Bankruptcy
FTX creditors include Google, Meta, Circle, Genesis, govt. agencies
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
Monika Ghosh 3 min read
Legal News
Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
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Top Legal Stories
Crime
Dark web hitmen paid $60,000 BTC to kidnap estranged wife
The U.S. Attorney’s Office for the Eastern District of Washington issued a press release on Jan. 24 announcing the sentence.
Bankruptcy
Roger Ver says he can afford to pay Genesis $20M but insolvency changes agreement
Ver claims that his agreement required the company to remain solvent.
Latest Legal News & Analysis
Legal
Arizona senator keeps pushing to make Bitcoin legal tender
If approved, the bill would allow Arizona residents to transact and pay taxes with BTC. A similar bill was first introduced in January 2022.
Legal
Prosecutors seize SBF’s $50M deposit to small bank
Roughly $50 million of SBF's deposit has been seized by prosecutors – Alameda invested $11.5 million earlier in the same bank.
Bankruptcy
Genesis creditors launch class action lawsuit against DCG, Barry Silbert
The lawsuit alleges that Genesis violated the Securities Act and seeks to hold DCG and Silbert liable as "control persons."
Bankruptcy
Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M
The embattled firm alleged that Ver failed to settle cryptocurrency options trades that expired on Dec. 30, 2022.
Bankruptcy
Genesis aims to close a deal with creditors
Genesis has "confidence" it can resolve disputes with creditors this week. The lender is looking to exit bankruptcy by May 19.
Adoption
Massachusetts bill for special blockchain commission to assess government usage
The Special Commission bill was filed on the same day as another bill related to increasing consumer protection against crypto exchanges.
