Regulation
Binance named among Bitzlato top 3 receiving counterparty
Binance was named as one of Bitzlato’s top three receiving counterparties, according to the US Treasury Financial Crimes Enforcement Network.
Oluwapelumi Adejumo 1 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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Crime
S. Korea indicts 20 people for illegal $170M crypto profiteering
The accused individuals sent around $3.2B out of S. Korea under false pretenses, violating foreign exchange laws, to buy crypto abroad.
Legal
SEC lawsuit against Ripple may end by summer: Ripple CEO
Ripple CEO Brad Garlinghouse expects a judgment in the first half of 2023.
Latest Legal News & Analysis
Crime
Hong Kong exchange Bitzlato seized; founder arrested
Bitzlato was the second-largest crypto transactions counterparty for users of Hydra, the darknet marketplace shut down last year.
Legal
SEC crypto enforcement actions up 50% in 2022 – nearly half against ICOs
Out of 127 enforcements actions launched since 2013, 73% alleged unregistered securities offering, 59% alleged fraud and 44% alleged both.
Bankruptcy
FTX defends move to appoint law firm Sullivan & Cromwell as advisor
Separate filings from FTX CEO John Ray III and the official Committee of unsecured creditors supported the move to retain Sullivan & Cromwell.
Featured
SBF says latest revelation is “misleading” about FTX.US solvency
FTX management was making a "meaningless comparison" by not including the bank balances as part of the bankrupt's firm assets, said SBF.
Bankruptcy
Alameda had $65B artificial credit line, 43,000% more than FTX market makers
FTX had a 'god mode' for a small group of users that allowed for uncollateralized borrowing without record
Regulation
Op-ed: The web3 regulatory landscape in the UAE
The ultimate guide for web3 entrepreneurs and investors.
