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Lawsuit
Three Arrows Founders Kyle Davies and Su Zhu’s Exchange Sues Mike Dudas for Defamation
“Along with my colleagues at Brown Rudnick, we are proud to represent Mike Dudas in defense of this lawsuit filed by 3 Arrows Capital’s ‘ecosystem partner’ OPNX,” crypto attorney Stephen Palley told CoinDesk. “In order to prove…
U.S. Judge Dismisses Lawsuit Against DeFi Startup PoolTogether
The lawsuit, filed by former congressional staffer Joe Kent in the U.S. District Court for the Eastern District of New York in October 2021, alleged the DeFi platform violated New York state’s gambling laws by “allowing people to evade…
Coinbase Users Withdraw $600M in Crypto in a Day Amid SEC Lawsuits Against Binance, Coinbase
Traders have withdrawn funds from Coinbase in two waves, data shows. On Monday, net outflows reached $450 million within an hour following the lawsuit against Binance before stabilizing, according to Nansen data. Withdrawals rose again…
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
The lawsuit alleges fraud, breach of contract and fiduciary duty, as well as aiding and abetting against DX Corr and its executives as well as former Coinmint employees. Coinmint is asking for “actual, compensatory and consequential…
Bitcoin (BTC) Miner Riot Platform Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees
Riot claims that Rhodium "deliberately miscalculated" how much in hosting fees it had to pay for Riot's hosting services. The two were supposed to share the net revenue from Rhodium's mining at the Whinstone facilities, said the lawsuit,…
Ripple's Tussle Against SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report
The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.
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Judge Upholds Freeze on SpartacusDAO’s $35M in Lawsuit Served Via Discord, NFT
Judge Victor Marrero upheld his previously signed restraining order against Wei Wu, allegedly the man behind Spartacus, in a hearing in the U.S. Southern District Court of New York on Thursday. Marrero said the order will remain in place…
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
Regulators in the United States have choked out the cryptocurrency sector to the point of death according to Bitcoin (BTC) bull and billionaire tech investor Chamath Palihapitiya.“Crypto is dead in America,” he boldly claimed in an April…
Behind Bitcoin Marketplace Paxful’s Unraveling
“Paxful’s employees quickly realized that these purported ‘auditors’ were merely Schaback’s friends who did not possess any qualifications and could not possibly bring any value to the company,” the filing reads. “After a company party,…
Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital
The complaint, filed with the Southern District of New York on Friday, alleges Gryphon CEO Rob Chang wired 18 of Sphere 3D's bitcoin to an address belonging to a fraudster who masqueraded as Sphere 3D's chief financial officer in…