Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
A Brazilian congressional committee has made the recommendation to indict Zhao and other for fraud and other securities violations; the decision to press charges now falls to the police.
The company is seeking compensation for what it views as damage to its reputation.
Caroline Ellison, formerly the CEO of Alameda Research, took the stand in the criminal case of ex-FTX CEO Sam Bankman-Fried on Oct. 10.
The second week of hearings is expected to be dominated by Ellison's testimony — which may take place as early as Oct. 10.
The value of SBF's $500 million investment in Anthropic could jump to more than $4 billion if the AI company secures new funding.
Paul Grewal believes that if the U.S. keeps dithering on crypto regulation, the industry will meet the same fate as semiconductors.
The first week of the SBF trial has not gone very well for the former billionaire as former colleagues and friends have become key witnesses against him.
The FTX co-founder admitted to several instances of criminal activity in the exchange's dealings with Alameda Research and is fully cooperating with prosecutors.
Musk expressed confidence that regulatory changes were inevitable, 'estimating' a 100% probability of reform.
