-Bearing Accounts as Securities

In the lawsuit, investors alleged that the Gemini exchange and the Winklevoss twins violated the Exchange Act.

by Soumen Datta

December 28, 2022 │ 12:30 PM GMT

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Crypto news made easy

Lawsuits

Nexo Settles with SEC for $45M: What You Need to Know!

Winklevoss Twins Threaten to Sue DCG CEO After Genesis Bankruptcy

Crypto Twitter Makes Fun of DOJ’s ‘Major Action’ Against Obscure Russian Exchange Bitzlato

Gemini’s Winklevoss Responds to SEC’s Charges, Calls Them ‘Manufactured Parking Ticket’

SEC Charges Genesis and Gemini, Alleges Genesis Loaned Customer Assets to DCG

Nexo’s Office in Bulgaria Raided on Suspected Money Laundering and Tax Crimes

FTX Recovers $5 billion in Liquid Assets to Repay Customers, But Extent of Loss Still Unknown

Gemini Terminates Genesis Loans, Ends Crypto Yield Program

BAYC Creators Yuga Labs Ordered to Testify Under Oath in Ryder Ripps Case

Barry Silbert’s DCG Faces SEC and DOJ Investigation Over Internal Transfers

Three Arrows Capital Founders Ordered by Liquidators on Twitter to Provide Documents

SEC Charges 8 over $45M Fraud Scheme as U.S. Regulators’ Crypto Crusade Continues

BlockFi and FTX Lay Claim to Robinhood Stocks to be Seized by US DOJ

Genesis Unlikely to Meet Gemini’s Deadline as CEO Says It Needs ‘Additional Time’ to Sort Liquidity Issues

Court Approves Celsius Network’s Ownership of $4.2 Billion in Customer Funds

Bahamas Regulator Debunks Rumors About Asking SBF to Mint New Tokens

Gemini Users File a Class Action Arbitration Against Genesis Global Capital

FTX Customers Demand Names Be Removed from Bankruptcy Filings Citing Privacy Issue

Mango Markets Exploiter Arrested in Puerto Rico, Charged with Market Manipulation and Fraud

Gemini and Winklevoss Twins Sued for Not Selling Interest-Bearing Accounts as Securities

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