New York attorney General Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC. James said that Mashinsky violated the Martin Act and New York’s Executive and General Business Laws by allegedly defrauding investors into depositing billions of dollars into digital asset within the cryptocurrency lending company. “Between…
BitConnect victims will receive $17 million in restitution money, according to an announcement from the U.S. Department of Justice (DOJ) on Jan. 12. That statement indicates that a federal court in San Diego, California has ordered said funds to be delivered to 800 individuals in 40 countries. BitConnect was widely recognized as Ponzi scheme, both…
Former FTX CEO Sam Bankman-Fried (SBF) launched a Substack report in which he detailed his version of accounts of what happened at FTX. SBF claimed that “no funds were stolen” and attributed the collapse to Alameda’s inability to hedge against a market crash adequately. SBF recovery plan for FTX SBF took to Twitter earlier on…
Sam Bankman-Fried confirmed that he still believes there is a future for FTX in a tweet reply to Twitter user WassieLawyer. SBF said: “I think that [customers] being made substantially whole is a real possibility.” SBF was agreeing with the twitter user who said “a sale of the FTX exchange as a going concern is…
Grayscale’s chief legal officer Craig Salm said on Jan. 12 that he does not expect the recent spate of events in the crypto space to impact its case against the SEC. Recent crypto events won’t impact Grayscale’s case According to him, the lawsuit is about “determinations on questions of law.” He added that despite the SEC’s…
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…
The U.S. bankruptcy court for the Southern District of New York provided an initial greenlight for the Binance-Voyager deal on Jan. 10, Reuters reported. Judge Michael Wiles approved the disclosure statements that explained the various aspects of the deal. However, Judge Wiles asked the attorneys working on the deal to revise the proposed order before…
The brother of a former Coinbase manager, Nikhil Wahi, was sentenced to 10 months in prison on Jan. 10 for making trades based on confidential Coinbase information he acquired from his brother, Reuters reported. Nikhil Wahi is the brother of Coinbase’s former product manager Ishan Wahi. Prosecutors claimed that Ishan Wahi tipped his brother and…
Investment firm Albright Capital has voluntarily dismissed its fraud charges against the failed Terraform Labs and its executives including Do Kwon. Following the historic Terra collapse in May 2022, Albright Capital, law firm Scott +Scott, Bragar Eagel & Squire independently filed class actions against Terraform Labs. Albright Capital in its lawsuit alleged that Terraform Labs…
Nishad Singh, the former director of engineering at FTX, met with prosecutors last week to discuss a potential cooperation deal, Bloomberg News reported on Jan. 10, citing sources familiar with the matter. Singh is the third member of FTX founder Sam Bankman-Fried’s (SBF) inner circle to seek a plea deal. FTX co-founder Gary Wang and…