Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
BlockFi hearings have been adjourned until Dec. 19 after a key agreement was struck, paving the way for strategic bankruptcy resolutions.
The prosecutors argued that their decision to allow CZ to remain free until his sentencing does not mean that he poses no flight risk.
CZ's lawyers argue that he is ready to accept responsibility for his actions.
The companies said their concession does not equate to a wholesale release of their documents.
Montenegro court update: Do Kwon closer to facing charges in US/South Korea after UST debacle.
The DOJ believes that CZ should be forced to stay in the U.S. stating he may not come back for sentencing if allowed to leave.
Alderoty highlighted that there was no mention of "crypto securities" or the SEC in the lawsuit filed by the Department of Justice (DOJ) against Binance.
The two firms have been involved in an extensive legal battle during the past year.
CZ will pay a $50 million fine; he likely faces up to 18 months in prison.
